Yu Group PLC Grant of Options (8673B)

TIDMYU.

RNS Number : 8673B

Yu Group PLC

07 April 2017

7 April 2017

Yü Group PLC

(the "Group" or the "Company")

Grant of Options

Yü Group PLC, the independent supplier of gas and electricity to the UK corporate sector, announces that further to the announcement on 28 March 2017, it has granted 342,810 share options ("Options") to certain of its executive directors, being 114,270 Options in lieu of the waiver of bonuses in 2016 and 228,540 Options under the Company's annual share option grant 2017.

 
 Director      Options     Options Granted     Total Number      Total 
                Granted     (under Company's    of Options        Number 
                (in lieu    annual share        held following    of Options 
                of 2016     option grant        grants            held as 
                bonus       2017)                                 % of issued 
                waiver)                                           share 
                                                                  capital 
------------  ----------  ------------------  ----------------  ------------- 
 Bobby 
  Kalar 
  CEO          43,950      87,900              131,850           0.94 
------------  ----------  ------------------  ----------------  ------------- 
 Nick 
  Parker, 
  CFO          35,160      70,320              605,480           4.31 
------------  ----------  ------------------  ----------------  ------------- 
 Garry 
  Pickering    35,160      70,320              605,480           4.31 
------------  ----------  ------------------  ----------------  ------------- 
 Total         114,270     228,540             1,342,810 
------------  ----------  ------------------  ----------------  ------------- 
 

The 114,270 Options have been granted with an exercise price of GBP0.005 and the 228,540 Options at an exercise price of GBP2.844 being the volume weighted average price as at 28 March 2017. The Options will be exercisable from the third anniversary of the date of grant.

Following these grants the Company has a total of 1,437,310 share options outstanding representing 10.2% of the existing issued share capital of the Company.

For further information please contact:

 
 Yu Group PLC         [phone] 
 Bobby Kalar 
 Nick Parker 
 
 Shore Capital        [phone] 
 Bidhi Bhoma 
 Edward Mansfield 
 Anita Ghanekar 
 
 Alma PR              [phone] 
 John Coles 
 Hilary Buchanan 
 Robyn McConnachie 
 

Notes to Editors

Information on the Group

Yü Group is an independent supplier of gas and electricity focused on servicing larger corporate and SME businesses throughout the UK. It has no involvement in the domestic retail market. The Group was founded by Bobby Kalar and is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 07, 2017 02:00 ET (06:00 GMT)