Award of Share Options

RNS Number : 8648S

Yellow Cake PLC

13 July 2020

 

13 July 2020

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

Award of Share Options

Yellow Cake ("Yellow Cake" or the "Company"), a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, a nnounces the grant of n ew share options on 8 July 2020 to the Chief Executive Officer and the Chief Financial Officer. These options are granted under the Rules of the Yellow Cake plc Share Option Plan 2019.

Annual Bonus Options

Details of the grant of annual bonus options are summarised below:

PDMR	Position	Annual Bonus Options Awarded	Total number of Annual Bonus Options Held
Andre Liebenberg	Chief Executive Officer	27,392	27,392
Carole Whittall	Chief Financial Officer	21,913	21,913

All annual bonus options awarded on 8 July 2020 have an exercise price of 1 pence per share and will be exercisable one year after the date of grant, save in certain circumstances including a change of control of the Company, and will expire 18 months after the date of grant.

Long-Term Incentive Options

PDMR	Position	Long-Term Incentive Options Awarded	Total Number of Long-Term Incentive Options Held
Andre Liebenberg	Chief Executive Officer	78,262	162,742
Carole Whittall	Chief Financial Officer	62,609	130,193

All long-term incentive options awarded on 8 July 2020 have an exercise price of 218.10 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 218.10 pence per share represents 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.  

Total number of outstanding share options

The maximum number of outstanding share options following the grants referred to above is 342,240, which if exercised, would represent approximately 0.4 per cent of the currently issued ordinary share capital of the Company excluding shares held in treasury.

The Notification of Dealing Form set out below is made in fulfilment of the obligation under Article 19 of the EU 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
c.	Price(s) and volume(s)	Exercise price: 1.0 p per share	27,392 options
d.	Aggregated information · Aggregated volume · Price	As for c above
e.	Date of the transaction	8 July 2020
f.	Place of the transaction	Off market

 

5.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Andre Liebenberg
6.	Reason for the notification
a.	Position/status	Chief Executive 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
c.	Price(s) and volume(s)	Exercise price: 218.10 p per share	78,262 options
d.	Aggregated information · Aggregated volume · Price	As for c above
e.	Date of the transaction	8 July 2020
f.	Place of the transaction	Off market

 

9.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Carole Whittall
10.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial notification
11.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Yellow Cake plc
b.	LEI	213800CVMYUGOA9EZY95
12.	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
c.	Price(s) and volume(s)	Exercise price: 1.0 p per share	21,913 options
d.	Aggregated information · Aggregated volume · Price	As for c above
e.	Date of the transaction	8 July 2020
f.	Place of the transaction	Off market

 

13.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Carole Whittall
14.	Reason for the notification
a.	Position/status	Chief Financial Officer
b.	Initial notification /Amendment	Initial notification
15.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Yellow Cake plc
b.	LEI	213800CVMYUGOA9EZY95
16.	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
c.	Price(s) and volume(s)	Exercise price: 218.10 p per share	62,609 options
d.	Aggregated information · Aggregated volume · Price	As for c above
e.	Date of the transaction	8 July 2020
f.	Place of the transaction	Off market

 

ENQUIRIES: 

Yellow Cake plc
Andre Liebenberg, CEO	Carole Whittall, CFO
Tel: [phone]
Nominated Adviser and Joint Broker: Numis Securities Limited
John Prior	Paul Gillam
Alamgir Ahmed
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. 

 

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