REG - Yu Group PLC - Grant of Share Options
18/03/2025 07:15
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RNS Number : 0202B Yu Group PLC 18 March 2025
18 March 2025
Yü Group PLC
("Yü Group", the "Company" or the "Group")
Grant of share options
Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter
asset owner and installer of smart meters to the UK corporate sector,
announces the grant of 420,000 share options (the "Options") over ordinary
shares of 0.5 pence each ("Ordinary Shares") to five persons discharging
managerial responsibilities ("PDMRs"), under the Group's Long-Term Performance
Share Plan. The Options have an exercise price of 1,503p per Option, being
equal to the weighted average price over the 5 days prior to the finalisation
of the targets by the Company's Remuneration Committee, and vest on 31 March
2028.
The options are subject to the achievement of performance targets related to
profit, revenue and smart meter growth, which are assessed over the
performance period between 2025 to 2027. If performance is below a qualifying
level, then no options shall vest. Options will vest at 50% to 100% between
the qualifying level and a stretch target, and shall fully vest if the stretch
targets on all performance conditions are met.
The 420,000 Options have been granted to the PDMRs as follows:
Director/PDMR Existing options over Ordinary Shares held Number of Options granted Total options held following grant % of current issued share capital held under options
Bobby Kalar, CEO 567,062 140,000 707,062 4.15%
Paul Rawson, CFO 194,894 100,000 294,894 1.73%
Navaz Dean, Group HR Director(1) 107,894 60,000 167,894 0.99%
David Crowe, MD Yü Energy 132,894 60,000 192,894 1.13%
Gary Proctor, MD Yü Smart 30,000 60,000 90,000 0.53%
Following today's grant of Options, the Company currently has options
outstanding over a total of 1,584,681 Ordinary Shares, representing 9.31% 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.
(1) A person closely related to Navaz Dean has options over a further 7,894
shares.
- Ends -
Yü Group PLC +44 (0) 115 975 8258
Bobby Kalar
Paul Rawson
Panmure Liberum +44 (0) 20 3100 2000
Bidhi Bhoma
Edward Mansfield
Satbir Kler
Gaya Bhatt
Teneo +44 (0) 20 7353 4200
Giles Kernick
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 Bobby Kalar
2. Reason for notification
a) Position / status Chief Executive 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 Grant of options
e) Price(s) and volume(s) Price(s) Volume(s)
1. 1,503p exercise price 140,000
f) Aggregated information
- Aggregated volume
- Price n/a
n/a
g) Date of the transaction 18(th) March 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
18(th) March 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 Grant of options
e) Price(s) and volume(s) Price(s) Volume(s)
1. 1,503p exercise price 100,000
f) Aggregated information
- Aggregated volume
- Price n/a
n/a
g) Date of the transaction 18(th) March 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
18(th) March 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 Navaz Dean
2. Reason for notification
a) Position / status Group HR 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 60,000
f) Aggregated information
- Aggregated volume
- Price n/a
n/a
g) Date of the transaction 18(th) March 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
18(th) March 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 David Crowe
2. Reason for notification
a) Position / status MD Yü Energy
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 60,000
f) Aggregated information
- Aggregated volume
- Price n/a
n/a
g) Date of the transaction 18(th) March 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
18(th) March 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 Gary Proctor
2. Reason for notification
a) Position / status MD Yü Smart
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 60,000
f) Aggregated information
- Aggregated volume
- Price n/a
n/a
g) Date of the transaction 18(th) March 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
18(th) March 2025
h)
Place of the transaction
Outside a trading venue - grant of options
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