REG - Yellow Cake PLC - Transaction in Own Shares
14/09/2020 07:00
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RNS Number : 8177Y Yellow Cake PLC 14 September 2020
14 September 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 11 September
2020, it purchased 78,000 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 enlarged share buyback programme announced on
8 July 2020 (the "Programme"). The Shares acquired will be held in treasury.
Date of purchase: 11 September 2020
Aggregate number of ordinary shares purchased: 78,000
Lowest price paid per share (pence per share): 212.50
Highest price paid per share (pence per share): 215.00
Volume weighted average price paid per share (pence per share): 213.46
Following the purchase, the Company will have 88,215,716 ordinary shares of
£0.01 each in issue, of which 3,332,385 ordinary shares are held in treasury.
Therefore, the total number of ordinary shares carrying voting rights will be
84,883,331.
The above figure of 84,883,331 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 Transaction price Time of transaction Execution venue
purchased
(pence per share)
1,570 215.00 09:15:23 AIMX
298 215.00 09:15:23 AIMX
3,132 215.00 09:15:23 AIMX
1,200 214.50 09:51:02 AIMX
1 214.50 09:51:02 AIMX
1,917 214.50 09:51:02 AIMX
1,443 214.50 09:51:02 AIMX
1,394 214.50 09:51:02 AIMX
499 214.50 09:51:02 AIMX
693 214.50 09:51:02 AIMX
1 214.50 09:51:03 AIMX
3 214.50 09:56:14 AIMX
2,849 214.50 09:56:30 AIMX
300 213.50 09:56:56 AIMX
1,000 213.50 09:56:57 AIMX
3,700 213.50 09:56:57 AIMX
140 212.50 10:08:56 AIMX
234 212.50 10:09:02 AIMX
1,208 212.50 10:09:02 AIMX
3,418 212.50 10:09:02 AIMX
1,514 212.50 10:09:02 AIMX
1,281 212.50 10:09:03 AIMX
234 212.50 10:09:11 AIMX
735 212.50 10:09:11 AIMX
234 212.50 10:09:41 AIMX
234 212.50 10:10:57 AIMX
116 212.50 10:17:28 AIMX
652 212.50 10:17:28 AIMX
116 212.50 10:17:28 AIMX
1,852 212.50 10:17:28 AIMX
1,524 212.50 10:29:02 AIMX
1,624 212.50 10:29:03 AIMX
316 212.50 10:29:03 AIMX
100 213.50 11:10:37 AIMX
96 213.50 11:10:44 AIMX
92 213.50 11:10:51 AIMX
89 213.50 11:11:16 AIMX
85 213.50 11:11:29 AIMX
81 213.50 11:11:34 AIMX
78 213.50 11:11:55 AIMX
74 213.50 11:12:01 AIMX
71 213.50 11:12:11 AIMX
68 213.50 11:12:21 AIMX
65 213.50 11:12:31 AIMX
62 213.50 11:12:41 AIMX
59 213.50 11:12:51 AIMX
1 213.50 11:13:04 AIMX
1 213.50 11:13:55 AIMX
71 213.50 11:31:19 AIMX
1 213.50 11:41:37 AIMX
9 213.50 12:02:04 AIMX
7 213.50 12:02:04 AIMX
137 213.50 12:02:04 AIMX
700 213.50 12:13:25 AIMX
1,000 213.50 12:13:25 AIMX
163 213.50 12:13:25 AIMX
156 213.50 12:13:31 AIMX
148 213.50 12:13:41 AIMX
140 213.50 12:13:51 AIMX
84 213.50 12:14:01 AIMX
12 213.50 12:14:05 AIMX
2 213.50 12:14:11 AIMX
171 213.50 12:20:29 AIMX
477 213.50 12:20:29 AIMX
89 213.50 12:20:29 AIMX
109 213.50 12:20:35 AIMX
28 213.50 12:20:41 AIMX
5 213.50 12:20:46 AIMX
4 213.50 12:24:02 AIMX
95 213.50 13:31:33 AIMX
92 213.50 13:31:41 AIMX
89 213.50 13:31:52 AIMX
1,169 213.50 13:31:54 AIMX
2,800 213.50 13:31:54 AIMX
755 213.50 13:31:54 AIMX
178 213.50 13:31:54 AIMX
199 213.50 13:32:00 AIMX
86 213.50 13:32:02 AIMX
75 213.50 13:32:07 AIMX
81 213.50 13:32:13 AIMX
79 213.50 13:32:22 AIMX
77 213.50 13:32:31 AIMX
74 213.50 13:32:41 AIMX
72 213.50 13:32:51 AIMX
70 213.50 13:33:01 AIMX
1,169 213.50 13:33:01 AIMX
62 213.50 13:33:06 AIMX
63 213.50 13:33:11 AIMX
61 213.50 13:33:21 AIMX
59 213.50 13:33:31 AIMX
57 213.50 13:33:41 AIMX
55 213.50 13:33:51 AIMX
1,000 213.50 13:33:51 AIMX
53 213.50 13:34:01 AIMX
52 213.50 13:34:11 AIMX
50 213.50 13:34:21 AIMX
49 213.50 13:34:32 AIMX
48 213.50 13:35:23 AIMX
50 213.50 13:37:00 AIMX
122 213.50 13:37:00 AIMX
1,059 213.50 13:37:00 AIMX
33 213.50 13:37:00 AIMX
7,228 213.00 13:50:30 AIMX
2,772 213.00 13:50:30 AIMX
1,100 213.05 14:42:32 AIMX
599 213.50 15:40:46 AIMX
221 213.50 15:59:55 AIMX
215 213.50 15:59:55 AIMX
21 213.50 15:59:55 AIMX
177 213.50 15:59:55 AIMX
324 213.50 15:59:55 AIMX
1,314 213.50 16:12:10 AIMX
45 213.50 16:12:10 AIMX
50 213.50 16:21:39 AIMX
73 213.50 16:24:28 AIMX
40 213.50 16:26:58 AIMX
68 213.50 16:27:32 AIMX
178 213.50 16:28:48 AIMX
49 213.50 16:28:49 AIMX
47 213.50 16:29:37 AIMX
114 213.50 16:29:53 AIMX
54 213.50 16:29:53 AIMX
55 213.50 16:29:53 AIMX
24 213.50 16:29:57 AIMX
1,834 213.50 16:35:03 AIMX
97 213.50 16:35:03 AIMX
1,209 213.50 16:35:03 AIMX
134 213.50 16:35:03 AIMX
282 213.50 16:35:03 AIMX
768 213.50 16:35:03 AIMX
785 213.50 16:35:03 AIMX
3 213.50 16:35:03 AIMX
47 213.50 16:35:03 AIMX
53 213.50 16:35:03 AIMX
140 213.50 16:35:03 AIMX
101 213.50 16:35:03 AIMX
595 213.50 16:35:03 AIMX
320 213.50 16:35:03 AIMX
48 213.50 16:35:03 AIMX
11 213.50 16:35:03 AIMX
673 213.50 16:35:03 AIMX
2,454 213.50 16:35:03 AIMX
2,807 213.50 16:35:03 AIMX
871 213.50 16:37:05 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
Georgina McCooke
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 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 ("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 9.32 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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