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Yu Group PLC
Yu Group PLC - Exercise of Options and Director/PDMR Dealing
17th May 2024, 06:00
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RNS Number : 8175O
Yu Group PLC
17 May 2024
 

17 May 2024

 

Yü Group PLC

("Yü Group", the "Company" or the "Group")

 

Exercise of options, issue of options, director dealing

and purchase of shares into treasury

 

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK corporate sector, announces that it has today issued 254,120 ordinary shares of 0.5p each ("Ordinary Shares") in the capital of the Company following the exercise of options. Paul Rawson, Group Chief Financial Officer, exercised options over 121,465 Ordinary Shares and Navaz Dean, Group HR Director, exercised and sold options over 107,116 Ordinary Shares, with the balance of Ordinary Shares issued to a former employee.

The Company, utilising its existing authorities to repurchase its ordinary shares, has today purchased 234,978 Ordinary Shares at a price of £17.00 to hold in treasury.  It is intended that these Ordinary Shares held in treasury will be utilised to satisfy future option exercises.

Following the exercise of his options, Paul Rawson and a Person Closely Associated with him, have sold in aggregate 199,859 Ordinary Shares. Following these transactions, Paul Rawson has a notifiable interest in 92,966 Ordinary Shares alongside options over a further 194,885 Ordinary Shares in the Company and Navaz Dean holds 13,988 Ordinary Shares alongside options over a further 107,894 Ordinary Shares in the Company.

Yü Group has also issued 30,000 options to Gary Proctor, Managing Director of Yü Smart, under the Group's existing Long-Term Incentive Plan. The options have an exercise price, at par value, of £0.005 and vest on 31 March 2026 subject to the achievement of certain performance conditions.

Admission to trading and total voting rights

Following admission to trading of the Ordinary Shares, which is expected to take place on 22 May 2024, the Group's total number of Ordinary Shares in issue will increase to 17,019,315 and the number of shares held in treasury will be 234,978 Ordinary Shares representing 1.4% of the Company's issued share capital. The number of voting rights in the Company will be 16,784,337.

For further information, please contact:

Yü Group PLC

Bobby Kalar

Paul Rawson

 

+44 (0) 115 975 8258

 

Liberum

Edward Mansfield

Satbir Kler

Anake Singh

 

+44 (0) 20 3100 2000

Teneo

Giles Kernick

 

 +44 (0) 20 7353 4200

 

 

 

Notes to Editors

Information on the Group

Yü Group PLC is a leading supplier of gas and electricity focused on servicing the corporate sector throughout the UK. We drive innovation through a combination of user-friendly digital solutions and personalised, high quality customer service. The Group plays a key role supporting businesses in their transition to lower carbon technologies with a commitment to providing sustainable energy solutions.

Yü Group has a clear strategy to deliver sustainable profitable growth (in a £50bn+ addressable market) and value for all of our stakeholders, built on strong foundations and with a robust hedging policy. The Group has achieved a compound annual growth rate of over 60% over the last four years, and has consistently improved margin and profitability performance. In 2023 the Group launched Yü Smart and Yü Charge to support growth through new opportunities in smart metering installation.

 

 

Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR):

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Navaz Dean

2.

Reason for notification

a)

Position / status

Group HR Director

 

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Yü Group PLC

b)

LEI

213800ACO9GDDBM7DS35

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

c)

Description of the financial instrument

Ordinary shares of 0.5p each

ISIN: GB00BYQDPD80

d)

Nature of the transaction

Exercise of options and sale of Ordinary Shares

e)

Price(s) and volume(s)

Exercised

Price(s)

Volume(s)

1.

582.5p

1038.0p

109p

0.5p

13,500

7,000

10,000

76,616

 Sold

Price(s)

Volume(s)

1.

1700p

107,116

f)

Aggregated information

Aggregated volume

Price

Exercised 107,116 options at 151.8p

Sold 107,116 Ordinary Shares at 1700p

g)

Date of the transaction

17 May 2024

 

h)

Place of the transaction

XLON

 

 

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Paul Rawson

2.

Reason for notification

a)

Position / status

Chief Financial Officer 

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Yü Group PLC

b)

LEI

213800ACO9GDDBM7DS35

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

c)

Description of the financial instrument

Ordinary shares of 0.5p each

ISIN: GB00BYQDPD80

d)

Nature of the transaction

Exercise of options and sale of Ordinary Shares

e)

Price(s) and volume(s)

 Exercised

Price(s)

Volume(s)

1.

866.5p

0.5p

6,539

114,926

 

Sold

Price(s)

Volume(s)

1.

2.

3.

1700p

1700p

1764.397p

1764.397p

60,733 (Paul Rawson)

55,126 (Paul Rawson)

56,596 (Laura Streets)

27,404 (Paul Rawson)

 

f)

Aggregated information

Aggregated volume

Price

 

Exercised 121,465 options at 47p

Sold 199,859 Ordinary Shares at 1,727.07p

g)

Date of the transaction

17 May 2024

 

h)

Place of the transaction

XLON

 

 

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