REG - Yellow Cake PLC - Exercise of Share Options

Yellow CakeAnnouncement

20/07/2023 07:00

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RNS Number : 5807G  Yellow Cake PLC  20 July 2023

20 July 2023

 

Yellow Cake plc ("Yellow Cake" or the "Company")

Exercise of Share Options

 

Yellow Cake plc (the "Company"), announces that on 19 July 2023 Carole
Whittall, Chief Financial Officer and an executive director of the Company,
acquired 20,362 ordinary shares in the Company ("Shares") following the
exercise and net settlement of her options over 62,609 Shares on 19 July 2023
granted under the Rules of the Yellow Cake plc Share Option Plan 2019. The
option exercise is being satisfied by way of a transfer of shares currently
held by the Company as treasury shares.

The share options were granted on 8 July 2020 as long-term incentive options
with a vesting date of 8 July 2023. Further detail on the share options
granted can be seen in the Company's 2021 and 2022 Annual Reports.

Details of the options and the resultant shareholdings are set out below:

 PDMR             Position                 Exercise of Options granted on 8 July 2020  Shares acquired following exercise and net settlement  Resultant total number of Shares owned*
 Carole Whittall  Chief Financial Officer  62,609                                      20,362                                                 101,966

(*) Includes previous direct share purchases.

 

The following disclosures are made in accordance with Article 19 of the UK
Market Abuse Regulation 596/2014 as it forms part of UK law.

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Carole Whittall
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification /Amendment                              Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Yellow Cake plc
 b)  LEI                                                          213800CVMYUGOA9EZY95
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares

     Identification code

                                                                  ISIN Code  JE00BF50RG45
 b)  Nature of the transaction                                    Exercise of Options granted on 8 July 2020 under the Yellow Cake plc Share
                                                                  Option Plan 2019
 c)  Price(s) and volume(s)

Price(s)                              Volume(s)
                                                                  Exercise price - 288 pence per Share  62,609
 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                            Total

                                                            £143,954         62,609            £180,314

     - Price

 e)  Date of the transaction                                      2023-07-19
 f)  Place of the transaction                                     Outside a trading venue
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares

     Identification code

                                                                  ISIN Code JE00BF50RG45
 b)  Nature of the transaction                                    Acquisition of ordinary shares following the exercise of options granted on 8
                                                                  July 2020 under the Yellow Cake plc Share Option Plan 2019 and net-settled
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  Nil       20,362
 d)  Aggregated information

Aggregate Price  Aggregate Volume  Aggregate

     - Aggregated volume                                                            Total

                                                            Nil              20,362            Nil

     - Price

 e)  Date of the transaction                                      2023-07-19
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 £143,954         62,609            £180,314

e)

Date of the transaction

2023-07-19

f)

Place of the transaction

Outside a trading venue

4

Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares

 

ISIN Code JE00BF50RG45

b)

Nature of the transaction

Acquisition of ordinary shares following the exercise of options granted on 8
July 2020 under the Yellow Cake plc Share Option Plan 2019 and net-settled

c)

Price(s) and volume(s)

 

 Price(s)  Volume(s)
 Nil       20,362

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 Aggregate Price  Aggregate Volume  Aggregate

                                    Total
 Nil              20,362            Nil

e)

Date of the transaction

2023-07-19

f)

Place of the transaction

Outside a trading venue

 

 

ENQUIRIES:

 Yellow Cake plc
 Andre Liebenberg, CEO                Carole Whittall, CFO
 Tel: +44 (0) 153 488 5200
 Nominated Adviser and Joint Broker: Canaccord Genuity Limited
 Henry Fitzgerald-O'Connor            James Asensio
 Gordon Hamilton

 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: Powerscourt
 Peter Ogden                          Molly Melville
 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 seeks 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. Yellow Cake currently holds 18.81
million pounds of U(3)O(8), all of which is held in storage in Canada and
France.

 

FORWARD LOOKING STATEMENTS

Certain statements contained herein are forward looking statements and are
based on current expectations, estimates and projections about the potential
returns of the Company and the industry and markets in which the Company will
operate, the Directors' beliefs and assumptions made by the Directors. Words
such as "expects", "anticipates", "should", "intends", "plans", "believes",
"seeks", "estimates", "projects", "pipeline", "aims", "may", "targets",
"would", "could" and variations of such words and similar expressions are
intended to identify such forward looking statements and expectations. These
statements are not guarantees of future performance or the ability to identify
and consummate investments and involve certain risks, uncertainties and
assumptions that are difficult to predict, qualify or quantify. Therefore,
actual outcomes and results may differ materially from what is expressed in
such forward looking statements or expectations. Among the factors that could
cause actual results to differ materially are: uranium price volatility,
difficulty in sourcing opportunities to buy or sell U(3)O(8), foreign exchange
rates, changes in political and economic conditions, competition from other
energy sources, nuclear accident, loss of key personnel or termination of the
services agreement with 308 Services Limited, changes in the legal or
regulatory environment, insolvency of counterparties to the Company's material
contracts or breach of such material contracts by such counterparties. These
forward-looking statements speak only as at the date of this announcement. The
Company expressly disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward looking statements contained herein to
reflect any change in the Company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements are
based unless required to do so by applicable law or the AIM Rules.

 

 

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