Yu Group PLC Grant of Options (3865K)

TIDMYU.

RNS Number : 3865K

Yu Group PLC

10 April 2018

Yü Group PLC

(the "Group")

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 6 March 2018, it has granted 147,778 share options ("Options") to certain of its employees and the executive directors.

In respect of the executive directors 43,160 Options have been granted in lieu of bonuses in 2017 and 62,618 Options have been granted under the Company's annual share option grant.

 
 Director             Options held        Options Granted     Options Granted    Total number of     Total number of 
                      prior to grant      (in lieu of 2017    (under Company's   Options held        Options held as % 
                                          bonus waiver)       annual share       following grant     of issued share 
                                                              option grant                           capital 
                                                              2018) 
-------------------  ------------------  ------------------  -----------------  ------------------  ------------------ 
 Bobby Kalar CEO                131,850              16,570             24,084             172,504               1.06% 
-------------------  ------------------  ------------------  -----------------  ------------------  ------------------ 
 Nick Parker, CFO               105,480              13,295             19,267             138,042               0.85% 
-------------------  ------------------  ------------------  -----------------  ------------------  ------------------ 
 Garry Pickering, 
  COO                           105,480              13,295             19,267             138,042               0.85% 
-------------------  ------------------  ------------------  -----------------  ------------------  ------------------ 
 Total                                               43,160             62,618             448,588 
-------------------  ------------------  ------------------  -----------------  ------------------  ------------------ 
 

The Options have been granted with an exercise price of GBP10.38 being the five day volume weighted average price as at 9 April 2018. The Options will be exercisable from the third anniversary of the date of grant.

Following these grants the Company has a total of 612,088 share options outstanding representing 3.77% 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] 
 Dru Danford 
 Edward Mansfield 
 Anita Ghanekar 
 
 Alma PR             [phone] 
 John Coles 
 Josh Royston 
 Robyn Fisher 
 

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 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

END

IOEGGUUCCUPRUQU

(END) Dow Jones Newswires

April 10, 2018 02:45 ET (06:45 GMT)