Transaction in Own Shares

RNS Number : 0024V

Yellow Cake PLC

04 August 2020

 

4 August 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 3 August 2020, it purchased 91,383 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:	3 August 2020
Aggregate number of ordinary shares purchased:	91,383
Lowest price paid per share (pence per share):	217.00
Highest price paid per share (pence per share):	222.00
Volume weighted average price paid per share (pence per share):	219.21

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 1,778,189 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 86,437,527.

The above figure of 86,437,527 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
327	218.5	10:01:43	AIMX
2009	218.0	10:10:57	AIMX
528	218.0	10:25:13	AIMX
1446	218.0	10:25:13	AIMX
1116	219.0	10:55:00	AIMX
777	219.0	10:55:00	AIMX
6096	219.5	11:28:22	AIMX
5860	220.0	11:36:11	AIMX
4712	220.0	12:02:28	AIMX
319	219.5	12:14:35	AIMX
1814	219.5	12:14:35	AIMX
1833	219.0	12:23:28	AIMX
10000	219.0	13:17:06	AIMX
785	218.5	13:49:13	AIMX
696	218.5	13:49:13	AIMX
566	218.0	13:55:13	AIMX
146	218.0	13:57:13	AIMX
285	217.5	14:25:13	AIMX
160	217.5	14:25:13	AIMX
525	217.5	14:28:13	AIMX
400	219.0	14:44:46	AIMX
10000	219.0	14:54:24	AIMX
1776	218.5	14:54:39	AIMX
1464	218.0	14:59:44	AIMX
1684	218.5	15:08:19	AIMX
4047	218.5	15:08:19	AIMX
1683	218.5	15:08:19	AIMX
1897	218.0	15:10:47	AIMX
233	217.5	15:10:48	AIMX
2026	217.5	15:11:36	AIMX
1669	217.0	15:22:19	AIMX
1641	218.0	15:23:45	AIMX
769	218.0	15:24:46	AIMX
1735	219.5	15:44:37	AIMX
1544	219.5	15:44:37	AIMX
1950	219.5	15:46:52	AIMX
1417	219.5	15:49:51	AIMX
1624	219.5	15:49:51	AIMX
183	219.5	15:52:13	AIMX
1398	221.0	15:59:13	AIMX
558	221.0	15:59:13	AIMX
2361	222.0	16:09:49	AIMX
1738	221.5	16:09:50	AIMX
1750	221.5	16:09:50	AIMX
1821	221.0	16:09:50	AIMX
1910	219.5	16:23:39	AIMX
2067	219.0	16:28:16	AIMX
38	218.5	16:29:50	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

 

 

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