Business
Grant of Share Options
Grant of Share Options.
About this update from Yu Group Plc
[{"type":"text","content":"\n\n18 March 2025\nYü Group PLC\n(\"Yü Group\", the \"Company\" or the \"Group\")\n \nGrant of share options\n \nYü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, announces the grant of 420,000 share options (the \"Options\") over ordinary shares of 0.5 pence each (\"Ordinary Shares\") to five persons discharging managerial responsibilities (\"PDMRs\"), under the Group's Long-Term Performance Share Plan. The Options have an exercise price of 1,503p per Option, being equal to the weighted average price over the 5 days prior to the finalisation of the targets by the Company's Remuneration Committee, and vest on 31 March 2028.\n \nThe options are subject to the achievement of performance targets related to profit, revenue and smart meter growth, which are assessed over the performance period between 2025 to 2027. If performance is below a qualifying level, then no options shall vest. Options will vest at 50% to 100% between the qualifying level and a stretch target, and shall fully vest if the stretch targets on all performance conditions are met.\n \nThe 420,000 Options have been granted to the PDMRs as follows:\n \n\n\n\n\nDirector/PDMR\n\n\nExisting options over Ordinary Shares held\n\n\nNumber of Options granted\n\n\nTotal options held following grant\n\n\n% of current issued share capital held under options\n\n\n\n\nBobby Kalar, CEO\n\n\n567,062\n\n\n140,000\n\n\n707,062\n\n\n4.15%\n\n\n\n\nPaul Rawson, CFO\n\n\n194,894\n\n\n100,000\n\n\n294,894\n\n\n1.73%\n\n\n\n\nNavaz Dean, Group HR Director1\n\n\n107,894\n\n\n60,000\n\n\n167,894\n\n\n0.99%\n\n\n\n\nDavid Crowe, MD Yü Energy\n\n\n132,894\n\n\n60,000\n\n\n192,894\n\n\n1.13%\n\n\n\n\nGary Proctor, MD Yü Smart\n\n\n30,000\n\n\n60,000\n\n\n90,000\n\n\n0.53%\n\n\n\n\n \nFollowing today's grant of Options, the Company currently has options outstanding over a total of 1,584,681 Ordinary Shares, representing 9.31% of the Company's current issued share capital.\n \nThe FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation are appended further below.\n \n \n1 A person closely related to Navaz Dean has options over a further 7,894 shares.\n \n- Ends -\n \n\n\n\n\nYü Group PLC\nBobby Kalar\nPaul R...