Brief: Yellow Cake Announcing Share Placing To Raise About $125 Mln

Natsional'naya Atomnaya Kompaniya Kazatomprom AO

27/09/2023 18:22

Sept 27 (Reuters) - Yellow Cake PLC  YCA.L :
    * PROPOSED PURCHASE OF URANIUM AND PLACING
    * TO RAISE GROSS PROCEEDS OF UP TO APPROXIMATELY US$125
MILLION
    * ORDINARY SHARES WILL BE PLACED AT FIXED PRICE OF £5.50 PER
PLACING SHARE
    * PRIMARILY INTENDS TO USE PROCEEDS OF PLACING TO FUND
KAZATOMPROM
PURCHASE
    * CONTINUE TO HAVE CONFIDENCE IN LONG-TERM OUTLOOK FOR
URANIUM
    * BELIEVE NOW IS RIGHT TIME TO TAKE UP OUR 2023 OPTION WITH
KAZATOMPROM IN FULL
    * OPTION ALLOWS CO TO PURCHASE UP TO US$100 MILLION OF
URANIUM
EVERY YEAR UNTIL 2027

Source text for Eikon:  ID:nRSa9024Na 
Further company coverage:  YCA.L 

 ((Reuters.Briefs@thomsonreuters.com;))