RNS Number : 7310S
Yellow Cake PLC
13 July 2020
13 July 2020
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 10 July 2020, it purchased 90,000 ordinary shares of £0.01 each in the Company (the "Shares") on the London Stock Exchange through Numis Securities Limited, in accordance with the terms of its enlarged share buyback programme announced on 8 July 2020 (the "Programme"). The Shares acquired will be held in treasury.
Date of purchase:
10 July 2020
Aggregate number of ordinary shares purchased:
90,000
Lowest price paid per share (pence per share):
223.50
Highest price paid per share (pence per share):
231.50
Volume weighted average price paid per share (pence per share):
225.41
Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 891,806 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 87,323,910.
The above figure of 87,323,910 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 Numis Securities Limited as part of the Programme.
Individual transactions:
Number of shares purchased
Transaction price (pence per share)
Time of transaction
Execution venue
369
231.5
08:35:19
AIMX
1665
231.0
08:37:32
AIMX
50
231.0
08:37:32
AIMX
1241
231.0
08:37:33
AIMX
373
231.0
08:37:34
AIMX
715
228.5
09:23:40
AIMX
241
228.5
09:23:43
AIMX
687
228.5
09:39:21
AIMX
724
228.5
09:39:21
AIMX
1058
228.5
09:39:21
AIMX
316
228.5
09:39:21
AIMX
136
228.5
09:39:21
AIMX
281
228.5
09:39:21
AIMX
902
228.5
09:39:21
AIMX
1746
227.5
09:43:53
AIMX
2431
227.5
10:48:49
AIMX
1750
227.0
09:43:58
AIMX
1736
227.0
10:56:49
AIMX
1660
227.0
10:56:49
AIMX
211
226.5
09:44:23
AIMX
16
226.5
12:02:07
AIMX
98
226.5
12:02:07
AIMX
5
226.5
12:02:07
AIMX
25
226.5
12:02:07
AIMX
2
226.5
12:02:07
AIMX
1807
226.5
12:02:07
AIMX
77
226.5
12:02:07
AIMX
370
226.5
12:02:07
AIMX
74
226.5
12:02:07
AIMX
14
226.5
12:02:07
AIMX
3
226.5
12:02:07
AIMX
1
226.5
12:02:07
AIMX
5
226.5
12:02:07
AIMX
1
226.5
12:02:07
AIMX
1
226.5
12:02:07
AIMX
232
226.5
12:02:07
AIMX
90
226.5
12:02:39
AIMX
90
226.5
12:02:39
AIMX
1692
226.5
12:02:39
AIMX
1691
226.5
13:11:37
AIMX
1651
226.5
13:33:37
AIMX
1821
226.0
10:58:06
AIMX
1701
226.0
11:03:06
AIMX
1236
226.0
11:24:59
AIMX
479
226.0
11:28:44
AIMX
1521
226.0
12:06:52
AIMX
320
226.0
12:07:42
AIMX
1823
226.0
13:40:13
AIMX
1706
226.0
13:40:13
AIMX
2445
225.0
15:56:51
AIMX
35
225.0
15:56:51
AIMX
2500
225.0
15:57:51
AIMX
22
225.0
15:57:51
AIMX
2275
225.0
16:03:39
AIMX
1239
225.0
16:03:39
AIMX
1713
224.5
15:54:23
AIMX
1541
224.5
16:10:28
AIMX
1847
224.5
16:10:28
AIMX
1199
224.5
16:10:28
AIMX
1847
224.5
16:10:28
AIMX
1847
224.5
16:10:28
AIMX
1750
224.0
14:59:01
AIMX
1768
224.0
15:12:01
AIMX
3065
224.0
15:19:23
AIMX
1368
224.0
15:19:23
AIMX
3065
224.0
15:19:23
AIMX
3323
224.0
15:19:23
AIMX
1813
224.0
15:19:23
AIMX
1324
224.0
15:40:09
AIMX
1666
224.0
15:40:09
AIMX
1009
224.0
15:40:09
AIMX
249
224.0
15:47:48
AIMX
1760
223.5
16:14:12
AIMX
1847
223.5
16:14:12
AIMX
1847
223.5
16:14:12
AIMX
1770
223.5
16:14:45
AIMX
6
223.5
16:23:08
AIMX
1770
223.5
16:23:08
AIMX
5246
223.5
16:23:08
AIMX
ENQUIRIES:
Yellow Cake plc
Andre Liebenberg, CEO
Carole Whittall, CFO
Tel: +44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Numis Securities Limited
John Prior
Paul Gillam
Alamgir Ahmed
Tel: +44 (0) 207 260 1000
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
Linda Gu
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 ("U3O8"). 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 U3O8 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 U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 9.32 million lb of U3O8, 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 U3O8, 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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