Transaction in Own Shares

RNS Number : 1479Y

Yellow Cake PLC

07 September 2020

 

7 September 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 4 September 2020, it purchased 60,000 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:	4 September 2020
Aggregate number of ordinary shares purchased:	60,000
Lowest price paid per share (pence per share):	209.00
Highest price paid per share (pence per share):	212.00
Volume weighted average price paid per share (pence per share):	210.32

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,142,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 85,073,331.

The above figure of 85,073,331 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 Numis Securities Limited as part of the Programme.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Execution venue
1,427	211.50	08:14:57	AIMX
1,073	211.50	08:14:57	AIMX
885	212.00	10:24:26	AIMX
900	212.00	10:41:49	AIMX
715	212.00	10:41:49	AIMX
54	211.00	11:37:52	AIMX
51	211.00	11:38:02	AIMX
50	211.00	11:38:12	AIMX
48	211.00	11:38:22	AIMX
46	211.00	11:38:31	AIMX
44	211.00	11:38:42	AIMX
43	211.00	11:38:52	AIMX
41	211.00	11:39:02	AIMX
39	211.00	11:39:12	AIMX
38	211.00	11:39:22	AIMX
36	211.00	11:39:31	AIMX
35	211.00	11:39:42	AIMX
33	211.00	11:39:52	AIMX
32	211.00	11:40:02	AIMX
31	211.00	11:40:11	AIMX
30	211.00	11:40:22	AIMX
28	211.00	11:40:31	AIMX
27	211.00	11:40:41	AIMX
26	211.00	11:40:51	AIMX
25	211.00	11:41:02	AIMX
24	211.00	11:41:11	AIMX
23	211.00	11:41:21	AIMX
22	211.00	11:41:31	AIMX
21	211.00	11:41:41	AIMX
20	211.00	11:41:51	AIMX
19	211.00	11:42:02	AIMX
18	211.00	11:42:11	AIMX
17	211.00	11:42:21	AIMX
17	211.00	11:42:31	AIMX
16	211.00	11:42:41	AIMX
51	211.00	11:42:41	AIMX
15	211.00	11:42:51	AIMX
14	211.00	11:43:02	AIMX
14	211.00	11:43:11	AIMX
13	211.00	11:43:21	AIMX
13	211.00	11:43:31	AIMX
12	211.00	11:43:41	AIMX
11	211.00	11:43:51	AIMX
11	211.00	11:44:02	AIMX
10	211.00	11:44:11	AIMX
10	211.00	11:44:21	AIMX
9	211.00	11:44:31	AIMX
9	211.00	11:44:41	AIMX
6	211.00	11:44:51	AIMX
1,130	211.00	11:57:52	AIMX
8	211.00	12:02:00	AIMX
1,500	211.00	12:12:28	AIMX
800	211.00	12:15:27	AIMX
410	211.00	12:15:29	AIMX
1,393	210.50	14:55:22	AIMX
1,393	210.50	14:55:22	AIMX
1,107	210.50	14:55:22	AIMX
1,162	210.50	14:55:22	AIMX
16	210.50	14:55:28	AIMX
1,000	210.50	14:55:38	AIMX
322	210.50	14:56:33	AIMX
3,800	210.55	14:58:52	AIMX
395	210.50	15:01:26	AIMX
2,200	210.50	15:07:50	AIMX
52	210.50	15:10:14	AIMX
248	210.50	15:21:51	AIMX
263	210.50	15:22:50	AIMX
585	210.50	15:22:50	AIMX
2,237	210.50	15:22:50	AIMX
624	210.50	15:22:50	AIMX
237	210.50	15:22:52	AIMX
408	210.50	15:22:52	AIMX
1,000	210.50	15:22:52	AIMX
127	210.50	15:23:05	AIMX
231	210.50	15:23:05	AIMX
336	210.50	15:30:13	AIMX
1,000	210.50	15:30:13	AIMX
1,164	210.50	15:30:13	AIMX
1,364	210.50	15:30:15	AIMX
38	210.50	15:32:32	AIMX
792	210.50	15:34:13	AIMX
306	210.50	15:35:12	AIMX
834	210.50	15:35:12	AIMX
556	210.50	15:35:14	AIMX
302	210.50	15:36:13	AIMX
808	210.50	15:36:13	AIMX
2,012	210.50	15:36:20	AIMX
149	210.50	15:37:18	AIMX
339	210.50	15:37:20	AIMX
465	209.00	15:57:02	AIMX
2,732	209.00	15:57:02	AIMX
186	209.00	15:57:02	AIMX
300	209.00	15:59:33	AIMX
4,445	210.00	16:10:39	AIMX
1,202	210.00	16:10:39	AIMX
148	210.00	16:10:39	AIMX
200	210.00	16:10:39	AIMX
117	210.00	16:10:39	AIMX
103	210.00	16:10:56	AIMX
102	210.00	16:10:56	AIMX
972	209.50	16:20:03	AIMX
239	209.50	16:20:51	AIMX
106	209.50	16:20:51	AIMX
191	209.50	16:21:14	AIMX
70	209.50	16:21:41	AIMX
466	209.50	16:22:06	AIMX
70	209.50	16:23:30	AIMX
333	209.50	16:29:48	AIMX
434	209.50	16:29:48	AIMX
293	209.50	16:35:18	AIMX
171	209.50	16:35:18	AIMX
181	209.50	16:35:18	AIMX
21	209.50	16:35:18	AIMX
109	209.50	16:35:18	AIMX
523	209.50	16:35:18	AIMX
489	209.50	16:35:18	AIMX
428	209.50	16:35:18	AIMX
73	209.50	16:35:18	AIMX
681	209.50	16:35:18	AIMX
408	209.50	16:35:18	AIMX
408	209.50	16:35:18	AIMX
448	209.50	16:35:18	AIMX
448	209.50	16:35:18	AIMX
143	209.50	16:35:18	AIMX
1,733	209.50	16:35:18	AIMX
1,136	209.50	16:35:45	AIMX
626	209.50	16:36:31	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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