REG - Yu Group PLC - Board Transition and Director Dealing

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Tue 07:00

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RNS Number : 9220R  Yu Group PLC  22 July 2025

22 July 2025

Yü Group PLC

("Yü Group", the "Company" or the "Group")

 

Planned Board Succession and LTIP Awards

 

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter
asset owner and installer of smart meters to the UK SME & corporate
sector, announces the appointment of Andy Simpson as Chief Financial Officer
designate as part of its internal succession planning. Paul Rawson will be
standing down from his role as Chief Financial Officer on 1 September 2025 and
transition to the role of non-executive director. Paul Rawson will remain on
the Board enabling the Company to continue to benefit from his insight and
experience.

 

Board Transition

 

In line with the Group's internal succession planning the Group undertook a
comprehensive executive recruitment process following which, on 17 February
2025, Andy Simpson joined the Group as Group Finance Director. Andy Simpson
will be appointed to the Board as Chief Financial Officer effective 1
September 2025 after a short further period of transition.

 

Andy Simpson, a qualified accountant and member of the Chartered Institute of
Management Accountants, is an experienced finance director and chief financial
officer having held senior executive management positions at BT Openreach,
overseeing a £1bn revenue service business, Origin Broadband and ITS
Technology Group. Andy has significant experience of high-growth, cost
efficient and technology driven entities, including through complex
operational environments and customer collection activities.

 

LTIP Awards:

 

Andy Simpson has today been granted 238,000 share options (the "Options") over
ordinary shares of 0.5 pence each ("Ordinary Shares") under the Group's
Long-Term Performance Share Plan. The Options consist of two tranches:

 

 Award      # Options  Vest date      Exercise Price
 Tranche 1  78,000     31 March 2028  1,503p
 Tranche 2  160,000    31 March 2029  1,360p

 

 

The Options are subject to the achievement of performance targets set by the
Remuneration Committee and approved by the Board. If performance is below a
qualifying level, then no options shall vest. The Options will vest at 25% to
100% between the qualifying level and a stretch target. The Options shall
fully vest if the stretch targets on all performance conditions are met.
Following this grant, Andy Simpson has Options over 238,000 shares,
representing 1.4% of the Company's current issued share capital.

 

In view of Paul Rawson's transfer to a non-executive director position Paul
Rawson has agreed to waive a portion of his share options granted and
announced on 18 March 2025, these options vest on 31 March 2028. The number of
options shall be reduced from 100,000 to 22,222. Paul Rawson retains options
which vest on or prior to 31 March 2026. The total number of options Paul
Rawson retains has reduced to 217,116 shares, representing 1.3% of the
Company's current issued share capital.

 

Following today's amendments, the Company currently has options outstanding
over a total of 1,743,956 Ordinary Shares, representing 10.3% of the Company's
current issued share capital.

 

The FCA notifications, made in accordance with the requirements of the UK
Market Abuse Regulation are appended further below.

 

 

Bobby Kalar, Chief Executive Officer, said:

"On a personal note, I would like to extend my sincere thanks to Paul for his
unwavering support, belief, and commitment throughout the rebuilding of the
Group's equity story. His exceptional work ethic and positive attitude are
qualities I have come to greatly admire and respect. A dependable and
dedicated professional, Paul leaves the role having made a real and lasting
impact - elevating it and leaving it in a much stronger place than when he
stepped into it. I'm pleased Paul remains on the Board and will continue to
support the business's success and growth at Board level.

 

"On behalf of the Board and everyone at Yü Group, I wish to thank Paul, a
highly competent and delightful colleague, for his dedication and invaluable
contribution to the Group's development. Paul worked tirelessly in his role as
CFO since his appointment in 2018 during which period the Group's revenues
have grown nearly tenfold.

 

"We are delighted to with the appointment of Andy Simpson as CFO designate.
Andy provides significant commercial, operational and cost efficiency
experience as the Group continues to scale. Andy has 'hit the ground running'
since he joined us in February 2025 and is already a key part of our Executive
Committee. The step up to the Board, effective 1 September 2025, provides a
new value-add to meet our ambitious targets, whilst delivering continuity for
the FY25 financial period.

 

"I'm looking forward to continuing to drive this Group in meeting its
ambitious strategic targets and supported by a strengthened, focussed and
experienced Board."

 

 

- Ends -

 

 Yü Group PLC       +44 (0) 115 975 8258

 Bobby Kalar

 Paul Rawson

 Andy Simpson

 Panmure Liberum    +44 (0) 20 3100 2000

 Bidhi Bhoma

 Edward Mansfield

 Satbir Kler

 

 

Notes to Editors

Information on the Group

Yü Group PLC is a leading supplier of gas and electricity focused on
servicing the corporate sector throughout the UK. We drive innovation through
a combination of user-friendly digital solutions and personalised, high
quality customer service. The Group plays a key role supporting businesses in
their transition to lower carbon technologies with a commitment to providing
sustainable energy solutions.

Yü Group has a clear strategy to deliver sustainable profitable growth (in a
£50bn+ addressable market) and value for all of our stakeholders, built on
strong foundations and with a robust hedging policy. The Group has achieved a
compound annual growth rate of over 60% over the last four years, and has
significantly improved margin and profitability performance. In 2023 the Group
launched Yü Smart to support growth through new opportunities in smart
metering installation.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Andy Simpson
 2.  Reason for notification
 a)  Position / status                        Group Finance 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 c)  Description of the financial instrument  Ordinary shares of 0.5p each

                                              ISIN: GB00BYQDPD80
 d)  Nature of the transaction                Grant of options
 e)  Price(s) and volume(s)                   Price(s)               Volume(s)
                                              1.  1,503p exercise price  78,000
                                              2.  1,360p exercise price  160,000
 f)  Aggregated information

     - Aggregated volume

     - Price                                  n/a

                                              n/a
 g)  Date of the transaction                  22(nd) July 2025
 h)  Place of the transaction                 Outside a trading venue - grant of options

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

22(nd) July 2025

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Paul Rawson
 2.  Reason for notification
 a)  Position / status                        Chief Financial Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 c)  Description of the financial instrument  Ordinary shares of 0.5p each

                                              ISIN: GB00BYQDPD80
 d)  Nature of the transaction                Waiving of options
 e)  Price(s) and volume(s)                   Price(s)               Volume(s)
                                              1.  1,503p exercise price  78,000
 f)  Aggregated information

     - Aggregated volume

     - Price                                  n/a

                                              n/a
 g)  Date of the transaction                  22 July 2025

 h)  Place of the transaction                 Outside a trading venue - waiving of options

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

22 July 2025

 

h)

Place of the transaction

Outside a trading venue - waiving of options

 

 

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