Transaction in Own Shares

RNS Number : 6807Y
Yellow Cake PLC
11 September 2020
 

11 September 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 10 September 2020, it purchased 46,000 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 enlarged share buyback programme announced on 8 July 2020 (the "Programme"). The Shares acquired will be held in treasury.

 

Date of purchase:

10 September 2020

Aggregate number of ordinary shares purchased:

46,000

Lowest price paid per share (pence per share):

212.58

Highest price paid per share (pence per share):

213.50

Volume weighted average price paid per share (pence per share):

213.35

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,254,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,961,331.

 

The above figure of 84,961,331 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 Numis Securities Limited as part of the Programme.



 

Individual transactions:

 

Number of shares
purchased

Transaction price
(pence per share)

Time of transaction

Execution venue

499

212.58

10:15:10

AIMX

828

213.00

10:52:58

AIMX

900

213.00

10:53:01

AIMX

234

213.00

10:53:11

AIMX

900

213.00

10:53:19

AIMX

466

213.00

10:53:19

AIMX

354

213.00

10:53:19

AIMX

1,285

213.00

10:53:19

AIMX

466

213.00

10:53:19

AIMX

2,000

213.03

11:00:51

AIMX

151

213.00

11:08:56

AIMX

234

213.00

11:09:01

AIMX

1,075

213.50

11:15:52

AIMX

94

213.50

11:15:52

AIMX

201

213.50

11:15:52

AIMX

64

213.50

11:15:52

AIMX

271

213.50

11:15:52

AIMX

1,204

213.50

11:15:52

AIMX

1,273

213.50

11:15:52

AIMX

62

213.00

11:16:07

AIMX

97

213.00

11:18:34

AIMX

1,172

213.00

11:22:39

AIMX

1,231

213.00

11:22:39

AIMX

278

213.00

11:22:39

AIMX

900

213.00

11:34:56

AIMX

222

213.00

11:34:56

AIMX

1,100

213.00

11:37:11

AIMX

177

213.00

11:49:39

AIMX

234

213.00

11:49:46

AIMX

123

213.00

11:55:58

AIMX

1,185

213.50

14:49:32

AIMX

1,315

213.50

14:49:32

AIMX

233

213.50

14:49:42

AIMX

1,195

213.50

14:49:42

AIMX

1,072

213.50

14:49:42

AIMX

1,072

213.50

14:49:42

AIMX

1,169

213.50

14:49:47

AIMX

259

213.50

14:50:53

AIMX

1,169

213.50

14:50:53

AIMX

171

213.50

15:19:56

AIMX

169

213.50

15:24:42

AIMX

1,582

213.50

15:25:04

AIMX

578

213.50

15:25:04

AIMX

448

213.50

15:37:33

AIMX

1,231

213.50

15:45:49

AIMX

369

213.50

15:46:47

AIMX

331

213.50

15:50:25

AIMX

121

213.50

15:50:25

AIMX

331

213.50

15:50:25

AIMX

1,179

213.50

15:50:25

AIMX

259

213.50

15:50:25

AIMX

1,062

213.50

15:50:31

AIMX

107

213.50

15:50:31

AIMX

153

213.50

15:50:31

AIMX

326

213.50

15:52:35

AIMX

4

213.50

15:52:35

AIMX

107

213.50

15:59:58

AIMX

147

213.50

15:59:58

AIMX

226

213.50

15:59:58

AIMX

112

213.50

15:59:58

AIMX

12

213.50

15:59:58

AIMX

183

213.50

15:59:58

AIMX

1,374

213.50

16:02:24

AIMX

9

213.50

16:02:37

AIMX

1,021

213.50

16:02:37

AIMX

333

213.50

16:02:41

AIMX

149

213.50

16:17:30

AIMX

93

213.50

16:29:15

AIMX

57

213.50

16:29:58

AIMX

57

213.50

16:29:58

AIMX

103

213.50

16:29:58

AIMX

269

213.50

16:35:10

AIMX

2

213.50

16:35:10

AIMX

1,770

213.50

16:35:10

AIMX

149

213.50

16:35:10

AIMX

710

213.50

16:35:10

AIMX

475

213.50

16:35:10

AIMX

301

213.50

16:35:10

AIMX

1,000

213.50

16:35:10

AIMX

12

213.50

16:35:10

AIMX

355

213.50

16:35:10

AIMX

1,479

213.50

16:35:10

AIMX

310

213.50

16:37:06

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 ("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. 

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSLMMMTMTJBTIM

Companies

Yellow Cake (YCA)
UK 100

Latest directors dealings