Transaction in Own Shares

RNS Number : 6639K

Yellow Cake PLC

06 May 2022

 

06 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 6 May 2022, it purchased 35,002 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:	06 May 2022
Aggregate number of ordinary shares purchased:	35,002
Lowest price paid per share (pence per share):	383.0p
Highest price paid per share (pence per share):	390.8p
Volume weighted average price paid per share (pence per share):	384.1p

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,636,331 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 183,104,339.

The above figure of 183,104,339 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
1,251	383.20	08:01:22	AIMX
1,084	390.80	08:12:52	AIMX
354	386.80	08:23:36	AIMX
569	386.80	08:23:36	AIMX
230	386.80	08:23:36	AIMX
1,258	384.40	08:33:35	AIMX
25	386.40	08:46:08	AIMX
1,309	386.40	08:46:08	AIMX
1,138	387.40	09:12:03	AIMX
1,088	384.00	09:24:24	AIMX
267	384.40	09:38:14	AIMX
80	384.40	09:38:50	AIMX
66	384.40	09:38:50	AIMX
611	384.40	09:38:50	AIMX
9	384.40	09:38:50	AIMX
350	384.80	09:38:50	AIMX
314	384.40	09:39:58	AIMX
43	384.40	09:39:58	AIMX
214	384.00	09:40:50	AIMX
689	384.00	09:40:50	AIMX
434	384.00	09:40:50	AIMX
368	383.60	09:40:50	AIMX
1,000	384.20	09:40:50	AIMX
288	384.20	09:40:50	AIMX
606	384.20	09:40:50	AIMX
351	384.40	09:40:50	AIMX
289	384.40	09:40:50	AIMX
132	384.40	09:40:50	AIMX
1,000	384.20	09:40:50	AIMX
287	384.20	09:40:50	AIMX
353	383.60	09:40:50	AIMX
378	384.00	09:40:50	AIMX
19	384.20	09:40:50	AIMX
1,000	383.80	09:40:50	AIMX
310	383.80	09:40:50	AIMX
312	384.00	09:40:50	AIMX
378	384.00	09:40:50	AIMX
119	384.00	09:40:50	AIMX
105	383.00	09:44:05	AIMX
106	383.00	09:44:22	AIMX
108	383.00	09:44:41	AIMX
913	383.00	09:44:41	AIMX
97	383.00	10:08:50	AIMX
1,240	383.00	10:08:50	AIMX
267	383.40	10:08:50	AIMX
1,166	383.00	10:08:50	AIMX
171	383.00	10:09:06	AIMX
990	383.00	10:09:06	AIMX
176	383.00	10:09:06	AIMX
1,337	383.00	10:09:06	AIMX
364	383.00	10:09:06	AIMX
973	383.00	10:09:06	AIMX
1,337	383.00	10:09:06	AIMX
382	383.00	10:09:06	AIMX
397	383.00	10:09:18	AIMX
940	383.00	10:09:18	AIMX
114	383.00	10:09:18	AIMX
106	383.00	10:09:43	AIMX
1,117	383.00	10:09:43	AIMX
102	383.00	10:10:06	AIMX
436	383.00	10:10:06	AIMX
799	383.00	10:10:18	AIMX
2,686	383.00	10:10:19	AIMX

ENQUIRIES: 

Yellow Cake plc
Andre Liebenberg, CEO Tel: [phone]	Carole Whittall, CFO
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
Henry Fitzgerald-O'Connor Gordon Hamilton Tel: [phone]	James Asensio
Joint Broker: Berenberg
Matthew Armitt Detlir Elezi Tel: [phone]	Jennifer Wyllie
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus	Richard Allan
Tel: [phone]
Investor Relations: Powerscourt
Peter Ogden Tel: [phone]	Molly Melville

 

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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