REG - Yellow Cake PLC - Transaction in Own Shares

Yellow CakeAnnouncement

29/04/2022 07:00

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RNS Number : 7850J  Yellow Cake PLC  29 April 2022

29 April 2022

 

 

 

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

 

Transaction in Own Shares

 

Yellow Cake, a specialist company operating in the uranium sector with a view
to holding physical uranium for the long term, announces that, on 28 April
2022, it purchased 100,000 ordinary shares of £0.01 each in the Company (the
"Shares") on the London Stock Exchange through Canaccord Genuity Limited, in
accordance with the terms of its share buyback programme announced on 4 April
2022 (the "Programme"). The Shares acquired will be held in treasury.

 

 Date of purchase:                                                28 April 2022
 Aggregate number of ordinary shares purchased:                   100,000
 Lowest price paid per share (pence per share):                   391.0p
 Highest price paid per share (pence per share):                  395.0p
 Volume weighted average price paid per share (pence per share):  393.0p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of
£0.01 each in issue, of which 4,417,912 ordinary shares are held in treasury.
  Therefore, the total number of ordinary shares carrying voting rights will
be 183,322,818.

 

The above figure of 183,322,818 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), the table below contains detailed information of the
individual trades made by Canaccord Genuity Limited as part of the Programme.

 

 

Individual transactions:

 

 Number of shares  Transaction price   Time of transaction  Execution venue

purchased
(pence per share)
 997               395.00              09:37:55             AIMX
 257               395.00              09:37:55             AIMX
 3,746             395.00              09:37:55             AIMX
 1,642             395.00              09:37:55             AIMX
 5,000             395.00              09:50:29             AIMX
 955               395.00              09:50:29             AIMX
 388               395.00              09:50:29             AIMX
 388               395.00              09:50:29             AIMX
 388               395.00              09:50:29             AIMX
 388               395.00              09:50:29             AIMX
 3,448             395.00              09:50:29             AIMX
 1,164             395.00              09:50:29             AIMX
 109               395.00              09:50:29             AIMX
 4,891             395.00              09:51:00             AIMX
 353               395.00              09:51:00             AIMX
 886               395.00              09:51:00             AIMX
 822               394.00              13:11:44             AIMX
 4,178             394.00              13:11:44             AIMX
 332               394.00              13:11:44             AIMX
 5,000             394.00              13:11:52             AIMX
 282               394.00              13:11:52             AIMX
 368               394.00              13:11:52             AIMX
 409               394.00              13:12:34             AIMX
 190               394.00              13:12:34             AIMX
 2,470             394.00              13:12:34             AIMX
 90                394.00              13:12:36             AIMX
 560               394.00              13:12:36             AIMX
 631               394.00              13:12:36             AIMX
 560               394.00              13:12:36             AIMX
 631               394.00              13:12:36             AIMX
 4,369             394.00              13:12:36             AIMX
 4,108             394.00              13:12:36             AIMX
 5,000             392.00              13:21:46             AIMX
 181               392.00              13:21:46             AIMX
 437               392.00              13:22:11             AIMX
 413               392.00              13:22:36             AIMX
 226               392.00              13:26:31             AIMX
 416               392.00              13:34:04             AIMX
 413               392.00              13:35:55             AIMX
 436               392.00              13:36:29             AIMX
 5,000             392.00              13:49:07             AIMX
 2,860             392.00              13:49:07             AIMX
 2,140             392.00              13:49:07             AIMX
 2,315             392.00              13:49:07             AIMX
 440               392.00              13:49:23             AIMX
 2,245             392.00              13:49:23             AIMX
 400               392.00              13:49:23             AIMX
 449               392.00              13:49:40             AIMX
 302               392.00              13:49:40             AIMX
 442               392.00              13:49:57             AIMX
 57                391.00              14:58:41             AIMX
 4,943             391.00              14:58:41             AIMX
 2,429             391.00              14:58:41             AIMX
 83                391.00              14:58:41             AIMX
 2,429             391.00              14:58:41             AIMX
 59                391.00              14:58:41             AIMX
 59                391.00              14:58:41             AIMX
 2,429             391.00              14:58:41             AIMX
 438               391.00              14:58:48             AIMX
 435               391.00              14:59:10             AIMX
 1,000             391.00              14:59:19             AIMX
 467               391.00              14:59:26             AIMX
 172               391.00              14:59:36             AIMX
 424               391.00              14:59:37             AIMX
 446               391.00              14:59:51             AIMX
 449               391.00              15:00:14             AIMX
 452               391.00              15:00:23             AIMX
 420               391.00              15:00:32             AIMX
 429               391.00              15:00:41             AIMX
 429               391.00              15:00:50             AIMX
 1,951             391.00              15:00:50             AIMX
 309               391.00              15:00:50             AIMX
 332               391.00              15:00:50             AIMX
 4,668             391.00              15:00:58             AIMX
 384               391.00              15:00:58             AIMX
 192               391.00              15:00:58             AIMX

 

 

 

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 Wyllie
 Detlir Elezi
 Tel: +44 (0) 203 207 7800

 Financial Adviser: Bacchus Capital Advisers

 Peter Bacchus                    Richard Allan

 Tel: +44 (0) 203 848 1640

 Investor Relations: Powerscourt
 Peter Ogden                      Molly Melville
 Tel: +44 (0) 7793 858 211

 

ABOUT YELLOW CAKE

 

Yellow Cake is a London-listed 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 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.

 

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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