Result of GM

RNS Number : 4272Z
Yu Group PLC
26 May 2016
 

26 May 2016

Yü Group PLC
(the "Company")

Result of GM

 

The Company is pleased to announce that at its general meeting ("GM") held today, resolutions were passed approving the Capital Reduction, conditional upon approval by the Companies Court of the Chancery Division in the High Court of Justice (the "Court").

 

As set out in the Circular, the Court date has been set for 22 June 2016. In the event that approval by the Court is granted, registration of the Court order with the Registrar of Companies will follow, with the Capital Reduction expected to become effective on 23 June 2016.  As a result, the Company will have positive distributable reserves which will facilitate the Company's ability to make future payments of dividends as appropriate. 

 

Terms used in this announcement shall have the meanings given to them in the Company's circular dated 29 April 2016 unless otherwise specified.

 

For further information, please contact:

Yü Group PLC

Bobby Kalar

Nick Parker

 

+44 (0) 115 975 8258

 

Shore Capital

Bidhi Bhoma

Edward Mansfield

Anita Ghanekar

+44 (0) 20 7408 4090

 

 

 Alma PR

Josh Royston

Hilary Buchanan

John Coles

  

+44 (0) 7780 901 979

+44 (0) 7515 805 218

+44 (0) 7836 273 660

 

Notes to Editors

Information on the Group

Yü Energy is an independent supplier of gas and electricity focused on servicing larger corporate and SME businesses throughout the UK. It has no involvement in the domestic retail market. The Group was founded by Bobby Kalar and is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROMLLFFLELIRFIR

Companies

Yu Group (YU.)
UK 100

Latest directors dealings