Extension of Shell Hedging Facility
Summary by AI BETAClose X
Prior to publication the information communicated in this announcement was deemed by the Company to constitute inside information for the purposes of article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No 2019/310 ('MAR'). With the publication of this announcement, this information is now considered to be in the public domain.
21st May 2026
Yü Group PLC
("Yü Group" or the "Group")
Extension of transformational Hedging Facility with Shell Energy Europe Limited
Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters, is delighted to announce an extension to the structured trading agreement ("Hedging Facility") with Shell Energy Europe Limited ("Shell Energy"). The Group initially entered into a five-year Hedging Facility in February 2024. On the back of the success of the relationship the Group has today entered into a three-year extension of the term to 2032.
The extension of the Hedging Facility represents the continued strength of the partnership that has been developed between Yü Group and Shell Energy, capable of underpinning annual revenues significantly in excess of £2bn.
The Hedging Facility continues to provide structured access to the commodity markets without cash deposited as collateral to support mark-to-market movements which can absorb capital in volatile commodity environments. The extension offers a significant increase in volume capacity to facilitate the ambitious three-year growth plan, SS2B, as well as flexibility in product development to improve our breadth of offering to meet wider customer needs.
The extension ensures Yü Group are well placed to deliver their ambitious stated growth plan to secure a 7-9% market share by 2028.
Bobby Kalar, Chief Executive Officer of Yü Group, commented:
"This extension clearly demonstrates the strength of the relationship between our respective businesses, and whilst our ambitious growth plans were not precedent on getting this deal done it gives us a clear runway to continue the job of becoming the fastest growing dominant B2B supplier in the UK. As always, I would like to thank the hard work put in by my amazing team."
For further information, please contact:
|
Yü Group PLC Bobby Kalar Andy Simpson
|
+44 (0) 115 975 8258 |
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Panmure Liberum Bidhi Bhoma Edward Mansfield Satbir Kler Gaya Bhatt |
+44 (0) 20 3100 2000 |
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 c.47% over the last five 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, including through the ownership of smart meter assets to generate a recurring index-linked annuity income over a 15+year period.
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