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Yellow Cake PLC (YCA)

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Monday 28 September, 2020

Yellow Cake PLC

Transaction in Own Shares

RNS Number : 2178A
Yellow Cake PLC
28 September 2020
 

28 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 25 September 2020, it purchased 62,000 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:

25 September 2020

Aggregate number of ordinary shares purchased:

62,000

Lowest price paid per share (pence per share):

198.00

Highest price paid per share (pence per share):

200.50

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

199.13

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,601,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,614,331.

 

The above figure of 84,614,331 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 Canaccord Genuity Limited as part of the Programme.



 

Individual transactions:

 

Number of shares
purchased

Transaction price
(pence per share)

Time of transaction

Execution venue

2,408

198.80

08:19:43

AIMX

1,374

198.80

08:19:43

AIMX

1,000

198.80

08:19:43

AIMX

50

198.80

08:19:43

AIMX

168

198.80

08:19:43

AIMX

1,092

199.80

09:32:44

AIMX

1,750

199.80

09:32:44

AIMX

94

199.80

09:32:44

AIMX

1,430

199.80

09:32:44

AIMX

150

199.80

09:32:44

AIMX

300

199.80

09:32:44

AIMX

184

199.80

09:32:44

AIMX

1,822

199.00

09:32:54

AIMX

386

199.00

09:35:54

AIMX

1,000

199.00

09:35:54

AIMX

2,429

199.00

10:58:37

AIMX

571

199.00

10:58:37

AIMX

571

199.00

10:58:37

AIMX

1,842

199.00

10:58:39

AIMX

587

199.00

10:58:39

AIMX

810

199.00

10:58:39

AIMX

587

199.00

10:58:39

AIMX

475

199.00

10:58:40

AIMX

797

199.00

10:58:40

AIMX

1,272

199.00

10:58:40

AIMX

331

199.00

10:58:40

AIMX

1,520

199.00

10:58:40

AIMX

2,226

198.00

11:00:51

AIMX

4,608

198.00

11:22:09

AIMX

2,774

198.00

11:22:09

AIMX

392

198.00

11:22:10

AIMX

98

199.20

13:46:31

AIMX

95

199.20

13:46:41

AIMX

92

199.20

13:46:51

AIMX

89

199.20

13:47:01

AIMX

938

199.20

13:47:01

AIMX

84

199.20

13:47:06

AIMX

596

199.20

13:47:06

AIMX

84

199.20

13:47:11

AIMX

369

199.20

13:47:11

AIMX

81

199.20

13:47:22

AIMX

81

199.20

13:47:22

AIMX

474

199.20

13:47:22

AIMX

79

199.20

13:47:31

AIMX

2,921

199.20

13:47:37

AIMX

77

199.20

13:47:42

AIMX

72

199.20

13:48:02

AIMX

67

199.20

13:48:06

AIMX

67

199.20

13:48:11

AIMX

65

199.20

13:48:21

AIMX

63

199.20

13:48:31

AIMX

906

199.20

13:48:31

AIMX

61

199.20

13:48:41

AIMX

59

199.20

13:48:51

AIMX

57

199.20

13:49:01

AIMX

53

199.20

13:49:06

AIMX

54

199.20

13:49:11

AIMX

2,500

199.00

13:54:17

AIMX

1,000

199.40

15:18:33

AIMX

2,221

199.40

15:18:33

AIMX

198

199.40

15:18:33

AIMX

320

199.40

15:18:33

AIMX

144

199.40

15:18:33

AIMX

1,060

199.40

15:18:33

AIMX

57

199.40

15:18:33

AIMX

1,158

198.80

15:54:07

AIMX

945

198.80

15:54:07

AIMX

67

198.80

15:58:24

AIMX

70

198.80

15:58:32

AIMX

71

198.80

15:58:42

AIMX

71

198.80

15:58:52

AIMX

71

198.80

15:59:01

AIMX

47

198.80

15:59:12

AIMX

86

200.00

16:05:47

AIMX

249

200.00

16:05:52

AIMX

743

200.00

16:05:52

AIMX

62

200.00

16:05:52

AIMX

155

200.00

16:05:52

AIMX

377

200.00

16:05:56

AIMX

458

199.60

16:06:30

AIMX

250

199.60

16:08:08

AIMX

312

199.60

16:11:18

AIMX

19

200.50

16:26:53

AIMX

119

200.50

16:26:53

AIMX

11

200.50

16:26:53

AIMX

1,349

200.50

16:26:53

AIMX

1,022

200.50

16:26:53

AIMX

182

200.50

16:26:53

AIMX

2,443

200.50

16:26:53

AIMX

1,481

200.50

16:29:40

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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