REG - Yellow Cake PLC - Transaction in Own Shares

Yellow CakeAnnouncement

18/09/2020 07:00

RNS Number : 3562Z
  
Yellow Cake PLC
  
18 September 2020
  
 

18 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 17 September 2020, it purchased 35,000 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:


17 September 2020




Aggregate number of ordinary shares purchased:


35,000




Lowest price paid per share (pence per share):


211.50




Highest price paid per share (pence per share):


214.00




Volume weighted average price paid per share (pence per share):


212.93



 
Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,457,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,758,331.
 
The above figure of 84,758,331 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 Canaccord Genuity Limited as part of the Programme.




 
Individual transactions:
 




Number of shares

purchased


Transaction price

(pence per share)


Time of transaction


Execution venue





531


214.00


08:22:44


AIMX




1


214.00


08:29:57


AIMX




1


214.00


08:29:57


AIMX




2


214.00


08:29:57


AIMX




4


214.00


08:29:57


AIMX




4,461


214.00


08:48:07


AIMX




1,334


214.00


09:36:02


AIMX




19


214.00


09:36:02


AIMX




1,843


214.00


09:36:02


AIMX




105


214.00


09:49:24


AIMX




1,699


214.00


09:51:22


AIMX




488


213.50


09:53:30


AIMX




900


213.50


10:17:04


AIMX




485


213.50


10:17:04


AIMX




1,491


213.50


10:25:02


AIMX




765


213.50


10:25:02


AIMX




390


213.50


10:25:02


AIMX




110


213.50


10:25:02


AIMX




371


213.50


10:25:02


AIMX




1,750


213.00


10:43:35


AIMX




356


213.00


10:43:41


AIMX




900


213.00


10:43:41


AIMX




396


213.00


10:43:41


AIMX




63


213.00


10:43:41


AIMX




200


213.00


10:48:45


AIMX




57


213.00


10:48:45


AIMX




48


213.00


10:48:45


AIMX




61


213.00


10:48:45


AIMX




685


213.00


10:48:46


AIMX




210


213.00


10:48:46


AIMX




64


213.00


10:48:46


AIMX




169


213.00


10:48:46


AIMX




41


213.00


10:48:46


AIMX




16


211.50


12:02:06


AIMX




1,143


211.50


12:02:06


AIMX




350


211.50


12:02:06


AIMX




2,302


211.50


12:11:42


AIMX




440


211.50


12:11:43


AIMX




10


211.50


12:20:23


AIMX




33


211.50


12:20:31


AIMX




40


211.50


12:20:41


AIMX




45


211.50


12:20:51


AIMX




48


211.50


12:21:01


AIMX




51


211.50


12:21:11


AIMX




53


211.50


12:21:21


AIMX




58


211.50


12:21:47


AIMX




58


211.50


12:21:53


AIMX




60


211.50


12:22:17


AIMX




69


211.50


12:24:01


AIMX




76


211.50


12:26:47


AIMX




73


211.50


12:26:52


AIMX




69


211.50


12:27:01


AIMX




6


211.50


12:46:19


AIMX




1,924


212.00


14:44:48


AIMX




143


212.00


14:44:48


AIMX




166


212.00


14:44:48


AIMX




161


212.00


14:44:54


AIMX




1,249


212.00


15:05:39


AIMX




1,357


212.00


15:05:49


AIMX




5,000


212.50


16:26:36


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 ("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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
POSLRMFTMTMBBLM