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
| +44 (0) 115 975 8258
|
| SP Angel Corporate Finance LLP Jeff Keating Bruce Fraser Caroline Rowe
| +44 (0) 20 3470 0470 |
| Tulchan Group David Allchurch Giles Kernick
| +44 (0) 20 7353 4200
|
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 / amendment | Initial notification | |||||
| 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; | ||||||
| c) | Description of the financial instrument | Ordinary shares of £0.005 each ISIN: GB00BYQDPD80 | |||||
| d) | Nature of the transaction | Grant of options | |||||
| e) | Price(s) and volume(s) |
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| f) | Aggregated information Aggregated volume Price |
76,616 0.5p per share | |||||
| g) | Date of the transaction | 2 June 2021 | |||||
| h) | Place of the transaction | Off market transaction | |||||
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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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