REG - Yu Group PLC - Exercise of Options, PDMR Dealing and TVR

YuAnnouncement

27/09/2023 07:00

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RNS Number : 7325N  Yu Group PLC  27 September 2023

27 September 2023

 

Yü Group PLC

("Yü Group" or the "Group")

 

Exercise of Options, PDMR Dealing and Total Voting Rights

 

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity,
meter asset owner, and installer of smart meters to the UK corporate sector,
announces that Adam Young, Marketing & Transformation Director, has
exercised options over 12,769 ordinary shares of 0.5 p each ("Ordinary
Shares") in the Company, at an exercise price of 0.5 p each ("Options").

A portion of the Options were exercised by Adam Young on a cashless basis such
that 8,769 of the Ordinary Shares being issued pursuant to the exercise have
been sold via the Company's broker at a price of 970p each. Some of this sale
was made to fund the associated tax charge and the transaction costs incurred
by Adam Young on the exercise of Options.

Of the 4,000 Ordinary Shares retained, Adam Young has confirmed his intention
to transfer approximately 2,000 shares in his name to his partner, which will
be retained in her Individual Savings Account ("ISA"). These shares will be
transferred from Adam Young at the market price at the time of completion of
the trade.

Following this transaction, Adam Young and persons closely connected will be
the beneficial holders of 4,000 Ordinary Shares in the Company.

Issue of Equity and Admission

 

The Group has made an application to the London Stock Exchange for the
admission to trading on AIM for the 12,769 Ordinary Shares. The 12,769
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 2 October
2023.

Total Voting Rights

 

Following this admission, the Group's share capital and total voting rights
will comprise 16,727,695 ordinary shares of 0.5p each. The Group does not
hold any shares in treasury. Consequently, 16,727,695 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.

For further information, please contact:

 Yü Group PLC       +44 (0) 115 975 8258

 Bobby Kalar

 Paul Rawson

 Liberum            +44 (0) 20 3100 2000

 Edward Mansfield

 Satbir Kler

 Teneo               +44 (0) 20 7353 4200

 Giles Kernick

 Tom Davies

 

 

 

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 SME and 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.

 

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                                     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                1.     Cashless exercise of options over ordinary shares

                                              2.     Sale of ordinary shares
 e)  Price(s) and volume(s)                   Price(s)         Volume(s)
                                              1.     0.5p      12,769 Exercise of Options

                                              2.     970p      8,769 Sale of ordinary shares
 f)  Aggregated information

     Aggregated volume                         N/A - Single Transactions

     Price
 g)  Date of the transaction                  26 September 2023
 h)  Place of the transaction                 Off market transaction

f)

Aggregated information

Aggregated volume

Price

 

 N/A - Single Transactions

g)

Date of the transaction

26 September 2023

h)

Place of the transaction

Off market transaction

 

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