Transaction in Own Shares

RNS Number : 3779K
Yellow Cake PLC
05 May 2022
 

05 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 4 May 2022, it purchased 50,000 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:

04 May 2022

Aggregate number of ordinary shares purchased:

50,000

Lowest price paid per share (pence per share):

388.2p

Highest price paid per share (pence per share):

393.6p

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

390.9p

 

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,551,829 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 183,188,901.

 

The above figure of 183,188,901 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

1000

388.6

12:07:38

AIMX

1106

388.6

12:07:38

AIMX

63

389.6

12:08:39

AIMX

17

389.8

12:08:39

AIMX

17

389.8

12:09:44

AIMX

63

390

12:09:44

AIMX

284

390

12:10:24

AIMX

19

390

12:10:24

AIMX

333

390

12:29:01

AIMX

375

390

12:29:01

AIMX

354

389.6

12:33:01

AIMX

338

388.6

12:37:41

AIMX

38

389.6

12:39:03

AIMX

379

390

12:39:03

AIMX

346

389.2

12:39:04

AIMX

376

388.6

12:39:49

AIMX

457

388.8

12:40:10

AIMX

331

388.8

12:40:10

AIMX

335

389

12:41:14

AIMX

26

389.2

12:41:14

AIMX

451

389.2

12:41:14

AIMX

648

389.2

12:41:14

AIMX

406

390

12:51:46

AIMX

393

390

12:51:46

AIMX

508

389.2

12:51:50

AIMX

345

388.8

12:52:09

AIMX

394

389.6

13:01:04

AIMX

398

389.6

13:01:04

AIMX

457

390

13:13:37

AIMX

352

389

13:13:37

AIMX

332

389.2

13:13:37

AIMX

696

389.2

13:13:37

AIMX

1

388.8

13:13:51

AIMX

236

389

13:17:14

AIMX

112

389

13:17:14

AIMX

1

389.6

13:18:20

AIMX

145

389.6

13:18:20

AIMX

387

389.8

13:18:20

AIMX

327

389

13:18:23

AIMX

385

388.6

13:20:26

AIMX

370

388.6

13:23:03

AIMX

166

389

13:23:03

AIMX

314

389

13:23:03

AIMX

325

388.6

13:30:14

AIMX

339

388.6

13:30:14

AIMX

347

388.8

13:30:14

AIMX

332

388.8

13:38:14

AIMX

73

388.2

13:39:48

AIMX

265

388.2

13:39:48

AIMX

388

388.8

13:39:48

AIMX

327

388.6

13:43:22

AIMX

470

388.8

13:43:22

AIMX

1000

389.8

13:45:22

AIMX

191

389.8

13:45:22

AIMX

381

389.8

13:45:22

AIMX

757

389.2

13:46:03

AIMX

429

389.2

13:48:20

AIMX

419

389.2

13:48:26

AIMX

423

389.2

13:50:26

AIMX

173

388.8

13:51:04

AIMX

175

388.8

13:52:09

AIMX

484

389.2

13:53:44

AIMX

142

389.6

13:53:44

AIMX

189

389.8

13:53:44

AIMX

79

389.8

13:53:44

AIMX

224

389.8

13:53:44

AIMX

35

390

14:00:45

AIMX

17

390

14:04:20

AIMX

298

390

14:04:20

AIMX

35

390

14:07:08

AIMX

361

390

14:07:08

AIMX

383

390

14:11:15

AIMX

1

390

14:24:59

AIMX

1332

392.2

14:40:31

AIMX

3

390

14:40:46

AIMX

404

391.8

14:49:18

AIMX

911

391.8

14:49:18

AIMX

1083

392

14:55:48

AIMX

1154

391.6

14:55:48

AIMX

417

391.2

15:02:32

AIMX

663

391.2

15:02:32

AIMX

139

390.8

15:08:10

AIMX

337

390.8

15:08:10

AIMX

426

391.2

15:10:39

AIMX

1161

392.6

15:19:07

AIMX

1114

392

15:25:35

AIMX

80

393

15:27:10

AIMX

247

393

15:27:10

AIMX

282

393

15:27:10

AIMX

278

393

15:27:10

AIMX

352

393

15:27:10

AIMX

62

393

15:27:10

AIMX

203

393

15:27:28

AIMX

350

392.8

15:27:28

AIMX

1119

392.8

15:31:40

AIMX

1284

393.2

15:48:06

AIMX

1104

392.6

15:48:40

AIMX

517

393.2

15:54:33

AIMX

215

393.2

15:54:33

AIMX

2

393.2

15:54:33

AIMX

352

393.2

15:54:34

AIMX

217

393.2

15:54:35

AIMX

474

392.8

16:00:11

AIMX

364

392.8

16:00:11

AIMX

494

393.2

16:09:17

AIMX

424

392.6

16:10:41

AIMX

389

392.6

16:10:43

AIMX

362

392.6

16:11:09

AIMX

368

392.4

16:11:55

AIMX

524

392.2

16:14:00

AIMX

30

393

16:20:45

AIMX

474

393.6

16:20:55

AIMX

361

393.6

16:20:55

AIMX

1

393.6

16:20:55

AIMX

484

393.6

16:22:09

AIMX

395

393.6

16:22:10

AIMX

343

393.6

16:22:14

AIMX

96

393.4

16:23:02

AIMX

421

393.4

16:23:03

AIMX

385

393.4

16:23:57

AIMX

352

393.4

16:23:57

AIMX

491

392.6

16:29:39

AIMX

1097

390.6

16:35:14

AIMX

2227

390.6

16:35:14

AIMX

317

390.6

16:35:14

AIMX

176

390.6

16:35:14

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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