REG - Yellow Cake PLC - YELLOW CAKE RECEIVES DTC ELIGIBILITY

Yellow CakeAnnouncement

28/12/2022 07:00

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RNS Number : 9708K  Yellow Cake PLC  28 December 2022

28 December 2022

 

 

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

Yellow Cake Receives DTC Eligibility

Yellow Cake is pleased to announce that The Depository Trust Company ("DTC")
has confirmed that the Company's ordinary shares (the "Shares") are eligible
to be electronically cleared and settled through DTC ("DTC Eligibility"). DTC
Eligibility makes the Shares more accessible to investors in the United
States.

Yellow Cake trades on the OTCQX® Best Market, the OTC Markets Group's premier
market for established companies. Yellow Cake's Shares are also quoted on the
AIM market of the London Stock exchange under the ticker symbol "YCA".

DTC is a subsidiary of the Depository Trust and Clearing Corporation, a U.S.
company that manages the electronic clearing and settlement of publicly traded
companies. DTC Eligibility incorporates an electronic method of clearing
securities, speeding up the receipt of stock and cash, and thus accelerates
the settlement process for certain investors. DTC is a member of the U.S.
Federal Reserve System, a limited-purpose trust company under New York State
banking law and a registered clearing agency with the U.S. Securities and
Exchange Commission.

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 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: Powerscourt
 Peter Ogden                          Molly Melville
 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 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 18.81
million pounds of U(3)O(8), all of which is held in storage in Canada and
France.

 

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