Transaction in Own Shares

RNS Number : 2005K
Yellow Cake PLC
04 May 2022
 

04 May 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 03 May 2022, it purchased 83,917 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 04 April 2022 (the "Programme"). The Shares acquired will be held in treasury.

 

Date of purchase:

03 May 2022

Aggregate number of ordinary shares purchased:

83,917

Lowest price paid per share (pence per share):

388.2p

Highest price paid per share (pence per share):

395.0p

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

392.3p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,501,289 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 183,238,901.

 

The above figure of 183,238,901 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

3,015

395.00

08:13:27

AIMX

326

395.00

08:13:27

AIMX

1,659

395.00

08:13:27

AIMX

326

395.00

08:13:27

AIMX

3,015

395.00

08:14:11

AIMX

997

395.00

08:14:11

AIMX

988

395.00

08:14:11

AIMX

4,284

395.00

08:14:11

AIMX

1,010

395.00

08:14:11

AIMX

1,010

395.00

08:14:11

AIMX

1

395.00

08:14:11

AIMX

2,979

395.00

08:14:13

AIMX

5,110

395.00

08:14:13

AIMX

280

395.00

08:14:13

AIMX

1,224

392.00

08:17:33

AIMX

387

391.40

08:17:58

AIMX

118

391.40

08:17:58

AIMX

376

391.40

08:21:34

AIMX

362

392.00

08:24:34

AIMX

240

392.00

08:25:25

AIMX

81

392.00

08:25:25

AIMX

321

391.80

08:26:15

AIMX

380

391.40

08:26:15

AIMX

412

391.00

08:26:15

AIMX

1,000

391.40

08:26:15

AIMX

123

390.60

08:26:15

AIMX

225

390.60

08:26:15

AIMX

329

390.20

08:26:17

AIMX

115

390.20

08:26:17

AIMX

18

389.40

08:29:52

AIMX

430

389.40

08:29:52

AIMX

19

389.40

08:29:52

AIMX

168

389.40

08:29:52

AIMX

120

390.00

08:31:38

AIMX

204

390.00

08:31:38

AIMX

361

390.00

08:31:38

AIMX

349

390.00

08:40:03

AIMX

382

390.00

08:40:03

AIMX

378

391.20

08:41:10

AIMX

277

391.20

08:41:10

AIMX

398

391.20

08:41:25

AIMX

378

392.00

08:42:08

AIMX

6

392.00

08:42:08

AIMX

385

392.00

08:42:38

AIMX

361

392.00

08:42:38

AIMX

329

392.00

08:45:42

AIMX

351

392.00

08:45:42

AIMX

74

392.00

08:52:09

AIMX

290

392.00

08:53:12

AIMX

193

392.00

08:58:29

AIMX

822

392.00

09:11:50

AIMX

445

391.40

09:11:50

AIMX

747

392.00

09:11:50

AIMX

348

392.00

09:13:47

AIMX

56

392.00

09:13:47

AIMX

301

392.00

09:13:47

AIMX

126

392.00

09:13:47

AIMX

31

392.00

09:13:47

AIMX

743

391.00

09:21:15

AIMX

352

390.60

09:21:25

AIMX

380

390.80

09:21:25

AIMX

514

390.80

09:22:50

AIMX

692

390.80

09:22:50

AIMX

418

391.20

09:28:25

AIMX

433

391.20

09:28:25

AIMX

378

391.80

09:33:08

AIMX

6

391.80

09:33:08

AIMX

352

391.80

09:33:08

AIMX

378

392.00

09:33:22

AIMX

12

392.00

09:33:22

AIMX

355

391.80

09:33:22

AIMX

321

390.60

09:33:56

AIMX

444

391.60

09:35:15

AIMX

488

391.60

09:35:15

AIMX

101

392.00

09:36:35

AIMX

18

392.00

09:36:35

AIMX

257

392.00

09:36:35

AIMX

376

391.60

09:36:35

AIMX

333

390.60

09:47:02

AIMX

91

391.40

09:49:40

AIMX

218

391.20

09:49:40

AIMX

199

391.60

09:49:40

AIMX

85

391.60

09:49:40

AIMX

360

391.80

09:49:40

AIMX

59

391.80

09:51:40

AIMX

331

391.60

09:53:40

AIMX

338

391.60

09:54:40

AIMX

53

391.60

09:54:52

AIMX

367

391.40

09:55:50

AIMX

382

391.40

09:58:02

AIMX

356

391.00

10:00:37

AIMX

32

391.00

10:00:37

AIMX

738

392.00

10:01:47

AIMX

413

390.00

10:44:22

AIMX

699

390.00

10:44:22

AIMX

438

390.00

10:44:22

AIMX

83

389.40

10:44:22

AIMX

21

389.40

10:44:22

AIMX

321

389.40

10:44:22

AIMX

756

389.00

10:44:27

AIMX

66

389.00

10:44:27

AIMX

333

389.20

10:44:27

AIMX

349

389.60

10:45:45

AIMX

28

390.00

10:57:01

AIMX

213

390.00

10:57:01

AIMX

110

390.00

10:57:01

AIMX

22

390.00

10:57:01

AIMX

378

390.00

10:57:01

AIMX

313

390.00

10:57:01

AIMX

20

390.00

10:57:01

AIMX

154

390.00

11:01:01

AIMX

235

390.00

11:01:01

AIMX

399

390.00

11:01:01

AIMX

831

390.00

11:01:01

AIMX

231

389.00

11:01:04

AIMX

336

389.60

11:01:04

AIMX

141

389.00

11:07:50

AIMX

375

389.00

11:07:50

AIMX

488

389.00

11:08:18

AIMX

165

389.20

11:08:18

AIMX

1,000

389.40

11:08:18

AIMX

84

389.60

11:08:18

AIMX

364

389.80

11:08:45

AIMX

37

389.80

11:08:45

AIMX

359

389.80

11:08:45

AIMX

330

390.00

11:10:55

AIMX

367

390.00

11:11:35

AIMX

389

389.80

11:14:04

AIMX

99

390.00

11:14:04

AIMX

466

390.00

11:14:04

AIMX

348

390.00

11:20:08

AIMX

371

390.00

11:20:08

AIMX

440

389.40

11:26:02

AIMX

342

389.00

11:36:50

AIMX

343

389.40

11:37:45

AIMX

344

389.00

11:38:48

AIMX

412

388.80

11:45:03

AIMX

216

388.80

11:45:03

AIMX

378

389.00

11:45:03

AIMX

470

389.00

11:45:03

AIMX

378

389.20

11:47:41

AIMX

270

389.00

11:47:41

AIMX

343

389.20

11:50:41

AIMX

372

389.40

11:57:46

AIMX

372

389.00

11:58:00

AIMX

342

388.20

12:01:20

AIMX

345

388.20

12:01:20

AIMX

30

388.20

12:01:22

AIMX

23

388.20

12:01:22

AIMX

642

389.00

12:03:26

AIMX

441

389.20

12:03:26

AIMX

190

389.20

12:03:26

AIMX

181

389.20

12:03:26

AIMX

270

389.60

12:03:30

AIMX

113

389.60

12:03:30

AIMX

378

390.00

12:14:56

AIMX

128

390.00

12:35:18

AIMX

342

390.00

12:35:18

AIMX

368

390.00

12:35:18

AIMX

30

390.00

12:35:18

AIMX

389

390.00

13:06:12

AIMX

391

390.00

13:06:12

AIMX

384

390.00

13:06:12

AIMX

85

390.00

13:06:12

AIMX

381

390.00

13:06:12

AIMX

356

389.60

13:06:17

AIMX

1,248

393.80

16:35:10

AIMX

49

393.80

16:35:10

AIMX

1,320

393.80

16:35:10

AIMX

1,403

393.80

16:35:10

AIMX

1,254

393.80

16:35:10

AIMX

4,700

393.80

16:35:10

AIMX

373

393.80

16:35:10

AIMX

570

393.80

16:35:10

AIMX

379

393.80

16:35:10

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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