YU GROUP PLC

Board/Management Information • Aug 22, 2018

National Storage Mechanism | Additional information

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RNS Number : 4807Y

Yu Group PLC

22 August 2018

Yü Group PLC

(the "Group" or "Company")

Appointment of Chief Finance Officer

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity to the UK corporate sector, is delighted to announce the appointment of Paul Rawson as Chief Financial Officer ("CFO") with effect from 3rd September 2018.

Paul has a degree in Accountancy and is a qualified Chartered Accountant (ICAEW) with a history in financial and commercial management in high growth businesses. In 2001, after spending 5 years in accountancy and tax advisory roles, he left KPMG to join the energy industry in what is now the Engie Group, where he held various senior financial and general management positions. 

Whilst at Engie Paul was Financial Director responsible for developing and implementing new management information reports to include financial and non-financial KPI's.  He also led the financial and commercial aspects of a £100m investment project to supply energy across the London Olympic Park and concluded a number of energy related M&A transactions. 

Paul was latterly responsible, as Divisional CEO, for energy solutions spanning the retail supply of gas and power to businesses, the provision of low carbon generation, energy Software as a Service and smart building technologies and the launch of a domestic energy retail offer.

Bobby Kalar, Chief Executive of Yü Group, said: "I am delighted that Paul will be joining Yü Group as CFO and look forward to working with him managing and accelerating the Company's rapid growth. Paul's financial and sector experience, together with his operational skill sets, will prove immensely beneficial to the Group as it continues to pursue its growth agenda."

For further information, please contact:

Yü Group PLCBobby Kalar	+44 (0) 115 975 8258
Shore Capital Dru Danford Edward Mansfield Anita Ghanekar James Thomas	+44 (0) 20 7408 4090
Alma PR Josh Royston John Coles Robyn Fisher	+44 (0) 7880 901 979 +44 (0) 7836 273 660 +44 (0) 7540 706 191

Additional Information:

The following information is disclosed under Schedule 2 (g) of the AIM Rules.

i.      Paul Edwin Rawson, 43, is currently a director of:

Power 48 Ltd

ii.    Within the last 5 years, he has also served as a director or been a partner of the following companies:

Association for Decentralised Energy
Birmingham District Energy Company Ltd
Bloomsbury Heat & Power Ltd
C3 Resources Ltd
Cheshire Energy Networks Ltd
Cofathec Energy Ltd
Cofathec Energy PFI Ltd
Cofathec Energy Services Ltd
Colledge Trundle & Hall Ltd
Coventry District Energy Company Ltd
East London Energy Ltd
Ecova, Inc Ltd
Elyo Falcon Ltd
Engie DE Holding Company Ltd
Engie Energy Services UK Ltd
Engie FM Ltd
Engie Gas Ltd
Engie Gas Shipper Ltd
Engie Home Ltd
Engie Power Ltd
Engie Services Ltd
Engie Supply Holding UK Ltd
Engie Urban Energy Group Ltd
Engie Urban Energy Ltd
Excel District Energy Company Ltd
Gower Street Heat & Power Ltd
Industrial Energy Services Ltd
Industrielle De Chauffage Enterprise United Kingdom Ltd
International Power Retail Supply Company (UK) Ltd
IPM Energy Retail Ltd
Leicester District Energy Company Ltd
Power Efficiency Holdings Ltd
Southampton Geothermal Heating Company (the) Ltd

Paul Rawson has confirmed that there is no other additional information to be disclosed under Schedule 2 (g) of the AIM Rules.

Notes to Editors

Information on the Group

Yü Group PLC, trading as 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 listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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