Yu Group PLC Board Changes (0624Z)
08 Enero 2020 - 1:00AM
UK Regulatory
TIDMYU.
RNS Number : 0624Z
Yu Group PLC
08 January 2020
8 January 2020
Yü Group PLC
(the "Group")
Board Changes
Yü Group PLC (AIM; YU.), the independent supplier of utilities
to the UK corporate sector, today announces that Mr Ralph Cohen,
Chairman of the Board, a position he has held since the Group was
admitted to trading on AIM in 2016, will be stepping down from his
role and leaving the Board following a period of transition. The
Group is pleased to announce the following appointments have been
made to the Board with immediate effect:
Independent Non-Executive Chairman
Robin Paynter Bryant today joins the Board as Non-Executive
Chairman. Robin has over 30 years' experience working in the City
of London for a number of financial institutions, having joined
Hill Samuel & Co. Ltd in 1983 to work on asset, liability and
treasury risk management for utility and large companies. He has a
strong background in regulation, compliance and corporate
governance and advised companies such as Severn Trent Water Plc,
Endesa SA, Italgas SpA and Centrex European Energy & Gas AG.
From 2012 to 2016 Robin was a Non-Executive Director of the UK
Water Economic Regulatory Authority, OFWAT.
Senior independent Non-Executive Director
Tony Perkins today joins the Board as senior independent
Non-Executive Director. Tony has had a long career at accountants
BDO where he was appointed a partner in 1990, having joined in
1980. He has acted for many fully listed and AIM companies in the
professional services, natural resources, technology, manufacturing
and retail sectors. He has extensive experience in financial,
governance and risk management and has advised on corporate
strategy, transactions and expansion of businesses in the UK and
internationally. Tony has held senior management positions at BDO
as a member of the firm's Leadership Team including Head of its
London Operations and National Head of Audit.
Commenting on his departure, Ralph Cohen said: "I have been
honoured to be Chairman of Yü Group, through the IPO and rapid
development of the business, notwithstanding the challenges we have
faced. I wish the Group, the Board and all stakeholders every
success in the future."
Bobby Kalar, Chief Executive Officer of Yü Group, commented: "I
would like to thank Ralph for his support over the last four years,
he leaves the Group in a much stronger position and I wish him all
the best in retirement.
"Strengthening the Board as the Group embarks on its renewed
phase of development is a strategic move building on the rapid
maturity of the business over the past few years, and to further
steer us to secure growth opportunities going forward. I am
delighted to welcome Robin and Tony to the Board. The appointment
of such high calibre individuals brings the necessary skills and
strengths the Group requires to take the Company to the next stage
of its evolution and complement the existing Board. I look forward
to updating the market in due course."
For further information please contact:
Yü Group PLC +44 (0) 115 975 8258
Bobby Kalar
Paul Rawson
Shore Capital +44 (0) 20 7408 4090
Advisory
Edward Mansfield
Anita Ghanekar
James Thomas
Broking
Fiona Conroy
Alma PR +44 (0) 20 3405 0205
John Coles
Hilary Buchanan
Helena Bogle
The following disclosures in relation to the appointment of
Robin Francis Paynter Bryant, aged 59, are required pursuant to
Schedule 2(g) of the AIM Rules for Companies:
Current directorships Past directorships and partnerships held
and partnerships: over the last 5 years:
Boskenna Capital E-PAY International Limited
Unity Link Financial ICG Capital and Finance Corp (UK) Ltd
Services Ltd
Leaseum Partners UK Ltd
London Merchant Bank limited
Mayfair International Advisory Group Ltd
OFWAT
The following disclosures in relation to the appointment of
Anthony John Perkins, aged 61, are required pursuant to Schedule
2(g) of the AIM Rules for Companies:
Current directorships Past directorships and partnerships held
and partnerships: over the last 5 years:
BDO LLP
Robin Paynter Bryant and Tony Perkins have confirmed that no
further information is required to be disclosed pursuant to AIM
Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
Notes to Editors
Yü Group PLC, trading as Yü Energy, is an independent supplier
of gas, electricity and water focused on servicing the business
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.
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END
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