Transaction in Own Shares

RNS Number : 3779K

Yellow Cake PLC

05 May 2022

 

05 May 2022

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 May 2022, it purchased 50,000 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 share buyback programme announced on 4 April 2022 (the "Programme"). The Shares acquired will be held in treasury.

Date of purchase:	04 May 2022
Aggregate number of ordinary shares purchased:	50,000
Lowest price paid per share (pence per share):	388.2p
Highest price paid per share (pence per share):	393.6p
Volume weighted average price paid per share (pence per share):	390.9p

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,551,829 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 183,188,901.

The above figure of 183,188,901 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
1000	388.6	12:07:38	AIMX
1106	388.6	12:07:38	AIMX
63	389.6	12:08:39	AIMX
17	389.8	12:08:39	AIMX
17	389.8	12:09:44	AIMX
63	390	12:09:44	AIMX
284	390	12:10:24	AIMX
19	390	12:10:24	AIMX
333	390	12:29:01	AIMX
375	390	12:29:01	AIMX
354	389.6	12:33:01	AIMX
338	388.6	12:37:41	AIMX
38	389.6	12:39:03	AIMX
379	390	12:39:03	AIMX
346	389.2	12:39:04	AIMX
376	388.6	12:39:49	AIMX
457	388.8	12:40:10	AIMX
331	388.8	12:40:10	AIMX
335	389	12:41:14	AIMX
26	389.2	12:41:14	AIMX
451	389.2	12:41:14	AIMX
648	389.2	12:41:14	AIMX
406	390	12:51:46	AIMX
393	390	12:51:46	AIMX
508	389.2	12:51:50	AIMX
345	388.8	12:52:09	AIMX
394	389.6	13:01:04	AIMX
398	389.6	13:01:04	AIMX
457	390	13:13:37	AIMX
352	389	13:13:37	AIMX
332	389.2	13:13:37	AIMX
696	389.2	13:13:37	AIMX
1	388.8	13:13:51	AIMX
236	389	13:17:14	AIMX
112	389	13:17:14	AIMX
1	389.6	13:18:20	AIMX
145	389.6	13:18:20	AIMX
387	389.8	13:18:20	AIMX
327	389	13:18:23	AIMX
385	388.6	13:20:26	AIMX
370	388.6	13:23:03	AIMX
166	389	13:23:03	AIMX
314	389	13:23:03	AIMX
325	388.6	13:30:14	AIMX
339	388.6	13:30:14	AIMX
347	388.8	13:30:14	AIMX
332	388.8	13:38:14	AIMX
73	388.2	13:39:48	AIMX
265	388.2	13:39:48	AIMX
388	388.8	13:39:48	AIMX
327	388.6	13:43:22	AIMX
470	388.8	13:43:22	AIMX
1000	389.8	13:45:22	AIMX
191	389.8	13:45:22	AIMX
381	389.8	13:45:22	AIMX
757	389.2	13:46:03	AIMX
429	389.2	13:48:20	AIMX
419	389.2	13:48:26	AIMX
423	389.2	13:50:26	AIMX
173	388.8	13:51:04	AIMX
175	388.8	13:52:09	AIMX
484	389.2	13:53:44	AIMX
142	389.6	13:53:44	AIMX
189	389.8	13:53:44	AIMX
79	389.8	13:53:44	AIMX
224	389.8	13:53:44	AIMX
35	390	14:00:45	AIMX
17	390	14:04:20	AIMX
298	390	14:04:20	AIMX
35	390	14:07:08	AIMX
361	390	14:07:08	AIMX
383	390	14:11:15	AIMX
1	390	14:24:59	AIMX
1332	392.2	14:40:31	AIMX
3	390	14:40:46	AIMX
404	391.8	14:49:18	AIMX
911	391.8	14:49:18	AIMX
1083	392	14:55:48	AIMX
1154	391.6	14:55:48	AIMX
417	391.2	15:02:32	AIMX
663	391.2	15:02:32	AIMX
139	390.8	15:08:10	AIMX
337	390.8	15:08:10	AIMX
426	391.2	15:10:39	AIMX
1161	392.6	15:19:07	AIMX
1114	392	15:25:35	AIMX
80	393	15:27:10	AIMX
247	393	15:27:10	AIMX
282	393	15:27:10	AIMX
278	393	15:27:10	AIMX
352	393	15:27:10	AIMX
62	393	15:27:10	AIMX
203	393	15:27:28	AIMX
350	392.8	15:27:28	AIMX
1119	392.8	15:31:40	AIMX
1284	393.2	15:48:06	AIMX
1104	392.6	15:48:40	AIMX
517	393.2	15:54:33	AIMX
215	393.2	15:54:33	AIMX
2	393.2	15:54:33	AIMX
352	393.2	15:54:34	AIMX
217	393.2	15:54:35	AIMX
474	392.8	16:00:11	AIMX
364	392.8	16:00:11	AIMX
494	393.2	16:09:17	AIMX
424	392.6	16:10:41	AIMX
389	392.6	16:10:43	AIMX
362	392.6	16:11:09	AIMX
368	392.4	16:11:55	AIMX
524	392.2	16:14:00	AIMX
30	393	16:20:45	AIMX
474	393.6	16:20:55	AIMX
361	393.6	16:20:55	AIMX
1	393.6	16:20:55	AIMX
484	393.6	16:22:09	AIMX
395	393.6	16:22:10	AIMX
343	393.6	16:22:14	AIMX
96	393.4	16:23:02	AIMX
421	393.4	16:23:03	AIMX
385	393.4	16:23:57	AIMX
352	393.4	16:23:57	AIMX
491	392.6	16:29:39	AIMX
1097	390.6	16:35:14	AIMX
2227	390.6	16:35:14	AIMX
317	390.6	16:35:14	AIMX
176	390.6	16:35:14	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
Gordon Hamilton 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	Molly Melville
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 15.83 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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