Yellow Cake PLC Transaction in Own Shares (4020D)
28 October 2020 - 6:00PM
UK Regulatory
TIDMYCA
RNS Number : 4020D
Yellow Cake PLC
28 October 2020
28 October 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 27 October 2020, it purchased 20,000 ordinary
shares of GBP0.01 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: 27 October 2020
Aggregate number of ordinary shares
purchased: 20,000
Lowest price paid per share (pence per
share): 193.00
Highest price paid per share (pence
per share): 195.80
Volume weighted average price paid per
share (pence per share): 194.48
Following the purchase, the Company will have 88,215,716
ordinary shares of GBP0.01 each in issue, of which 4,096,385
ordinary shares are held in treasury. Therefore, the total number
of ordinary shares carrying voting rights will be 84,119,331.
The above figure of 84,119,331 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 Canaccord
Genuity Limited as part of the Programme.
Individual transactions:
Number of shares Transaction Time of transaction Execution venue
purchased price
(pence per
share)
1,794 195.60 08:05:06 AIMX
------------ -------------------- ----------------
206 195.60 08:05:10 AIMX
------------ -------------------- ----------------
1,246 195.20 08:30:18 AIMX
------------ -------------------- ----------------
486 195.20 08:30:18 AIMX
------------ -------------------- ----------------
268 195.20 08:30:18 AIMX
------------ -------------------- ----------------
92 195.40 09:34:58 AIMX
------------ -------------------- ----------------
1,908 195.80 10:46:59 AIMX
------------ -------------------- ----------------
1,683 194.60 11:34:42 AIMX
------------ -------------------- ----------------
317 194.60 12:09:19 AIMX
------------ -------------------- ----------------
364 194.20 12:44:06 AIMX
------------ -------------------- ----------------
1,636 194.20 12:44:06 AIMX
------------ -------------------- ----------------
765 193.60 12:56:29 AIMX
------------ -------------------- ----------------
470 193.60 12:56:29 AIMX
------------ -------------------- ----------------
489 193.60 12:56:29 AIMX
------------ -------------------- ----------------
276 193.60 12:56:29 AIMX
------------ -------------------- ----------------
826 194.60 14:10:32 AIMX
------------ -------------------- ----------------
1,000 194.60 14:10:32 AIMX
------------ -------------------- ----------------
174 194.60 14:14:17 AIMX
------------ -------------------- ----------------
2,000 194.20 14:45:11 AIMX
------------ -------------------- ----------------
2,000 194.00 15:27:27 AIMX
------------ -------------------- ----------------
132 193.00 16:24:24 AIMX
------------ -------------------- ----------------
57 193.00 16:24:27 AIMX
------------ -------------------- ----------------
76 193.00 16:27:12 AIMX
------------ -------------------- ----------------
1,542 193.00 16:29:30 AIMX
------------ -------------------- ----------------
11 193.00 16:29:30 AIMX
------------ -------------------- ----------------
66 193.00 16:29:38 AIMX
------------ -------------------- ----------------
19 193.00 16:29:57 AIMX
------------ -------------------- ----------------
31 193.00 16:29:57 AIMX
------------ -------------------- ----------------
34 193.00 16:29:57 AIMX
------------ -------------------- ----------------
32 193.00 16:29:57 AIMX
------------ -------------------- ----------------
ENQUIRIES:
Yellow Cake plc
Andre Liebenberg, CEO Carole Whittall, CFO
Tel: +44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
Henry Fitzgerald-O'Connor James Asensio
Georgina McCooke
Tel: +44 (0) 207 523 8000
Joint Broker: Berenberg
Matthew Armitt Jennifer Wyllie
Detlir Elezi
Tel: +44 (0) 203 207 7800
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus Richard Allan
Tel: +44 (0) 203 848 1640
Investor Relations: Powerscourt
Peter Ogden Linda Gu
Tel: +44 (0) 7793 858 211
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 ("U(3) O(8) "). 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 U(3) O(8) 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 U(3)
O(8) with Kazatomprom, the world's largest uranium producer. Yellow
Cake currently holds 9.32 million lb of U(3) O(8) , 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 U(3) O(8) , 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.
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