Transaction in Own Shares

RNS Number : 7850J
Yellow Cake PLC
29 April 2022
 

29 April 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 28 April 2022, it purchased 100,000 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 share buyback programme announced on 4 April 2022 (the "Programme"). The Shares acquired will be held in treasury.

 

Date of purchase:

28 April 2022

Aggregate number of ordinary shares purchased:

100,000

Lowest price paid per share (pence per share):

391.0p

Highest price paid per share (pence per share):

395.0p

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

393.0p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,417,912 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 183,322,818.

 

The above figure of 183,322,818 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

997

395.00

09:37:55

AIMX

257

395.00

09:37:55

AIMX

3,746

395.00

09:37:55

AIMX

1,642

395.00

09:37:55

AIMX

5,000

395.00

09:50:29

AIMX

955

395.00

09:50:29

AIMX

388

395.00

09:50:29

AIMX

388

395.00

09:50:29

AIMX

388

395.00

09:50:29

AIMX

388

395.00

09:50:29

AIMX

3,448

395.00

09:50:29

AIMX

1,164

395.00

09:50:29

AIMX

109

395.00

09:50:29

AIMX

4,891

395.00

09:51:00

AIMX

353

395.00

09:51:00

AIMX

886

395.00

09:51:00

AIMX

822

394.00

13:11:44

AIMX

4,178

394.00

13:11:44

AIMX

332

394.00

13:11:44

AIMX

5,000

394.00

13:11:52

AIMX

282

394.00

13:11:52

AIMX

368

394.00

13:11:52

AIMX

409

394.00

13:12:34

AIMX

190

394.00

13:12:34

AIMX

2,470

394.00

13:12:34

AIMX

90

394.00

13:12:36

AIMX

560

394.00

13:12:36

AIMX

631

394.00

13:12:36

AIMX

560

394.00

13:12:36

AIMX

631

394.00

13:12:36

AIMX

4,369

394.00

13:12:36

AIMX

4,108

394.00

13:12:36

AIMX

5,000

392.00

13:21:46

AIMX

181

392.00

13:21:46

AIMX

437

392.00

13:22:11

AIMX

413

392.00

13:22:36

AIMX

226

392.00

13:26:31

AIMX

416

392.00

13:34:04

AIMX

413

392.00

13:35:55

AIMX

436

392.00

13:36:29

AIMX

5,000

392.00

13:49:07

AIMX

2,860

392.00

13:49:07

AIMX

2,140

392.00

13:49:07

AIMX

2,315

392.00

13:49:07

AIMX

440

392.00

13:49:23

AIMX

2,245

392.00

13:49:23

AIMX

400

392.00

13:49:23

AIMX

449

392.00

13:49:40

AIMX

302

392.00

13:49:40

AIMX

442

392.00

13:49:57

AIMX

57

391.00

14:58:41

AIMX

4,943

391.00

14:58:41

AIMX

2,429

391.00

14:58:41

AIMX

83

391.00

14:58:41

AIMX

2,429

391.00

14:58:41

AIMX

59

391.00

14:58:41

AIMX

59

391.00

14:58:41

AIMX

2,429

391.00

14:58:41

AIMX

438

391.00

14:58:48

AIMX

435

391.00

14:59:10

AIMX

1,000

391.00

14:59:19

AIMX

467

391.00

14:59:26

AIMX

172

391.00

14:59:36

AIMX

424

391.00

14:59:37

AIMX

446

391.00

14:59:51

AIMX

449

391.00

15:00:14

AIMX

452

391.00

15:00:23

AIMX

420

391.00

15:00:32

AIMX

429

391.00

15:00:41

AIMX

429

391.00

15:00:50

AIMX

1,951

391.00

15:00:50

AIMX

309

391.00

15:00:50

AIMX

332

391.00

15:00:50

AIMX

4,668

391.00

15:00:58

AIMX

384

391.00

15:00:58

AIMX

192

391.00

15:00:58

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

 

Gordon Hamilton

 

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

Molly Melville

 

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 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.

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