YU. Yu Group Plc

TIDMYU.

RNS Number : 0565C

Yu Group PLC

23 June 2016

23 June 2016

Yü Group PLC

(the "Company")

Capital Reduction Effective

Yü Group PLC is pleased to announce that, further to its announcements on 9 and 26 May 2016, the cancellation of the Company's share premium account became effective on 22 June following registration of the Court order confirming the capital reduction by the Registrar of Companies.

The Company now has positive distributable reserves and is therefore in a position to be able to pay dividends in future, should it be appropriate to do so.

For further information, please contact:

 
Yü Group PLC 
 Bobby Kalar 
 Nick Parker        +44 (0) 115 975 8258 
Shore Capital 
 Bidhi Bhoma 
 Edward Mansfield 
 Anita Ghanekar     +44 (0) 20 7408 4090 
 
Alma PR 
 Josh Royston         +44 (0) 7780 901 979 
 Hilary Buchanan      +44 (0) 7515 805 218 
 John Coles           +44 (0) 7836 273 660 
 

Notes to Editors

Information on the Group

Yü Energy is an independent supplier of gas and electricity focused on servicing larger corporate and SME businesses throughout the UK. It has no involvement in the domestic retail market. The Group was founded by Bobby Kalar and is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 23, 2016 04:00 ET (08:00 GMT)

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