Transaction in Own Shares

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 purchased	Transaction price (pence per share)	Time of transaction	Execution venue
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: [phone]
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
Henry Fitzgerald-O'Connor	James Asensio
Georgina McCooke 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 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.

 

END

 

 

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