Transaction in Own Shares

RNS Number : 1626B

Yellow Cake PLC

06 October 2020

 

6 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 5 October 2020, it purchased 47,000 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:	5 October 2020
Aggregate number of ordinary shares purchased:	47,000
Lowest price paid per share (pence per share):	198.00
Highest price paid per share (pence per share):	200.00
Volume weighted average price paid per share (pence per share):	199.30

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,887,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,328,331.

The above figure of 84,328,331 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
2,500	200.00	09:08:03	AIMX
653	200.00	09:08:03	AIMX
2,370	200.00	09:08:03	AIMX
130	200.00	09:08:16	AIMX
1,347	200.00	09:09:02	AIMX
608	199.40	10:41:56	AIMX
1,155	199.40	10:41:58	AIMX
2,375	199.40	10:42:03	AIMX
862	199.40	10:42:03	AIMX
122	198.00	11:23:07	AIMX
4,878	200.00	13:27:45	AIMX
802	198.60	14:47:41	AIMX
733	198.80	14:54:07	AIMX
1,387	198.80	14:54:07	AIMX
95	198.80	14:54:07	AIMX
285	198.80	14:54:07	AIMX
95	198.80	14:54:07	AIMX
285	198.80	14:54:07	AIMX
380	198.80	14:54:07	AIMX
380	198.80	14:54:07	AIMX
146	198.80	15:01:41	AIMX
160	198.80	15:01:51	AIMX
155	198.80	15:02:01	AIMX
151	198.80	15:02:11	AIMX
147	198.80	15:02:21	AIMX
142	198.80	15:02:31	AIMX
1,599	198.80	15:02:39	AIMX
138	198.80	15:02:41	AIMX
134	198.80	15:02:51	AIMX
129	198.80	15:03:01	AIMX
156	198.80	15:04:18	AIMX
152	198.80	15:04:24	AIMX
147	198.80	15:04:31	AIMX
143	198.80	15:04:41	AIMX
139	198.80	15:04:51	AIMX
134	198.80	15:05:01	AIMX
1,052	198.80	15:07:15	AIMX
1,062	199.20	15:54:42	AIMX
1,004	199.20	15:54:42	AIMX
361	199.20	15:54:42	AIMX
21	199.20	15:59:53	AIMX
52	199.20	15:59:53	AIMX
6	199.20	15:59:53	AIMX
108	199.20	15:59:53	AIMX
642	199.20	15:59:53	AIMX
250	199.20	15:59:53	AIMX
724	199.20	16:01:26	AIMX
1,277	199.60	16:17:05	AIMX
29	199.60	16:17:08	AIMX
144	199.60	16:28:32	AIMX
273	199.60	16:28:54	AIMX
32	199.60	16:29:54	AIMX
411	199.60	16:29:54	AIMX
53	199.60	16:29:59	AIMX
1,196	199.00	16:35:03	AIMX
584	199.00	16:35:03	AIMX
148	199.00	16:35:03	AIMX
28	199.00	16:35:03	AIMX
44	199.00	16:35:03	AIMX
254	199.00	16:35:03	AIMX
94	199.00	16:35:03	AIMX
284	199.00	16:35:03	AIMX
601	199.00	16:35:03	AIMX
622	199.00	16:35:03	AIMX
4	199.00	16:35:03	AIMX
10,426	199.00	16:35:03	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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