REG - Yellow Cake PLC - Results of 2022 General Meeting

Yellow CakeAnnouncement

27/01/2022 11:45

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RNS Number : 8766Z  Yellow Cake PLC  27 January 2022

27 January 2022

 

 

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

Results of 2022 General Meeting

 

Yellow Cake, a specialist company operating in the uranium sector with a view
to holding physical uranium ("U(3)O(8)") for the long term, is pleased to
announce that at the General Meeting of the Company held on 27 January 2022
("GM" or the "Meeting") all resolutions were duly passed. Resolution 1 was
passed as an ordinary resolution and resolution 2 was passed as a special
resolution.

The full text of both resolutions passed at the Meeting can be found in the
Notice of General Meeting, which is available on the Company's website at
www.yellowcakeplc.com.

The following table shows the votes cast on each resolution:

                                   VOTES FOR   %      VOTES AGAINST  %     TOTAL VOTES VALIDLY CAST  % OF SHARE CAPITAL WITH VOTING RIGHTS  VOTES WITHHELD

 1    Authority to allot shares    87,491,524  99.99  1,750          0.01  87,493,274                47.64                                  10,867
 2    Disapply pre-emption rights  87,487,584  99.99  11,561         0.01  87,499,145                47.64                                  4,996

 

Notes:

(1)        A vote withheld is not a vote in law and is not counted in
the calculation of votes for or against a resolution.

(2)      As at close of business on 6 January 2022, being the date used to
determine the entitlement of shareholders to attend and vote at the General
Meeting, the Company's issued share capital was  187,740,730 Ordinary Shares,
the number of Ordinary Shares held in treasury was 4,069,498 and the total
voting rights in the Company were therefore 183,671,232.

 

 

Enquiries:

 

 Yellow Cake plc
 Andre Liebenberg, CEO                                          Carole Whittall, CFO
 +44 (0) 153 488 5200

 Nominated Adviser and Joint Broker: Canaccord Genuity Limited
 Henry Fitzgerald-O'Connor                                      James Asensio
 Georgina McCooke
 + 44 (0) 207 523 8000

 Joint Broker: Berenberg
 Matthew Armitt                                                 Jennifer Wyllie
 Varun Talwar                                                   Detlir Elezi
 Tel: +44 (0) 203 207 7800

 Financial Adviser: Bacchus Capital Advisers
 Peter Bacchus                                                  Richard Allan
 Tel: +44 (0) 203 848 1640

 Media/Investor Relations: Powerscourt
 Peter Ogden
 +44 (0) 779 3 85 8211

 

 

 

ABOUT YELLOW CAKE

Yellow Cake is a London-listed company founded and established by Bacchus
Capital and 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 the
acquisition of uranium royalties and streams or 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 15.83 million lb of U(3)O(8), all of which is held
in storage in Canada and France.

 

 

 

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