REG - Yu Group PLC - Director Dealing, Grant and Exercise of Options

YuAnnouncement

19/05/2022 07:00

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RNS Number : 0258M  Yu Group PLC  19 May 2022

19 May 2022

Yü Group PLC

("Yü Group" or the "Group")

 

Director Dealing, Grant and Exercise of Options and Issue of Equity

 

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and
water to the UK corporate sector, announces that Paul Rawson, Chief Financial
Officer of the Company, has exercised options over 250,000 ordinary shares of
0.5 p each ("Ordinary Shares") in the Company, at an exercise price of 0.5 p
each ("Options").

 

The Company also announces the grant of 38,308 new share options ("LTIP
Options") under the Company's Long-Term Incentive Plan ("LTIP"), to the
Group's Digital Marketing and Sales Director, Adam Young.

 

Exercise of Options

 

The Options were exercised by Paul Rawson on a cashless basis such that
125,000 of the Ordinary Shares being issued pursuant to the exercise have been
sold via the Company's broker at a price of 190 p each. The sale was made to
fund the associated tax charge and the transaction costs incurred by Paul
Rawson on the exercise of Options.

 

Of the 125,000 Ordinary Shares retained, Paul Rawson has confirmed his
intention to transfer approximately 45,000 shares in his name to his partner,
which will be retained in her Individual Saving Account ("ISA"). These shares
will be transferred from Paul Rawson at the market price at the time of
completion of the trade.

 

Following this transaction, Paul Rawson will be the beneficial holder of
158,503 Ordinary Shares in the Company, representing 0.96 per cent. of the
Company's total issued share capital.

 

Issue of Equity, Admission and Total Voting Rights

 

The 250,000 Ordinary Shares will rank pari passu with the Company's existing
issued shares and are expected to be admitted to trading on AIM at 8:00a.m. on
or around 24 May 2022.

Following this admission, the Group's share capital and total voting rights
will comprise 16,566,215 ordinary shares of 0.5p each. The Group does not hold
any shares in treasury. Consequently, 16,566,215 is the figure which may be
used by shareholders as the denominator for the calculation by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and Transparency
Rules.

Grant of New LTIP Options

The vesting of LTIP Options issued under the LTIP 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 award to Adam Young comprises 12,769 LTIP Options under Tranche 1 and
25,539 under Tranche 2.

The actual 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 2022 (for Tranche 1) and 2023 (for Tranche 2) Group results.  During this
period the average share price must be equal to, or exceed, 200p for Tranche 1
and 250p for Tranche 2 to achieve a 50% vesting. A share price below those
levels will result in no options being vested for that tranche. If the average
share price is at, or above, 500p (Tranche 1) or 625p (Tranche 2) then 100% of
the options will vest.

Following this award and the exercise and issuance of new shares as referenced
above, 5.33 per cent. of the Company's share capital will be held under
option.

Market Abuse Regulation (MAR) Disclosure

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
information is now considered to be in the public domain.

For further information, please contact:

 

 Yü Group PLC                    +44 (0) 115 975 8258

 Bobby Kalar

 Paul Rawson

 SP Angel Corporate Finance LLP  +44 (0) 20 3470 0470

 Jeff Keating

 Bruce Fraser

 Caroline Rowe

 Tulchan Group                   +44 (0) 20 7353 4200

 Giles Kernick

 Oliver Norgate

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                                     Paul Rawson
 2.  Details of PDMR / person closely associated with them ('PCA')
 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 £0.005 each

 

                                              ISIN: GB00BYQDPD80
 d)  Nature of the transaction                Cashless exercise of options over ordinary shares
 e)  Price(s) and volume(s)

Price(s)         Volume(s)
                                              1.     0.5p      250,000 Exercise of Options
                                              2.     190p      125,000 Sale of ordinary shares

 
 f)  Aggregated information                    125,000 ordinary shares received

     Aggregated volume

 

     Price
 g)  Date of the transaction                  18 May 2022
 h)  Place of the transaction                 Off market transaction

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Adam Young
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Digital Sales & Marketing 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 £0.005 each

 

                                              ISIN: GB00BYQDPD80
 d)  Nature of the transaction                Grant of LTIP Options
 e)  Price(s) and volume(s)

Price(s)         Volume(s)
                                              1.     0.5p      38,308 Grant of LTIP Options

 
 f)  Aggregated information

     Aggregated volume                         38,308

     Price                                    0.5p per share

 g)  Date of the transaction                  18 May 2022
 h)  Place of the transaction                 Off market transaction

 

f)

Aggregated information

Aggregated volume

 

Price

 125,000 ordinary shares received

 

g)

Date of the transaction

18 May 2022

h)

Place of the transaction

Off market transaction

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Adam Young

2.

Details of PDMR / person closely associated with them ('PCA')

a)

Position / status

Digital Sales & Marketing 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 £0.005 each

 

ISIN: GB00BYQDPD80

d)

Nature of the transaction

Grant of LTIP Options

e)

Price(s) and volume(s)

 

 Price(s)         Volume(s)
 1.     0.5p      38,308 Grant of LTIP Options

 

f)

Aggregated information

Aggregated volume

Price

 

 38,308

0.5p per share

 

g)

Date of the transaction

18 May 2022

h)

Place of the transaction

Off market transaction

 

 

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