Yu Group PLC Appointment of Chief Finance Officer (4807Y)

TIDMYU.

RNS Number : 4807Y

Yu Group PLC

22 August 2018

Yü Group PLC

(the "Group" or "Company")

Appointment of Chief Finance Officer

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity to the UK corporate sector, is delighted to announce the appointment of Paul Rawson as Chief Financial Officer ("CFO") with effect from 3(rd) September 2018.

Paul has a degree in Accountancy and is a qualified Chartered Accountant (ICAEW) with a history in financial and commercial management in high growth businesses. In 2001, after spending 5 years in accountancy and tax advisory roles, he left KPMG to join the energy industry in what is now the Engie Group, where he held various senior financial and general management positions.

Whilst at Engie Paul was Financial Director responsible for developing and implementing new management information reports to include financial and non-financial KPI's. He also led the financial and commercial aspects of a GBP100m investment project to supply energy across the London Olympic Park and concluded a number of energy related M&A transactions.

Paul was latterly responsible, as Divisional CEO, for energy solutions spanning the retail supply of gas and power to businesses, the provision of low carbon generation, energy Software as a Service and smart building technologies and the launch of a domestic energy retail offer.

Bobby Kalar, Chief Executive of Yü Group, said: "I am delighted that Paul will be joining Yü Group as CFO and look forward to working with him managing and accelerating the Company's rapid growth. Paul's financial and sector experience, together with his operational skill sets, will prove immensely beneficial to the Group as it continues to pursue its growth agenda."

For further information, please contact:

 
 Yü Group PLC 
  Bobby Kalar         [phone] 
 Shore Capital 
  Dru Danford 
  Edward Mansfield 
  Anita Ghanekar 
  James Thomas        [phone] 
 Alma PR 
  Josh Royston         [phone] 
  John Coles           [phone] 
  Robyn Fisher         [phone] 
 

Additional Information:

The following information is disclosed under Schedule 2 (g) of the AIM Rules.

   i.      Paul Edwin Rawson, 43, is currently a director of: 
 
 Power 48 Ltd 
 

ii. Within the last 5 years, he has also served as a director or been a partner of the following companies:

 
 Association for Decentralised Energy 
 Birmingham District Energy Company Ltd 
 Bloomsbury Heat & Power Ltd 
 C3 Resources Ltd 
 Cheshire Energy Networks Ltd 
 Cofathec Energy Ltd 
 Cofathec Energy PFI Ltd 
 Cofathec Energy Services Ltd 
 Colledge Trundle & Hall Ltd 
 Coventry District Energy Company Ltd 
 East London Energy Ltd 
 Ecova, Inc Ltd 
 Elyo Falcon Ltd 
 Engie DE Holding Company Ltd 
 Engie Energy Services UK Ltd 
 Engie FM Ltd 
 Engie Gas Ltd 
 Engie Gas Shipper Ltd 
 Engie Home Ltd 
 Engie Power Ltd 
 Engie Services Ltd 
 Engie Supply Holding UK Ltd 
 Engie Urban Energy Group Ltd 
 Engie Urban Energy Ltd 
 Excel District Energy Company Ltd 
 Gower Street Heat & Power Ltd 
 Industrial Energy Services Ltd 
 Industrielle De Chauffage Enterprise United Kingdom Ltd 
 International Power Retail Supply Company (UK) Ltd 
 IPM Energy Retail Ltd 
 Leicester District Energy Company Ltd 
 Power Efficiency Holdings Ltd 
 Southampton Geothermal Heating Company (the) Ltd 
 

Paul Rawson has confirmed that there is no other additional information to be disclosed under Schedule 2 (g) of the AIM Rules.

Notes to Editors

Information on the Group

Yü Group PLC, trading as Yü Energy, 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 listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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August 22, 2018 02:00 ET (06:00 GMT)