Business
Director Dealing, Grant and Exercise of Options
Director Dealing, Grant and Exercise of Options.
About this update from Yu Group Plc
[{"type":"text","content":"\n \n \n 19 May 2022\n \n \n Yü Group PLC\n \n \n (\"Yü Group\" or the \"Group\")\n \n \n \n \n \n \n Director Dealing, Grant and Exercise of Options and Issue of Equity\n \n \n \n \n \n \n \n \n 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\").\n \n \n \n \n \n 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.\n \n \n \n \n \n \n Exercise of Options\n \n \n \n \n \n \n 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\n 190 p each. The sale was made to fund the\n associated tax charge and the transaction costs incurred by Paul Rawson on the exercise of Options.\n \n \n \n \n \n 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. \n \n \n \n \n \n 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.\n \n \n \n \n \n \n Issue of Equity, Admission and Total Voting Rights\n \n \n \n \n \n \n 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.\n \n \n Following this admission, the Group's share capital and total voting rights will comprise\n 16,566,215\n ordinary shares of 0.5p each. The Group does not hold any shares in treasury. Consequently,\n 16,566,215\n is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if...