Transaction in Own Shares

RNS Number : 5858U

Yellow Cake PLC

30 July 2020

 

30 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 29 July 2020, it purchased 100,000 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:	29 July 2020
Aggregate number of ordinary shares purchased:	100,000
Lowest price paid per share (pence per share):	222.50
Highest price paid per share (pence per share):	227.00
Volume weighted average price paid per share (pence per share):	223.70

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 1,486,806 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 86,728,910.

The above figure of 86,728,910 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
1181	227.0	08:35:27	AIMX
74	227.0	08:54:05	AIMX
483	227.0	08:54:05	AIMX
1758	225.5	09:34:28	AIMX
1639	225.0	09:50:40	AIMX
686	225.0	11:00:02	AIMX
1431	225.0	11:00:02	AIMX
2034	224.5	11:20:56	AIMX
1130	224.0	11:22:19	AIMX
1961	224.0	11:22:57	AIMX
1628	224.0	11:22:57	AIMX
1865	223.5	11:24:56	AIMX
294	222.5	11:37:05	AIMX
1062	222.5	11:50:13	AIMX
257	222.5	11:51:02	AIMX
553	222.5	11:51:02	AIMX
120	222.5	11:59:04	AIMX
1784	223.0	12:05:56	AIMX
1912	223.0	12:05:56	AIMX
580	224.5	13:05:50	AIMX
903	224.5	13:05:50	AIMX
728	223.5	13:05:51	AIMX
1233	225.0	13:19:59	AIMX
492	225.0	13:19:59	AIMX
1266	224.5	13:20:13	AIMX
432	224.5	13:20:13	AIMX
167	224.0	13:21:03	AIMX
1572	224.0	13:21:03	AIMX
355	224.0	13:32:10	AIMX
1538	224.0	13:32:10	AIMX
1500	224.5	14:01:08	AIMX
104	224.5	14:01:08	AIMX
125	224.5	14:01:08	AIMX
109	224.5	14:01:08	AIMX
74	224.5	14:01:08	AIMX
359	224.5	14:01:08	AIMX
4	224.5	14:04:48	AIMX
1637	224.5	14:04:48	AIMX
636	224.5	14:08:24	AIMX
1680	224.5	14:12:55	AIMX
122	224.5	14:13:53	AIMX
1710	224.0	14:14:24	AIMX
208	224.0	14:14:57	AIMX
614	224.0	14:15:27	AIMX
1630	223.5	14:36:46	AIMX
108	223.5	14:39:46	AIMX
311	223.5	14:39:46	AIMX
1973	223.5	14:39:47	AIMX
2168	224.0	15:07:53	AIMX
2700	223.5	15:12:30	AIMX
1649	223.0	15:19:10	AIMX
1807	223.0	15:19:10	AIMX
3030	223.0	15:43:40	AIMX
1928	223.0	15:43:40	AIMX
1928	223.0	15:43:40	AIMX
1680	223.0	15:44:54	AIMX
91	223.0	15:44:54	AIMX
1960	223.5	15:46:58	AIMX
1818	223.0	15:46:58	AIMX
1942	223.0	15:46:58	AIMX
1720	223.0	15:53:45	AIMX
1531	223.0	15:53:45	AIMX
398	223.0	15:53:45	AIMX
5250	223.0	15:57:10	AIMX
544	223.0	15:58:10	AIMX
1633	223.0	16:05:51	AIMX
2093	223.0	16:05:52	AIMX
2518	224.0	16:10:38	AIMX
1663	224.0	16:12:17	AIMX
1318	224.0	16:13:19	AIMX
362	224.0	16:13:19	AIMX
1926	223.0	16:14:18	AIMX
343	223.0	16:14:18	AIMX
1176	223.0	16:14:18	AIMX
1594	223.5	16:20:14	AIMX
1837	223.5	16:20:14	AIMX
1719	224.0	16:24:45	AIMX
117	224.0	16:24:45	AIMX
613	224.0	16:25:05	AIMX
365	224.0	16:25:05	AIMX
1788	223.5	16:26:05	AIMX
1695	223.5	16:26:05	AIMX
865	223.5	16:27:05	AIMX
209	223.5	16:27:05	AIMX

ENQUIRIES: 

Yellow Cake plc
Andre Liebenberg, CEO	Carole Whittall, CFO
Tel: [phone]
Nominated Adviser and Joint Broker: Numis Securities Limited
Paul Gillam
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

 

 

POSRMMATMTBJMPM