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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Yu Group Plc | LSE:YU. | London | Ordinary Share | GB00BYQDPD80 | ORD GBP0.005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-10.00 | -0.52% | 1,920.00 | 1,900.00 | 1,940.00 | 1,920.00 | 1,920.00 | 1,920.00 | 3,371 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Combination Utilities, Nec | 278.59M | 4.77M | 0.2923 | 65.69 | 313.27M |
TIDMYU.
RNS Number : 6280H
Yu Group PLC
14 March 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ("RESTRICTED JURISDICTIONS"). THIS ANNOUNCEMENT, INCLUDING THE APPENDIX, IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Prior to publication, this announcement contained inside information within the meaning of Article 7 of the EU Market Abuse Regulation 596/2014. With the publication of this announcement, this information is now considered to be in the public domain.
Yü Group PLC
(the "Group" or "Company")
SUCCESSFUL COMPLETION OF PLACING TO RAISE GBP12.0 MILLION
Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity to the UK corporate sector, is delighted to announce that the Company has raised GBP12.0 million (gross) through a placing of 1,200,000 new ordinary shares of GBP0.005 each ("Placing Shares") in the Company (the "Placing") at a price of GBP10.00 per Placing Share (the "Placing Price").
Summary of the Placing
-- The Placing Shares being issued represent approximately 8.54 per cent. of the Company's issued share capital prior to the Placing;
-- The Placing Shares will represent 7.87 per cent. of the Group's Enlarged Share Capital (as defined below);
-- The Placing Price represented a discount of 11.1 per cent. to the closing price on 13 March 2018; and
-- Shore Capital is acting as Sole Bookrunner in connection with the Placing.
Application for admission
The Group has made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 1,200,000 Placing Shares. Admission is expected to occur at 8.00 a.m. on 21 March 2018. The Placing Shares will, on admission, rank pari passu with the Group's existing Ordinary Shares. Following the issue and Admission of the New Shares, the Group's share capital will comprise 15,254,055 Ordinary Shares ("Enlarged Share Capital").
The Directors revised shareholdings are set out below:
Director Shareholding Resultant shareholding ---------------------------- ------------------------------------------- ------------------------------------------- Number of Ordinary % of Issued Share Number of Ordinary % of Enlarged Share Shares Capital Shares Capital ---------------------------- -------------------- --------------------- --------------------- -------------------- Ralph Cohen (Non-Executive Chairman) 54,054 0.38 54,054 0.35 ---------------------------- -------------------- --------------------- --------------------- -------------------- Bobby Kalar(1) 8,648,649 61.54 8,648,649 56.7 (CEO) ---------------------------- -------------------- --------------------- --------------------- -------------------- Nick Parker(2) 21,605 0.15 21,605 0.14 (Finance Director) ---------------------------- -------------------- --------------------- --------------------- -------------------- Garry Pickering(3) Nil Nil Nil Nil (Chief Operating Officer) ---------------------------- -------------------- --------------------- --------------------- -------------------- John Glasgow (Non-Executive Director) 10,000 0.07 10,000 0.07 ---------------------------- -------------------- --------------------- --------------------- --------------------
Notes
1. Bobby Kalar also holds options over 131,850 Ordinary Shares. 2. Nick Parker holds options over 605,480 Ordinary Shares 3. Garry Pickering holds options over 605,480 Ordinary Shares
Capitalised terms used but not defined in this announcement have the same meaning as set out in the placing announcement of the Company released on 13 March 2018.
Commenting on the Placing, CEO Bobby Kalar said:
"We are delighted to have completed the Placing and are very pleased with the significant support we received from new and existing shareholders. The funds raised will ensure the Group is well positioned to continue to invest in opportunities for growth."
For further information please contact:
Yü Group PLC +44 (0) 115 975 8258 Bobby Kalar Nick Parker Shore Capital +44 (0) 20 7408 4090 Dru Danford Edward Mansfield Anita Ghanekar James Thomas Alma PR +44 (0) 20 8004 4218 John Coles Josh Royston Robyn Fisher
Notes to Editors
Information on the Group
Yü Group PLC is an independent supplier of gas, electricity and water utilities 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 company news service from the London Stock Exchange
END
IOEJJMLTMBJBBFP
(END) Dow Jones Newswires
March 14, 2018 03:01 ET (07:01 GMT)
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