REG - Yu Group PLC - Grant of Options

YuAnnouncement

03/06/2021 07:40

RNS Number : 6412A
  
Yu Group PLC
  
03 June 2021
  
 

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;

(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 options




e)


Price(s) and volume(s)


 




Price(s)


Volume(s)




0.5p


76,616




 




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




 


 


 


 




 
 
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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