OREANDA-NEWS. March 16, 2016. London Stock Exchange plc ("London Stock Exchange") has not examined or approved the contents of this announcement. This announcement is not an admission document or a prospectus. It does not constitute or form part of, and should not be construed as, an offer to sell or issue, or a solicitation of any offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the admission document (the "Admission Document") to be published by Yu? Group PLC ("Yu? Energy" or the "Company" and, together with its subsidiaries, the "Group") in due course in connection with the proposed application for admission of the Ordinary Shares in the capital of the Company ("Ordinary Shares") to trading on AIM, a market operated by London Stock Exchange. Copies of the Admission Document will, following publication, be available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company's website at www.yugroupplc.com.

Further to its Intention to Float announcement of 29 February 2016, Y Energy, an independent supplier of gas and electricity focused on servicing small and medium enterprises ("SMEs") throughout the UK, announces today the pricing of its Initial Public Offering following a significantly over-subscribed Placing with institutional investors. Shore Capital is acting as Nominated Adviser and sole Broker.

Placing Highlights

·     The placing price has been set at 185p per ordinary share

·     Number of Ordinary Shares in issue immediately prior to the Placing of 10,000,000

·     Number of placing shares being offered pursuant to the Placing of 5,405,406 comprising:

o  4,054,055 new shares

o  1,351,351 sale shares

·     Number of Ordinary Shares at Admission of 14,054,055

·     The Group's market capitalisation on Admission will be ?26 million

·     The gross proceeds received by the Company will be 7.5 million

·     Total Placing, including the share sale, 10 million

·     Admission and trading on AIM is expected to take place on Thursday 17 March 2016

Bobby Kalar, Chief Executive Officer of Y Energy commented:

"We have been delighted with the level of support from institutional investors and look forward to welcoming them as shareholders. The Placing was significantly over-subscribed which speaks volumes about the quality of business we have built, especially given current market conditions.

"The funds being raised will enable us to accelerate our growth and provide an increasing number of SME's the energy they need at the right price and with the level of service that they deserve.

"I would like to thank all of our employees whose hard work has enabled us to reach this point and the success of this IPO does them all great credit. Together, we look forward to becoming a publicly listed company and creating value for all of our stakeholders."