Grant and Confirmation of Share Options
Yü Group PLC has granted 682,000 share options to five individuals discharging managerial responsibilities, with an exercise price of 1,503 pence per option, vesting on March 19, 2029, contingent on weighted performance targets for profitability, growth, cash, and meter installations between 2026 and 2028. Previously granted options over 348,000 ordinary shares have been varied to align with these vesting dates and performance conditions, and 22,222 options held by a non-executive director have been cancelled. Following these adjustments, the company currently has options outstanding over 1,972,849 ordinary shares, representing 11.46% of its issued share capital.
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Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity, and meter asset owner and installer of smart meters, announces the grant of 682,000 share options (the "Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to five people discharging managerial responsibilities ("PDMRs"). The options have an exercise price 1,503p per Option and vest on 19 March 2029.
The Options are subject to the achievement of weighted performance targets related to profitability, growth, cash and meter installations achieved over the performance period between 2026 and 2028. If performance is below the specific target, then a weighted proportion of the Option will not vest. If all performance targets are achieved the Options will fully vest.
In order to align to the Group's revised strategic plan, previously granted options over 348,000 Ordinary Shares have also been varied so they vest on the same date (19 March 2029) and carry the same performance conditions as the newly granted Options. In addition, 22,222 options previously awarded to Paul Rawson, a non-executive director, have been agreed to be cancelled.
Following the grant of the Options, PDMRs hold the following options:
| Director / PDMR | Existing options over Ordinary Shares held | Number of Options granted / cancelled | Total options held following grant | % of current issued share capital held under options |
|---|---|---|---|---|
| Bobby Kalar, CEO | 397,894 | 360,000 | 757,894 | 4.40% |
| Andy Simpson, CFO | 238,000 | 172,000 | 410,000 | 2.38% |
| Navaz Dean, Group HR Director 1 | 60,000 | 70,000 | 130,000 | 0.76% |
| Andy Hughes, COO | 170,000 | 80,000 | 250,000 | 1.45% |
| Paul Rawson, Non-Executive Director | 209,222 | (22,222) | 187,000 | 1.09% |
Following today's grant of Options and cancellation, the Company currently has options outstanding over a total of 1,972,849 Ordinary Shares, representing 11.46% of the Company's current issued share capital.
The FCA notifications, made in accordance with the requirement of the UK Market Abuse Regulation are appended further below.
Note:
- A person closely related to Navaz Dean has been granted options over a further 90,000 shares.
| a) | Name | Bobby Kalar | ||||
| 2. | Reason for notification | |||||
| a) | Position / status | CEO | ||||
| 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) |
| ||||
| f) | Aggregated information Aggregated volume Price | 360,000 options at 1,503 pence | ||||
| g) | Date of the transaction | 14 April 2026 | ||||
| h) | Place of the transaction | XLON |
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR):
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |||||
| a) | Name | Andy Simpson | ||||
| 2. | Reason for notification | |||||
| a) | Position / status | CFO | ||||
| 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) |
| ||||
| f) | Aggregated information Aggregated volume Price | 172,000 options at 1,503 pence | ||||
| g) | Date of the transaction | 14 April 2026 | ||||
| h) | Place of the transaction | XLON |
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR):
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |||||||
| a) | Name | Navaz Dean and PCA | ||||||
| 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) |
| ||||||
| f) | Aggregated information Aggregated volume Price | 160,000 options at 1,503 pence | ||||||
| g) | Date of the transaction | 14 April 2026 | ||||||
| h) | Place of the transaction | XLON |
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR):
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |||||
| a) | Name | Andy Hughes | ||||
| 2. | Reason for notification | |||||
| a) | Position / status | COO | ||||
| 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) |
| ||||
| f) | Aggregated information Aggregated volume Price | 80,000 options at 1,503 pence | ||||
| g) | Date of the transaction | 14 April 2026 | ||||
| h) | Place of the transaction | XLON |
Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR):
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Paul Rawson |
| 2. | Reason for notification | |
| a) | Position / status | NED |
| 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 | Cancellation of share options |
| e) | Price(s) and volume(s) | Price Volume N/A 22,222 |
| f) | Aggregated information Aggregated volume Price | 22,222 options cancelled |
| g) | Date of the transaction | 14 April 2026 |
| h) | Place of the transaction | XLON |
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