Transaction in Own Shares

RNS Number : 0242B

Yellow Cake PLC

05 October 2020

 

5 October 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 2 October 2020, it purchased 39,000 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:	2 October 2020
Aggregate number of ordinary shares purchased:	39,000
Lowest price paid per share (pence per share):	196.00
Highest price paid per share (pence per share):	199.00
Volume weighted average price paid per share (pence per share):	197.03

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,840,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,375,331.

The above figure of 84,375,331 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
3,600	199.00	08:02:08	AIMX
1,000	199.00	08:02:08	AIMX
400	199.00	08:02:08	AIMX
271	196.80	08:12:34	AIMX
1,378	196.80	08:14:34	AIMX
456	197.00	08:52:32	AIMX
1,316	197.00	08:52:32	AIMX
992	197.00	08:52:32	AIMX
400	197.00	08:52:32	AIMX
687	197.00	08:52:32	AIMX
254	196.20	11:03:39	AIMX
254	196.20	11:05:02	AIMX
254	196.20	11:05:11	AIMX
401	196.20	11:05:19	AIMX
915	196.20	11:05:19	AIMX
422	196.20	11:05:19	AIMX
1,316	196.20	11:05:19	AIMX
330	196.20	11:05:19	AIMX
854	196.20	11:05:24	AIMX
1,431	196.20	11:08:20	AIMX
359	196.20	11:08:20	AIMX
316	196.20	11:08:20	AIMX
200	196.20	11:08:20	AIMX
1,764	196.20	11:19:33	AIMX
392	196.20	11:26:10	AIMX
344	196.20	11:26:10	AIMX
203	196.20	11:26:10	AIMX
1,272	196.20	11:30:02	AIMX
361	196.20	11:30:19	AIMX
664	196.20	11:30:19	AIMX
336	196.20	11:30:19	AIMX
700	196.20	11:30:19	AIMX
1,272	196.20	11:38:03	AIMX
363	196.20	11:42:09	AIMX
23	196.20	11:44:30	AIMX
193	196.00	13:14:55	AIMX
182	196.00	13:15:02	AIMX
1,270	196.00	14:00:09	AIMX
855	196.00	14:00:09	AIMX
116	196.20	15:04:51	AIMX
360	196.80	15:11:51	AIMX
384	196.80	15:14:32	AIMX
569	196.80	15:19:14	AIMX
359	196.80	15:24:32	AIMX
1,666	197.40	15:38:04	AIMX
834	197.40	15:38:04	AIMX
1,389	197.40	15:38:04	AIMX
167	197.40	15:38:04	AIMX
252	197.40	15:38:12	AIMX
366	197.40	15:38:57	AIMX
326	197.40	15:38:57	AIMX
1,062	197.40	15:38:57	AIMX
210	198.00	16:08:09	AIMX
202	198.00	16:08:14	AIMX
195	198.00	16:08:21	AIMX
187	198.00	16:08:31	AIMX
180	198.00	16:08:41	AIMX
173	198.00	16:08:51	AIMX
166	198.00	16:09:01	AIMX
177	198.00	16:10:18	AIMX
170	198.00	16:10:24	AIMX
159	198.00	16:10:31	AIMX
4	198.00	16:10:36	AIMX
9	198.00	16:10:41	AIMX
1	198.00	16:12:01	AIMX
450	198.00	16:12:36	AIMX
85	198.00	16:13:19	AIMX
1	198.00	16:14:36	AIMX
781	199.00	16:43:35	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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