REG - Yellow Cake PLC - Transaction in Own Shares

Yellow CakeAnnouncement

06/05/2022 15:15

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RNS Number : 6639K  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 6 May 2022,
it purchased 35,002 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:                                                06 May 2022
 Aggregate number of ordinary shares purchased:                   35,002
 Lowest price paid per share (pence per share):                   383.0p
 Highest price paid per share (pence per share):                  390.8p
 Volume weighted average price paid per share (pence per share):  384.1p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of
£0.01 each in issue, of which 4,636,331 ordinary shares are held in treasury.
Therefore, the total number of ordinary shares carrying voting rights will be
183,104,339.

 

The above figure of 183,104,339 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)
 1,251             383.20              08:01:22             AIMX
 1,084             390.80              08:12:52             AIMX
 354               386.80              08:23:36             AIMX
 569               386.80              08:23:36             AIMX
 230               386.80              08:23:36             AIMX
 1,258             384.40              08:33:35             AIMX
 25                386.40              08:46:08             AIMX
 1,309             386.40              08:46:08             AIMX
 1,138             387.40              09:12:03             AIMX
 1,088             384.00              09:24:24             AIMX
 267               384.40              09:38:14             AIMX
 80                384.40              09:38:50             AIMX
 66                384.40              09:38:50             AIMX
 611               384.40              09:38:50             AIMX
 9                 384.40              09:38:50             AIMX
 350               384.80              09:38:50             AIMX
 314               384.40              09:39:58             AIMX
 43                384.40              09:39:58             AIMX
 214               384.00              09:40:50             AIMX
 689               384.00              09:40:50             AIMX
 434               384.00              09:40:50             AIMX
 368               383.60              09:40:50             AIMX
 1,000             384.20              09:40:50             AIMX
 288               384.20              09:40:50             AIMX
 606               384.20              09:40:50             AIMX
 351               384.40              09:40:50             AIMX
 289               384.40              09:40:50             AIMX
 132               384.40              09:40:50             AIMX
 1,000             384.20              09:40:50             AIMX
 287               384.20              09:40:50             AIMX
 353               383.60              09:40:50             AIMX
 378               384.00              09:40:50             AIMX
 19                384.20              09:40:50             AIMX
 1,000             383.80              09:40:50             AIMX
 310               383.80              09:40:50             AIMX
 312               384.00              09:40:50             AIMX
 378               384.00              09:40:50             AIMX
 119               384.00              09:40:50             AIMX
 105               383.00              09:44:05             AIMX
 106               383.00              09:44:22             AIMX
 108               383.00              09:44:41             AIMX
 913               383.00              09:44:41             AIMX
 97                383.00              10:08:50             AIMX
 1,240             383.00              10:08:50             AIMX
 267               383.40              10:08:50             AIMX
 1,166             383.00              10:08:50             AIMX
 171               383.00              10:09:06             AIMX
 990               383.00              10:09:06             AIMX
 176               383.00              10:09:06             AIMX
 1,337             383.00              10:09:06             AIMX
 364               383.00              10:09:06             AIMX
 973               383.00              10:09:06             AIMX
 1,337             383.00              10:09:06             AIMX
 382               383.00              10:09:06             AIMX
 397               383.00              10:09:18             AIMX
 940               383.00              10:09:18             AIMX
 114               383.00              10:09:18             AIMX
 106               383.00              10:09:43             AIMX
 1,117             383.00              10:09:43             AIMX
 102               383.00              10:10:06             AIMX
 436               383.00              10:10:06             AIMX
 799               383.00              10:10:18             AIMX
 2,686             383.00              10:10:19             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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