Chief Operating Officer Appointment & LTIP Awards
Yu Group PLC announced the appointment of Andy Hughes as Chief Operating Officer and granted him 170,000 share options under the company's Long-Term Incentive Plan. The options are divided into two tranches: 70,000 options vesting on March 31, 2028, with an exercise price of £15.03, and 100,000 options vesting on March 31, 2029, with an exercise price of £13.60. These options are subject to performance targets set by the Remuneration Committee. Following this grant, Hughes holds options over 1.0% of the company's issued share capital. The company now has options outstanding over a total of 1,913,956 ordinary shares, representing 11.2% of the current issued share capital.
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Yü Group (AIM: YU.), the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK SME sector, announces the appointment of Andy Hughes as Chief Operating Officer. Andy joins the group having previously served as CEO of Water Plus and Director of Operations at Severn Trent.
The Company also announces the grant of 170,000 new share options ("LTIP Options") to Andy Hughes under the Company's Long-Term Incentive Plan ("LTIP"),
LTIP Awards:
Andy Hughes has today been granted 170,000 share options (the "Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") under the Group's Long-Term Performance Share Plan. The Options consist of two tranches:
| Award | # Options | Vest date | Exercise Price |
|---|---|---|---|
| Tranche 1 | 70,000 | 31 March 2028 | £15.03 |
| Tranche 2 | 100,000 | 31 March 2029 | £13.60 |
The Options are subject to the achievement of performance targets set by the Remuneration Committee and approved by the Board. If performance is below a qualifying level, then no options shall vest. The Options will vest at 25% to 100% between the qualifying level and a stretch target. The Options shall fully vest if the stretch targets on all performance conditions are met. Following this grant, Andy Hughes has Options over 170,000 shares, representing 1.0% of the Company's current issued share capital.
Following today's amendments, the Company currently has options outstanding over a total of 1,913,956 Ordinary Shares, representing 11.2% of the Company's current issued share capital.
| Yü Group PLC Bobby Kalar Andy Simpson | +44 (0) 115 975 8258 | |
| Panmure Liberum Bidhi Bhoma Edward Mansfield Satbir Kler Gaya Bhatt | +44 (0) 20 3100 2000 | |
| a) | Name | Andy Hughes |
| 2. | Reason for notification | |
| a) | Position / status | Chief Operating 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 70,000 2. 1,360p exercise price 100,000 |
| f) | Aggregated information - Aggregated volume - Price | n/a n/a |
| g) | Date of the transaction | 10 October 2025 |
| h) | Place of the transaction | Outside a trading venue - grant of options |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.