19 May 2022

Yü Group PLC

("Yü Group" or the "Group")

Director Dealing, Grant and Exercise of Options and Issue of Equity

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announces that Paul Rawson, Chief Financial Officer of the Company, has exercised options over 250,000 ordinary shares of 0.5 p each ("Ordinary Shares") in the Company, at an exercise price of 0.5 p each ("Options").

The Company also announces the grant of 38,308 new share options ("LTIP Options") under the Company's Long-Term Incentive Plan ("LTIP"), to the Group's Digital Marketing and Sales Director, Adam Young.

Exercise of Options

The Options were exercised by Paul Rawson on a cashless basis such that 125,000 of the Ordinary Shares being issued pursuant to the exercise have been sold via the Company's broker at a price of 190 p each. The sale was made to fund the associated tax charge and the transaction costs incurred by Paul Rawson on the exercise of Options.

Of the 125,000 Ordinary Shares retained, Paul Rawson has confirmed his intention to transfer approximately 45,000 shares in his name to his partner, which will be retained in her Individual Saving Account ("ISA"). These shares will be transferred from Paul Rawson at the market price at the time of completion of the trade.   

Following this transaction, Paul Rawson will be the beneficial holder of 158,503 Ordinary Shares in the Company, representing 0.96 per cent. of the Company's total issued share capital.

Issue of Equity, Admission and Total Voting Rights

The 250,000 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 or around 24 May 2022.

Following this admission, the Group's share capital and total voting rights will comprise 16,566,215 ordinary shares of 0.5p each. The Group does not hold any shares in treasury. Consequently, 16,566,215 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.

Grant of New LTIP Options

The vesting of LTIP Options issued under the LTIP is linked to the performance of the participants, the Group, and the Group's share prices over pre-established dates. The LTIP has in-built safeguards against temporarily aberrant share-price behaviour.

The award to Adam Young comprises 12,769 LTIP Options under Tranche 1 and 25,539 under Tranche 2.

The actual level of vesting of this award will be determined by the average share price over the 20 consecutive trading days following the announcement of the 2022 (for Tranche 1) and 2023 (for Tranche 2) Group results.  During this period the average share price must be equal to, or exceed, 200p for Tranche 1 and 250p for Tranche 2 to achieve a 50% vesting. A share price below those levels will result in no options being vested for that tranche. If the average share price is at, or above, 500p (Tranche 1) or 625p (Tranche 2) then 100% of the options will vest.

Following this award and the exercise and issuance of new shares as referenced above, 5.33 per cent. of the Company's share capital will be held under option.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.  Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

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Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR)