REG - Yellow Cake PLC - Transaction in Own Shares

Yellow CakeAnnouncement

06/05/2022 07:00

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RNS Number : 5352K  Yellow Cake PLC  06 May 2022

06 May 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 5 May 2022,
it purchased 49,500 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:                                                05 May 2022
 Aggregate number of ordinary shares purchased:                   49,500
 Lowest price paid per share (pence per share):                   386.8p
 Highest price paid per share (pence per share):                  403.0p
 Volume weighted average price paid per share (pence per share):  398.1p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of
£0.01 each in issue, of which 4,601,329 ordinary shares are held in treasury.
Therefore, the total number of ordinary shares carrying voting rights will be
183,139,401.

 

The above figure of 183,139,401 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)
 218               402.00              08:00:20             AIMX
 49                402.00              08:00:20             AIMX
 1,203             401.00              08:00:20             AIMX
 1,099             399.60              08:03:23             AIMX
 1,099             399.80              08:03:23             AIMX
 1,253             402.60              08:10:23             AIMX
 1,326             403.00              09:38:54             AIMX
 1,123             403.00              09:38:54             AIMX
 1,273             403.00              09:38:54             AIMX
 1,241             403.00              09:38:54             AIMX
 4,087             403.00              09:38:54             AIMX
 1,227             402.60              09:38:55             AIMX
 125               401.40              11:52:02             AIMX
 1,203             401.40              11:52:02             AIMX
 1,184             400.40              12:13:11             AIMX
 339               402.40              12:59:53             AIMX
 192               402.40              12:59:53             AIMX
 609               402.40              12:59:53             AIMX
 335               402.80              13:14:35             AIMX
 1                 402.80              13:14:35             AIMX
 345               402.80              13:17:59             AIMX
 399               402.80              13:22:47             AIMX
 173               402.80              13:22:53             AIMX
 52                402.80              13:22:53             AIMX
 37                402.40              13:29:34             AIMX
 1,256             402.40              13:29:34             AIMX
 406               399.00              13:38:17             AIMX
 625               399.00              13:38:18             AIMX
 60                399.00              13:39:13             AIMX
 21                399.00              13:39:13             AIMX
 17                401.00              13:43:23             AIMX
 1,211             401.00              13:43:23             AIMX
 1,164             401.80              13:54:31             AIMX
 1,132             402.00              14:08:59             AIMX
 25                400.40              14:29:56             AIMX
 1,077             400.40              14:29:56             AIMX
 311               402.60              14:32:50             AIMX
 221               402.60              14:32:50             AIMX
 566               402.60              14:32:50             AIMX
 1,326             402.40              14:32:55             AIMX
 87                400.40              14:43:03             AIMX
 1,148             400.40              14:43:03             AIMX
 1,286             398.40              14:55:57             AIMX
 1,100             396.60              15:02:30             AIMX
 1,329             395.60              15:11:20             AIMX
 45                395.80              15:22:19             AIMX
 1,223             395.80              15:22:19             AIMX
 220               395.20              15:33:02             AIMX
 940               395.20              15:33:02             AIMX
 609               394.60              15:36:38             AIMX
 529               394.60              15:36:38             AIMX
 1,180             394.40              15:47:31             AIMX
 22                391.60              15:59:56             AIMX
 806               391.60              16:02:20             AIMX
 458               391.60              16:02:20             AIMX
 524               390.60              16:09:02             AIMX
 789               390.60              16:09:02             AIMX
 1,125             389.60              16:15:30             AIMX
 346               389.20              16:22:51             AIMX
 116               389.20              16:22:58             AIMX
 688               389.20              16:23:14             AIMX
 148               389.20              16:23:16             AIMX
 1,164             388.40              16:24:44             AIMX
 149               388.40              16:24:44             AIMX
 944               386.80              16:35:01             AIMX
 2,915             386.80              16:35:01             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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