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Yellow Cake PLC (YCA)

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Monday 14 September, 2020

Yellow Cake PLC

Transaction in Own Shares

RNS Number : 8177Y
Yellow Cake PLC
14 September 2020
 

14 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 11 September 2020, it purchased 78,000 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:

11 September 2020

Aggregate number of ordinary shares purchased:

78,000

Lowest price paid per share (pence per share):

212.50

Highest price paid per share (pence per share):

215.00

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

213.46

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,332,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,883,331.

 

The above figure of 84,883,331 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

1,570

215.00

09:15:23

AIMX

298

215.00

09:15:23

AIMX

3,132

215.00

09:15:23

AIMX

1,200

214.50

09:51:02

AIMX

1

214.50

09:51:02

AIMX

1,917

214.50

09:51:02

AIMX

1,443

214.50

09:51:02

AIMX

1,394

214.50

09:51:02

AIMX

499

214.50

09:51:02

AIMX

693

214.50

09:51:02

AIMX

1

214.50

09:51:03

AIMX

3

214.50

09:56:14

AIMX

2,849

214.50

09:56:30

AIMX

300

213.50

09:56:56

AIMX

1,000

213.50

09:56:57

AIMX

3,700

213.50

09:56:57

AIMX

140

212.50

10:08:56

AIMX

234

212.50

10:09:02

AIMX

1,208

212.50

10:09:02

AIMX

3,418

212.50

10:09:02

AIMX

1,514

212.50

10:09:02

AIMX

1,281

212.50

10:09:03

AIMX

234

212.50

10:09:11

AIMX

735

212.50

10:09:11

AIMX

234

212.50

10:09:41

AIMX

234

212.50

10:10:57

AIMX

116

212.50

10:17:28

AIMX

652

212.50

10:17:28

AIMX

116

212.50

10:17:28

AIMX

1,852

212.50

10:17:28

AIMX

1,524

212.50

10:29:02

AIMX

1,624

212.50

10:29:03

AIMX

316

212.50

10:29:03

AIMX

100

213.50

11:10:37

AIMX

96

213.50

11:10:44

AIMX

92

213.50

11:10:51

AIMX

89

213.50

11:11:16

AIMX

85

213.50

11:11:29

AIMX

81

213.50

11:11:34

AIMX

78

213.50

11:11:55

AIMX

74

213.50

11:12:01

AIMX

71

213.50

11:12:11

AIMX

68

213.50

11:12:21

AIMX

65

213.50

11:12:31

AIMX

62

213.50

11:12:41

AIMX

59

213.50

11:12:51

AIMX

1

213.50

11:13:04

AIMX

1

213.50

11:13:55

AIMX

71

213.50

11:31:19

AIMX

1

213.50

11:41:37

AIMX

9

213.50

12:02:04

AIMX

7

213.50

12:02:04

AIMX

137

213.50

12:02:04

AIMX

700

213.50

12:13:25

AIMX

1,000

213.50

12:13:25

AIMX

163

213.50

12:13:25

AIMX

156

213.50

12:13:31

AIMX

148

213.50

12:13:41

AIMX

140

213.50

12:13:51

AIMX

84

213.50

12:14:01

AIMX

12

213.50

12:14:05

AIMX

2

213.50

12:14:11

AIMX

171

213.50

12:20:29

AIMX

477

213.50

12:20:29

AIMX

89

213.50

12:20:29

AIMX

109

213.50

12:20:35

AIMX

28

213.50

12:20:41

AIMX

5

213.50

12:20:46

AIMX

4

213.50

12:24:02

AIMX

95

213.50

13:31:33

AIMX

92

213.50

13:31:41

AIMX

89

213.50

13:31:52

AIMX

1,169

213.50

13:31:54

AIMX

2,800

213.50

13:31:54

AIMX

755

213.50

13:31:54

AIMX

178

213.50

13:31:54

AIMX

199

213.50

13:32:00

AIMX

86

213.50

13:32:02

AIMX

75

213.50

13:32:07

AIMX

81

213.50

13:32:13

AIMX

79

213.50

13:32:22

AIMX

77

213.50

13:32:31

AIMX

74

213.50

13:32:41

AIMX

72

213.50

13:32:51

AIMX

70

213.50

13:33:01

AIMX

1,169

213.50

13:33:01

AIMX

62

213.50

13:33:06

AIMX

63

213.50

13:33:11

AIMX

61

213.50

13:33:21

AIMX

59

213.50

13:33:31

AIMX

57

213.50

13:33:41

AIMX

55

213.50

13:33:51

AIMX

1,000

213.50

13:33:51

AIMX

53

213.50

13:34:01

AIMX

52

213.50

13:34:11

AIMX

50

213.50

13:34:21

AIMX

49

213.50

13:34:32

AIMX

48

213.50

13:35:23

AIMX

50

213.50

13:37:00

AIMX

122

213.50

13:37:00

AIMX

1,059

213.50

13:37:00

AIMX

33

213.50

13:37:00

AIMX

7,228

213.00

13:50:30

AIMX

2,772

213.00

13:50:30

AIMX

1,100

213.05

14:42:32

AIMX

599

213.50

15:40:46

AIMX

221

213.50

15:59:55

AIMX

215

213.50

15:59:55

AIMX

21

213.50

15:59:55

AIMX

177

213.50

15:59:55

AIMX

324

213.50

15:59:55

AIMX

1,314

213.50

16:12:10

AIMX

45

213.50

16:12:10

AIMX

50

213.50

16:21:39

AIMX

73

213.50

16:24:28

AIMX

40

213.50

16:26:58

AIMX

68

213.50

16:27:32

AIMX

178

213.50

16:28:48

AIMX

49

213.50

16:28:49

AIMX

47

213.50

16:29:37

AIMX

114

213.50

16:29:53

AIMX

54

213.50

16:29:53

AIMX

55

213.50

16:29:53

AIMX

24

213.50

16:29:57

AIMX

1,834

213.50

16:35:03

AIMX

97

213.50

16:35:03

AIMX

1,209

213.50

16:35:03

AIMX

134

213.50

16:35:03

AIMX

282

213.50

16:35:03

AIMX

768

213.50

16:35:03

AIMX

785

213.50

16:35:03

AIMX

3

213.50

16:35:03

AIMX

47

213.50

16:35:03

AIMX

53

213.50

16:35:03

AIMX

140

213.50

16:35:03

AIMX

101

213.50

16:35:03

AIMX

595

213.50

16:35:03

AIMX

320

213.50

16:35:03

AIMX

48

213.50

16:35:03

AIMX

11

213.50

16:35:03

AIMX

673

213.50

16:35:03

AIMX

2,454

213.50

16:35:03

AIMX

2,807

213.50

16:35:03

AIMX

871

213.50

16:37:05

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.

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