Transaction in Own Shares

RNS Number : 3816W

Yellow Cake PLC

18 August 2020

 

18 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 17 August 2020, it purchased 60,000 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:	17 August 2020
Aggregate number of ordinary shares purchased:	60,000
Lowest price paid per share (pence per share):	214.50
Highest price paid per share (pence per share):	217.50
Volume weighted average price paid per share (pence per share):	217.00

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 2,419,385 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 85,796,311.

The above figure of 85,796,311 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
445	217.5	09:34:58	AIMX
420	217.5	09:34:58	AIMX
336	217.5	09:34:58	AIMX
1720	217.0	09:50:12	AIMX
839	216.5	09:53:44	AIMX
772	216.5	09:53:44	AIMX
8	214.5	11:20:15	AIMX
408	215.5	11:53:27	AIMX
312	215.5	11:53:27	AIMX
1200	217.0	12:02:30	AIMX
730	217.0	12:05:26	AIMX
770	217.0	12:05:35	AIMX
102	217.0	12:05:35	AIMX
746	217.0	12:05:35	AIMX
100	217.0	12:05:35	AIMX
106	217.0	12:05:35	AIMX
500	217.0	12:05:35	AIMX
309	217.0	12:06:24	AIMX
610	217.0	12:06:24	AIMX
389	217.0	12:06:32	AIMX
636	217.0	12:06:32	AIMX
999	217.0	12:06:57	AIMX
1781	216.5	12:32:06	AIMX
1672	217.0	13:26:03	AIMX
154	216.5	13:31:22	AIMX
1184	217.5	13:52:54	AIMX
720	217.5	13:52:54	AIMX
138	217.0	13:53:29	AIMX
506	217.0	13:57:09	AIMX
689	217.5	14:05:54	AIMX
15	217.5	14:05:54	AIMX
245	217.5	14:05:54	AIMX
877	217.5	14:05:54	AIMX
1574	217.0	14:06:01	AIMX
1856	217.0	14:06:01	AIMX
260	217.0	14:15:50	AIMX
677	217.0	14:15:50	AIMX
16	217.0	14:15:50	AIMX
179	217.0	14:15:50	AIMX
907	217.0	14:47:01	AIMX
13	217.0	14:47:01	AIMX
1696	217.0	14:47:01	AIMX
1340	217.0	14:48:51	AIMX
910	217.0	14:48:51	AIMX
1240	217.0	14:48:51	AIMX
900	217.0	15:00:11	AIMX
973	217.0	15:00:11	AIMX
1824	217.0	15:17:16	AIMX
84	216.5	15:23:13	AIMX
1680	217.0	15:25:07	AIMX
977	217.0	15:32:04	AIMX
690	217.0	15:32:04	AIMX
403	217.0	15:33:04	AIMX
859	217.0	15:33:04	AIMX
540	217.0	15:33:04	AIMX
328	217.0	15:33:04	AIMX
1612	217.0	15:47:04	AIMX
1636	217.0	15:51:04	AIMX
9	216.5	15:53:38	AIMX
68	216.5	15:54:40	AIMX
22	216.5	15:55:15	AIMX
505	216.5	15:56:20	AIMX
819	217.5	15:59:49	AIMX
247	217.5	15:59:49	AIMX
320	217.5	15:59:49	AIMX
499	217.5	15:59:49	AIMX
1885	217.0	15:59:49	AIMX
1440	217.0	15:59:50	AIMX
1719	217.0	16:06:02	AIMX
1735	217.0	16:11:56	AIMX
799	217.0	16:15:13	AIMX
660	217.0	16:15:13	AIMX
48	217.0	16:15:13	AIMX
1388	217.0	16:15:13	AIMX
1081	217.0	16:15:13	AIMX
1579	217.0	16:20:52	AIMX
1562	217.0	16:20:52	AIMX
3	217.0	16:23:04	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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