REG - Yellow Cake PLC - Board Change
25/07/2025 07:00
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RNS Number : 5132S Yellow Cake PLC 25 July 2025
25 July 2025
Yellow Cake plc ("Yellow Cake" or the "Company" or "Group")
Board Change
Yellow Cake, a specialist Group operating in the uranium sector, holding
physical uranium ("U(3)O(8)") for the long term and engaged in uranium-related
commercial activities, is pleased to confirm the appointment of Zoe Rizzuto as
an independent non-executive director with effect from 25 July 2025.
Zoe Rizzuto is an Executive Director at Langham Hall Fund Management (Jersey)
Limited, having joined the firm in August 2014. She brings over 25 years of
experience in Jersey's financial services industry. Ms Rizzuto holds
board-level responsibility for the fund administration business in Jersey and
has overseen all departments within Langham Hall Jersey during her tenure.
Ms Rizzuto has extensive expertise in both private client services and fund
administration, with over a decade spent in senior roles across these areas.
She has worked with a diverse range of clients, structures, assets, and
jurisdictions.
She currently serves on the boards of several regulated and unregulated Jersey
vehicles, managing a wide variety of assets, including residential and
commercial property, investment portfolios, and debt structures. Ms Rizzuto is
approved to act as a key person by the Jersey Financial Services Commission.
Ms Rizzuto is a Chartered Secretary and an Associate of The Chartered
Governance Institute.
Ms Rizzuto's appointment follows the resignation of Claire Brazenall as an
independent non-executive director with effect from 25 July 2025. The Board
would like to take this opportunity to express its sincere gratitude to Claire
for her significant contribution to Yellow Cake.
Further information in relation to the Director appointment
Zoe Rizzuto
Zoe Rizzuto is an Executive Director at Langham Hall Fund Management (Jersey)
Limited. Langham Hall provides administration services to the Group, which
will include the services of Ms Rizzuto. The Board acknowledges the
potential impairment of Ms Rizzuto's independence owing to its business
relationship with Langham Hall, as outlined in provision 10 of the UK
Corporate Governance Code (which the Company elects to comply with insofar as
appropriate given the Group's size, business and resources).
The Board nevertheless regards Ms Rizzuto as an independent non-executive
director and undertook a rigorous evaluation to reach this conclusion. Ms
Rizzuto did not participate in her own assessment.
Ms Rizzuto brings valuable expertise, particularly in governance, compliance,
and the Jersey regulatory environment, along with extensive knowledge of asset
management and administration. Her insights are expected to enhance Board
discussions and provide objective scrutiny and constructive challenge to both
management and fellow directors.
In addition, the Group's business relationship with Langham Hall is not
considered material. Langham Hall has multiple similar relationships and Ms
Rizzuto does not directly benefit from any fees paid by the Group to Langham
Hall. No element of her compensation from Langham Hall is tied to her role as
a director of Yellow Cake.
Ms Rizzuto will not serve on the Company's audit, remuneration, or nomination
committees.
Zoe Amy Rizzuto (aged 48) has held the following directorships and/or
partnerships in the past five years:
Current directorships or partnerships Previous directorships or partnerships
Dove GP Limited Aeon Capital investments GP Jersey Limited
Paloma GP I Limited ALW Value Investors Asia II GP Limited
Paloma GP II Limited ALW Value Investors Asia III GP Limited
Paloma III GP Limited VIA 111 Value Investors (Jersey) I Trustee Limited
Patron Capital GP V Limited ALW VIA III AIV GP Limited
Patron Capital GP VI Limited ASF UK (Trustee) Limited
Patron Capital GP VII Limited Cornbrook Manchester Limited
Patron Provincie Holdings Limited Vox OPCO Limited
Patron Provincie Limited Landmark Manchester Limited
Prime London Residential Development Jersey GP Limited Manchester Landmark Investment Ltd
Prime London Residential Development Jersey Holding Limited Baumont Co-Invest General Partner Limited
Prime London Residential Development Jersey Master Holding Limited Cordatus Real Estate (Jersey) GP Limited
Prime London Residential Development Jersey II GP Limited Cordatus Real Estate Trustee Company Limited
Prime London Residential Development Jersey II Holding Limited Cordatus Jersey Nominee I Limited
Prime London Residential Development Jersey II Master Holding Limited DV4 Properties Orchard Brae co. Limited
Savills IM Single Asset Vehicle Fund ICC EHP MidCo Limited
Signal Credit GP Limited EHP BottomCo Limited
Signal Capital Partners (Jersey) Holdco Limited EHP Propco 1 Limited
Signal RE GP Limited EHP (GP) Limited
Signal Alpha II GP Limited Elevation Managers GP Limited
Signal Alpha Management Limited EHP 2 (GP) Limited
Signal Alpha III GP Limited EHP Co-invest GP Limited
Yoo Capital Fund II GP Limited EHP 3 (GP) Limited
Langham Hall Fund Management (Jersey) Limited 55 Plus Ltd
LHJ Nominees 1 Limited Alum BidCo II Limited
LHJ Nominees 2 Limited Hailsham House (New Road) Limited
LHJ Secretaries Limited Kettlewell House Limited
LHJ Trustees Limited Liss Developments Limited
EHP (Buckingham) Limited
EHP BottomCo II Limited
Tanglewood (Propco) Limited
Tanglewood Care Homes Limited
Tanglewood (Lincolnshire) Limited
Tanglewood Properties (Lincolnshire) Limited
EHP (Liss) Limited
Berkley Care (Warwick) Limited
EHP (Louth) Limited
EHP II GP Limited
Augusta Real Estate Limited
AUG Limited
LISTA Limited
Lutetia Limited
BOB Limited
LOB Limited
HEREF Warwick Limited
HEREF Fareham Limited
Huris (Swindon) Limited
Huris (Thames Park) Limited
CL Mersey Holding Limited
WH 101 Old Hall Street Limited
CL Mersey Holding II Limited
CL Selby Holdings Limited
CL Abbey Limited
Picture Living unitholder Ltd
Picture Living Trustee 1 Ltd
Savills Investment Management (Jersey) Limited
Savills Investment Management (Jersey) Limited
Signal Capital Group Holdings Limited
Signal Credit GP Limited
Signal Credit Team GP Limited
Signal Capital Partners (Jersey) Holdco Limited
Signal Holdco GP Limited
Signal RE GP Limited
Signal Real Estate Team GP Limited
Signal Alpha II GP Limited
Signal Alpha II CIP GP Limited
Signal Alpha II CIP Team GP Limited
Signal Alpha II Finco Limited
Signal Alpha II Credit Holdco Limited
Stein Holdco Limited
Signal Alpha Jersey MC Limited
Stein Bidco Limited
SLF 2 Limited
SLF 3 Limited
Signal Alpha C4 Limited
Signal Alpha LL1 Limited
Signal Alpha III GP Limited
Signal Alpha III CIP GP Limited
Signal Alpha III CIP Team GP Limited
Signal Alpha III Finco Limited
Signal Alpha LL2 Limited
SCP (Jersey) MW Limited
Signal RH I Limited
Signal RP II Limited
Signal RH II Limited
Signal RP II Limited
Vanbrugh Prime Property Growth Fund Limited
Vanbrugh PPG GP Limited
Vanbrugh Prime Property Growth Fund (Parallel) Limited
Vanbrugh Mayfair Limited
VREOP (Unitholder) Limited
VREOP (Feeder I) Limited
Wainbridge Global Opportunities London Limited
YCF II Holdings Limited
YC SBM Holdings Limited
YCF II Shaftesbury Limited
YC CFQ Holdings Limited
YC CFQ Ltd
Savills Investment Management (Jersey) Limited
SCP Jersey CLO IG Limited
Zoe Rizzuto was a director of Vanbrugh Prime Property Growth Fund Limited,
Vanbrugh Mayfair Limited, Vanbrugh Prime Property Growth Fund (Parallel)
Limited, Vanbrugh PPG GP Limited (together the "Vanbrugh Companies") when the
Vanbrugh Companies were placed into liquidation on 30 November 2021. The
Vanbrugh Companies were subsequently dissolved following a creditors' winding
up on 5 May 2023.
Other than the information disclosed above, there are no matters to be
disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated by the Market Abuse Regulation
(EU) No.596/2014, as it forms part of UK law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"). Upon the publication of this announcement, this
inside information is now considered to be in the public domain.
ENQUIRIES:
Yellow Cake plc
Andre Liebenberg, CEO Carole Whittall, CFO
Tel: +44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
James Asensio Henry Fitzgerald-O'Connor
Charlie Hammond
Tel: +44 (0) 207 523 8000
Joint Broker: Berenberg
Matthew Armitt Jennifer Lee
Detlir Elezi
Tel: +44 (0) 203 207 7800
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus Richard Allan
Tel: +44 (0) 203 848 1640
Communications Adviser: Sodali & Co
Peter Ogden
Tel: +44 (0) 7793 858 211
ABOUT YELLOW CAKE
Yellow Cake is a London-quoted company, headquartered in Jersey, which offers
exposure to the uranium spot price. This is achieved through its strategy of
buying and holding physical triuranium octoxide ("U(3)O(8)"). It may also seek
to add value through other uranium-related activities. Yellow Cake and its
wholly owned subsidiary (the "Group") seek to generate returns for
shareholders through the appreciation of the value of its holding of U(3)O(8)
and its other uranium-related activities in a rising uranium price
environment. The business is differentiated from its peers by its ten-year
Framework Agreement for the supply of U(3)O(8) with Kazatomprom, the world's
largest uranium producer. The Group currently holds 21.68 million pounds of
U(3)O(8), all of which is held in storage in Canada and France.
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