Director Shareholding

RNS Number : 7886D

Yellow Cake PLC

21 February 2020

 

21 February 2020

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

Director Shareholding

The Company announces that on 21 February 2020, Non-Executive Director Sofia Bianchi disposed of 5,651 shares in the Company at a price of 196.8p per share.

Following this transaction, Sofia Bianchi holds 13,186 ordinary shares in the Company, representing 0.01% of the Company's issued share capital.

The Notification of Dealing Form set out below is made in fulfilment of the obligation under Article 19 of the EU Market Abuse Regulation.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Sofia Bianchi
2.	Reason for the notification
a.	Position/status	Disposal of shares by PDMR
b.	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Yellow Cake plc
b.	LEI	213800CVMYUGOA9EZY95
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument, identification code	Ordinary Shares ISIN Code JE00BF50RG45
b.	Nature of the transaction	Disposal
c.	Price(s) and volume(s)	196.8 p per share	5,651 shares
d.	Aggregated information · Aggregated volume · Price	· 5,651 shares · £11,121.17
e.	Date of the transaction	21 February 2020
f.	Place of the transaction	AIMX

ENQUIRIES: 

Yellow Cake plc
Andre Liebenberg, CEO	Carole Whittall, CFO
Tel: [phone]
Nominated Adviser and Joint Broker: Numis Securities Limited
John Prior	Paul Gillam
Alamgir Ahmed
Tel: [phone]
Joint Broker: Berenberg
Matthew Armitt	Jennifer Wyllie
Detlir Elezi
Tel: [phone]
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus	Richard Allan
Tel: [phone]
Investor Relations: Powerscourt
Peter Ogden	Linda Gu
Tel: [phone]

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 lower cost base and ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 9.62 million lb of U3O8, all of which is held in storage in North America. 

 

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