Business
Grant of Options
Grant of Options.
About this update from Yu Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6412A\n Yu Group PLC\n 03 June 2021\n \n \n \n 3 June 2021\n Yü Group PLC\n (the \"Group\")\n Grant of Options\n \n Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announces the grant of 76,616 share options (\"Options\") under the Company's Long-Term Incentive Plan (\"LTIP\"), to the recently appointed Commercial & Digital Transformation Director, Jason Prothero.\n Vesting of the LTIP options 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.\n The potential 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 2023 Group results in or around March 2024. During this period the average share price must be equal to, or exceed, 250p to achieve a 50% vesting. A share price below 250p will result in no options being vested. If the average share price is at, or above, 625p then 100% of the options will vest.\n \n Following this award 8.16% of the Company's total issued share capital will be held under option.\n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n Yü Group PLC\n \n \n Bobby Kalar\n \n \n Paul Rawson\n \n \n \n \n \n \n \n +44 (0) 115 975 8258\n \n \n \n \n \n \n \n \n \n SP Angel Corporate Finance LLP\n \n \n Jeff Keating\n \n \n Bruce Fraser\n \n \n Caroline Rowe\n \n \n \n \n \n \n \n +44 (0) 20 3470 0470\n \n \n \n \n \n \n Tulchan Group\n \n \n David Allchurch\n \n \n Giles Kernick\n \n \n \n \n \n \n \n +44 (0) 20 7353 4200\n \n \n \n \n \n \n \n \n \n \n \n \nPursuant 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)NameJason Prothero2.Details of PDMR / person closely associated with them ('PCA')a)Position / statusCommercial & Digital Transformation Directorb)Initial notification / amendmentInitial notification3.Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)NameYü Group PLCb)LEI213800ACO9GDDBM7DS354.Details of the ...