Award of Share Options

Yellow Cake PLC
29 July 2024
 

29 July 2024

 

YellowCake_Logo_OL.png

 

 

Yellow Cake plc ("Yellow Cake" or the "Company") 

Award of Share Options

 

Yellow Cake, a specialist company operating in the uranium sector holding physical uranium for the long term, announces the grant of new share options on 26 July 2024 to the Chief Executive Officer and the Chief Financial Officer. These long-term incentive options are granted under the rules of the Yellow Cake plc Share Option Plan 2019.

Details of the grant are summarised below:

PDMR

Position

Options awarded

Total number of options held

Andre Liebenberg

Chief Executive Officer

29,328

225,232

Carole Whittall

Chief Financial Officer

12,464

26,558

 

All options awarded on 26 July 2024 have an exercise price of 648 pence per share and will be exercisable three years after the date of grant, save in certain circumstances including a change of control of the Company, and will expire ten years after the date of grant.

The exercise price of 648 pence per share represents the higher of the average of the mid-market closing price of the ordinary shares of the Company on AIM over the five consecutive dealing days immediately preceding the grant date and the estimated Net Asset Value per share at grant.

This notification is made under Article 19 of the UK Market Abuse Regulation.

 

1.              

 

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Andre Liebenberg

2.               

Reason for the notification

a.               

Position/status

Chief Executive Officer

b.               

Initial notification /Amendment

Initial notification

3.               

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.              

Name

Yellow Cake plc

b.              

LEI

213800CVMYUGOA9EZY95

4.               

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.               

Description of the financial instrument, type of instrument, identification code

Ordinary Shares

ISIN Code JE00BF50RG45

b.               

Nature of the transaction

Grant of options with an exercise price: 648.00 p per share, under the Yellow Cake plc Share Option Plan 2019

c.               

Price(s) and volume(s)

Price: Nil

29,328  options

d.               

Aggregated information

·      Aggregated volume

·      Price

 

As for c above

e.               

Date of the transaction

2024-07-26

f.               

Place of the transaction

Outside a trading venue

 

5.              

 

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Carole Whittall

6.               

Reason for the notification

a.               

Position/status

Chief Financial Officer

b.               

Initial notification /Amendment

Initial notification

7.               

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.              

Name

Yellow Cake plc

b.              

LEI

213800CVMYUGOA9EZY95

8.               

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.               

Description of the financial instrument, type of instrument, identification code

Ordinary Shares

ISIN Code JE00BF50RG45

b.               

Nature of the transaction

Grant of options with an exercise price: 648.00 p per share, under the Yellow Cake plc Share Option Plan 2019

c.               

Price(s) and volume(s)

Price: Nil

12,464 options

d.               

Aggregated information

·      Aggregated volume

·      Price

 

As for c above

e.               

Date of the transaction

2024-07-26

f.               

Place of the transaction

Outside a trading venue

 



 

ENQUIRIES:

 

Yellow Cake plc



Andre Liebenberg, CEO

Carole Whittall, CFO


Tel: +44 (0) 153 488 5200



Nominated Adviser and Joint Broker: Canaccord Genuity Limited


James Asensio

Henry Fitzgerald-O'Connor


Tel: +44 (0) 207 523 8000




Joint Broker: Berenberg


Matthew Armitt

Jennifer Lee


Detlir Elezi



Tel: +44 (0) 203 207 7800



Financial Adviser: Bacchus Capital Advisers

Peter Bacchus

Richard Allan

Tel: +44 (0) 203 848 1640


Communications Adviser: Sodali & Co



Peter Ogden



Tel: +44 (0) 7793 858 211



 

ABOUT YELLOW CAKE

Yellow Cake is a London-quoted 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 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 21.68 million pounds of U3O8, all of which is held in storage in Canada and France. 

 

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