REG - Yellow Cake PLC - Results of 2025 Annual General Meeting

Yellow CakeAnnouncement

04/09/2025 10:45

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RNS Number : 0454Y  Yellow Cake PLC  04 September 2025

4 September 2025

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

Results of 2025 Annual 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 Annual General Meeting of the Company held on 4 September
2025 ("AGM" or the "Meeting") all resolutions were duly passed. Resolutions
1-12 were passed as ordinary resolutions and resolutions 13 and 14 were passed
as special resolutions.

The full text of the resolutions passed at the Meeting can be found in the
Notice of Annual 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   Annual Report and Accounts                                    117,331,151  100.0  61,641         0.1   117,392,792               54.1                                   2,481,748
 2   Re-appoint Anthony Tudor St John, The Lord St John of Bletso  105,716,946  89.9   11,834,100     10.1  117,551,046               54.2                                   2,323,494
 3   Re-appoint Andre Liebenberg                                   110,780,144  94.2   6,773,137      5.8   117,553,281               54.2                                   2,321,259
 4   Re-appoint Carole Whittall                                    110,778,409  94.2   6,774,886      5.8   117,553,295               54.2                                   2,321,245
 5   Re-appoint Sofia Bianchi                                      116,023,024  98.7   1,530,270      1.3   117,553,294               54.2                                   2,321,245
 6   Re-appoint Alexander Downer                                   110,233,657  93.8   7,321,123      6.2   117,554,780               54.2                                   2,319,759
 7   Re-appoint Alan Rule                                          116,879,747  99.4   675,016        0.6   117,554,763               54.2                                   2,319,776
 8   Re-appoint Zoe Rizzuto                                        117,102,552  99.6   450,726        0.4   117,553,278               54.2                                   2,321,262
 9   Re-appoint auditor                                            117,535,667  100.0  29,970         0.0   117,565,637               54.2                                   2,308,903
 10  Auditor's remuneration                                        117,405,145  99.9   166,453        0.1   117,571,598               54.2                                   2,302,942
 11  Approve directors' remuneration report                        109,569,540  93.3   7,836,395      6.7   117,405,935               54.1                                   2,468,605
 12  Authority to allot shares                                     98,893,583   84.1   18,668,850     15.9  117,562,433               54.2                                   2,312,107
 13  Disapply pre-emption rights                                   91,375,233   80.2   22,605,940     19.8  113,981,173               52.6                                   5,893,367
 14  Authority to purchase own shares                              117,549,656  100.0  9,662          0.0   117,559,318               54.2                                   2,315,222

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 2 September 2025 being
the date used to determine the entitlement of shareholders to attend and vote
at the Annual General Meeting, the Company's issued share capital was
221,440,730 Ordinary Shares, the number of Ordinary Shares held in treasury
was 4,584,283 and the total voting rights in the Company were therefore
216,856,447.

 

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                              Jade Sampayo
 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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