Grant of Share Options
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Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, announces the grant of 420,000 share options (the "Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to five persons discharging managerial responsibilities ("PDMRs"), under the Group's Long-Term Performance Share Plan. The Options have an exercise price of 1,503p per Option, being equal to the weighted average price over the 5 days prior to the finalisation of the targets by the Company's Remuneration Committee, and vest on 31 March 2028.
The options are subject to the achievement of performance targets related to profit, revenue and smart meter growth, which are assessed over the performance period between 2025 to 2027. If performance is below a qualifying level, then no options shall vest. Options will vest at 50% to 100% between the qualifying level and a stretch target, and shall fully vest if the stretch targets on all performance conditions are met.
The 420,000 Options have been granted to the PDMRs as follows:
| Director/PDMR | Existing options over Ordinary Shares held | Number of Options granted | Total options held following grant | % of current issued share capital held under options |
|---|---|---|---|---|
| Bobby Kalar, CEO | 567,062 | 140,000 | 707,062 | 4.15% |
| Paul Rawson, CFO | 194,894 | 100,000 | 294,894 | 1.73% |
| Navaz Dean, Group HR Director 1 | 107,894 | 60,000 | 167,894 | 0.99% |
| David Crowe, MD Yü Energy | 132,894 | 60,000 | 192,894 | 1.13% |
| Gary Proctor, MD Yü Smart | 30,000 | 60,000 | 90,000 | 0.53% |
Following today's grant of Options, the Company currently has options outstanding over a total of 1,584,681 Ordinary Shares, representing 9.31% of the Company's current issued share capital.
1 A person closely related to Navaz Dean has options over a further 7,894 shares.
| Yü Group PLC Bobby Kalar Paul Rawson | +44 (0) 115 975 8258 | |
| Panmure Liberum Bidhi Bhoma Edward Mansfield Satbir Kler Gaya Bhatt | +44 (0) 20 3100 2000 | |
| Teneo Giles Kernick | +44 (0) 20 7353 4200 | |
| a) | Name | Bobby Kalar |
| 2. | Reason for notification | |
| a) | Position / status | Chief Executive Officer |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Yü Group PLC |
| b) | LEI | 213800ACO9GDDBM7DS35 |
| c) | Description of the financial instrument | Ordinary shares of 0.5p each ISIN: GB00BYQDPD80 |
| d) | Nature of the transaction | Grant of options |
| e) | Price(s) and volume(s) | Price(s) Volume(s) 1. 1,503p exercise price 140,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 18 th March 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Paul Rawson |
| 2. | Reason for notification | |
| a) | Position / status | Chief Financial Officer |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Yü Group PLC |
| b) | LEI | 213800ACO9GDDBM7DS35 |
| c) | Description of the financial instrument | Ordinary shares of 0.5p each ISIN: GB00BYQDPD80 |
| d) | Nature of the transaction | Grant of options |
| e) | Price(s) and volume(s) | Price(s) Volume(s) 1. 1,503p exercise price 100,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 18 th March 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Navaz Dean |
| 2. | Reason for notification | |
| a) | Position / status | Group HR Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Yü Group PLC |
| b) | LEI | 213800ACO9GDDBM7DS35 |
| c) | Description of the financial instrument | Ordinary shares of 0.5p each ISIN: GB00BYQDPD80 |
| d) | Nature of the transaction | Grant of options |
| e) | Price(s) and volume(s) | Price(s) Volume(s) 1. 1,503p exercise price 60,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 18 th March 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | David Crowe |
| 2. | Reason for notification | |
| a) | Position / status | MD Yü Energy |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Yü Group PLC |
| b) | LEI | 213800ACO9GDDBM7DS35 |
| c) | Description of the financial instrument | Ordinary shares of 0.5p each ISIN: GB00BYQDPD80 |
| d) | Nature of the transaction | Grant of options |
| e) | Price(s) and volume(s) | Price(s) Volume(s) 1. 1,503p exercise price 60,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 18 th March 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Gary Proctor |
| 2. | Reason for notification | |
| a) | Position / status | MD Yü Smart |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Yü Group PLC |
| b) | LEI | 213800ACO9GDDBM7DS35 |
| c) | Description of the financial instrument | Ordinary shares of 0.5p each ISIN: GB00BYQDPD80 |
| d) | Nature of the transaction | Grant of options |
| e) | Price(s) and volume(s) | Price(s) Volume(s) 1. 1,503p exercise price 60,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 18 th March 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
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