Yu Group PLC Exercise of Options, PDMR Dealing and TVR (7325N)
27 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMYU.
RNS Number : 7325N
Yu Group PLC
27 September 2023
27 September 2023
Yü Group PLC
("Yü Group" or the "Group")
Exercise of Options, PDMR Dealing and Total Voting Rights
Yü Group PLC (AIM: YU.), the independent supplier of gas and
electricity, meter asset owner, and installer of smart meters to
the UK corporate sector, announces that Adam Young, Marketing &
Transformation Director, has exercised options over 12,769 ordinary
shares of 0.5 p each ("Ordinary Shares") in the Company, at an
exercise price of 0.5 p each ("Options").
A portion of the Options were exercised by Adam Young on a
cashless basis such that 8,769 of the Ordinary Shares being issued
pursuant to the exercise have been sold via the Company's broker at
a price of 970p each. Some of this sale was made to fund the
associated tax charge and the transaction costs incurred by Adam
Young on the exercise of Options.
Of the 4,000 Ordinary Shares retained, Adam Young has confirmed
his intention to transfer approximately 2,000 shares in his name to
his partner, which will be retained in her Individual Savings
Account ("ISA"). These shares will be transferred from Adam Young
at the market price at the time of completion of the trade.
Following this transaction, Adam Young and persons closely
connected will be the beneficial holders of 4,000 Ordinary Shares
in the Company.
Issue of Equity and Admission
The Group has made an application to the London Stock Exchange
for the admission to trading on AIM for the 12,769 Ordinary Shares.
The 12,769 Ordinary Shares will rank pari passu with the Company's
existing issued shares and are expected to be admitted to trading
on AIM at 8:00a.m. on 2 October 2023.
Total Voting Rights
Following this admission, the Group's share capital and total
voting rights will comprise 16,727,695 ordinary shares of 0.5p
each. The Group does not hold any shares in treasury. Consequently,
16,727,695 is the figure which may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
For further information, please contact:
Yü Group PLC
Bobby Kalar
Paul Rawson +44 (0) 115 975 8258
Liberum
Edward Mansfield
Satbir Kler +44 (0) 20 3100 2000
Teneo
Giles Kernick
Tom Davies +44 (0) 20 7353 4200
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 SME and
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.
Pursuant to the notification obligations in accordance with
Article 19 of the Market Abuse Regulation (MAR)
Details of PDMR / person closely associated with them
1. ( 'PCA')
a) Name Adam Young
--------------------- -----------------------------------------------------
Details of PDMR / person closely associated with them
2. ( 'PCA')
----------------------------------------------------------------------------
a) Position / Digital Sales & Marketing Director
status
--------------------- -----------------------------------------------------
b) Initial notification Initial notification
/ amendment
--------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Yü Group PLC
---------------------------- ----------------------------------------------
b) LEI 213800ACO9GDDBM7DS35
---------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary shares of GBP0.005 each
of the financial
instrument ISIN: GB00BYQDPD80
--------------------- -----------------------------------------------------
d) Nature of the 1. Cashless exercise of options over ordinary
transaction shares
2. Sale of ordinary shares
--------------------- -----------------------------------------------------
e) Price(s) and Price(s) Volume(s)
volume(s) 1. 0.5p 12,769 Exercise of
Options
2. 970p 8,769 Sale of ordinary
shares
-----------------------
--------------------- -----------------------------------------------------
f) Aggregated
information
Aggregated N/A - Single Transactions
volume
Price
--------------------- -----------------------------------------------------
g) Date of the 26 September 2023
transaction
--------------------- -----------------------------------------------------
h) Place of the Off market transaction
transaction
--------------------- -----------------------------------------------------
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END
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