Yü Energy, an independent supplier of gas and electricity to SMEs, today listed on the AIM market of the London Stock Exchange, following an over-subscribed placing. The placing price of 185p per ordinary share valued the company at £26 million.
Bobby Kalar, CEO of Yü Energy commented: “We have been delighted with the level of support from institutional investors and look to welcome 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.”
Seven Hills has worked with Yü Energy on a targeted media relations campaign since early 2016, focused on raising the profile of the company amongst both SMEs and the investor community.