Yu Group PLC Grant of Options (6412A)

TIDMYU.

RNS Number : 6412A

Yu Group PLC

03 June 2021

3 June 2021

Yü Group PLC

(the "Group")

Grant of Options

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announces the grant of 76,616 share options ("Options") under the Company's Long-Term Incentive Plan ("LTIP"), to the recently appointed Commercial & Digital Transformation Director, Jason Prothero.

Vesting of the LTIP options is linked to the performance of the participants, the Group, and the Group's share prices over pre-established dates. The LTIP has in-built safeguards against temporarily aberrant share-price behaviour.

The potential level of vesting of this award will be determined by the average share price over the 20 consecutive trading days following the announcement of the 2023 Group results in or around March 2024. During this period the average share price must be equal to, or exceed, 250p to achieve a 50% vesting. A share price below 250p will result in no options being vested. If the average share price is at, or above, 625p then 100% of the options will vest.

Following this award 8.16% of the Company's total issued share capital will be held under option.

For further information, please contact:

 
Yü Group PLC 
 Bobby Kalar 
 Paul Rawson                 [phone] 
SP Angel Corporate Finance 
 LLP 
 Jeff Keating 
 Bruce Fraser 
 Caroline Rowe               [phone] 
Tulchan Group 
 David Allchurch 
 Giles Kernick               [phone] 
 

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                                Jason Prothero 
     ----------------------------------  ----------------------------------------------- 
 2.   Details of PDMR / person closely associated with them 
       ( 'PCA') 
     ----------------------------------------------------------------------------------- 
 a)   Position / status                   Commercial & Digital Transformation Director 
     ----------------------------------  ----------------------------------------------- 
 b)   Initial notification                Initial notification 
       / amendment 
     ----------------------------------  ----------------------------------------------- 
 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                      Ordinary shares of GBP0.005 each 
       the financial 
       instrument                          ISIN: GB00BYQDPD80 
     ----------------------------------  ----------------------------------------------- 
 d)   Nature of the                       Grant of options 
       transaction 
     ----------------------------------  ----------------------------------------------- 
 e)   Price(s) and                          Price(s)   Volume(s) 
       volume(s)                             0.5p       76,616 
                                                       ---------- 
     ----------------------------------  ----------------------------------------------- 
 f)   Aggregated information 
       Aggregated volume                     76,616 
 
       Price                                 0.5p per share 
     ----------------------------------  ----------------------------------------------- 
 g)   Date of the transaction             2 June 2021 
     ----------------------------------  ----------------------------------------------- 
 h)   Place of the                        Off market transaction 
       transaction 
     ----------------------------------  ----------------------------------------------- 
 
 

Regulatory information

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside is now considered to be in the public domain.

Notes to Editors

Information on the Group

Yü Group PLC, trading as Yü Energy, is an independent supplier of gas, electricity and water focused on servicing the corporate sector throughout the UK. It has no involvement in the domestic retail market. The Group was listed on the AIM market of the London Stock Exchange in March 2016.

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June 03, 2021 02:00 ET (06:00 GMT)