Yu Group PLC Result of GM (4272Z)
May 26 2016 - 6:23AM
UK Regulatory
TIDMYU.
RNS Number : 4272Z
Yu Group PLC
26 May 2016
26 May 2016
Yü Group PLC
(the "Company")
Result of GM
The Company is pleased to announce that at its general meeting
("GM") held today, resolutions were passed approving the Capital
Reduction, conditional upon approval by the Companies Court of the
Chancery Division in the High Court of Justice (the "Court").
As set out in the Circular, the Court date has been set for 22
June 2016. In the event that approval by the Court is granted,
registration of the Court order with the Registrar of Companies
will follow, with the Capital Reduction expected to become
effective on 23 June 2016. As a result, the Company will have
positive distributable reserves which will facilitate the Company's
ability to make future payments of dividends as appropriate.
Terms used in this announcement shall have the meanings given to
them in the Company's circular dated 29 April 2016 unless otherwise
specified.
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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