Grant of Options

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFTMFTMTTMBFB

Companies

Yu Group (YU.)
UK 100

Latest directors dealings