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Yellow Cake PLC (YCA)

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Monday 05 October, 2020

Yellow Cake PLC

Transaction in Own Shares

RNS Number : 0242B
Yellow Cake PLC
05 October 2020
 

5 October 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 2 October 2020, it purchased 39,000 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:

2 October 2020

Aggregate number of ordinary shares purchased:

39,000

Lowest price paid per share (pence per share):

196.00

Highest price paid per share (pence per share):

199.00

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

197.03

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,840,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,375,331.

 

The above figure of 84,375,331 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

3,600

199.00

08:02:08

AIMX

1,000

199.00

08:02:08

AIMX

400

199.00

08:02:08

AIMX

271

196.80

08:12:34

AIMX

1,378

196.80

08:14:34

AIMX

456

197.00

08:52:32

AIMX

1,316

197.00

08:52:32

AIMX

992

197.00

08:52:32

AIMX

400

197.00

08:52:32

AIMX

687

197.00

08:52:32

AIMX

254

196.20

11:03:39

AIMX

254

196.20

11:05:02

AIMX

254

196.20

11:05:11

AIMX

401

196.20

11:05:19

AIMX

915

196.20

11:05:19

AIMX

422

196.20

11:05:19

AIMX

1,316

196.20

11:05:19

AIMX

330

196.20

11:05:19

AIMX

854

196.20

11:05:24

AIMX

1,431

196.20

11:08:20

AIMX

359

196.20

11:08:20

AIMX

316

196.20

11:08:20

AIMX

200

196.20

11:08:20

AIMX

1,764

196.20

11:19:33

AIMX

392

196.20

11:26:10

AIMX

344

196.20

11:26:10

AIMX

203

196.20

11:26:10

AIMX

1,272

196.20

11:30:02

AIMX

361

196.20

11:30:19

AIMX

664

196.20

11:30:19

AIMX

336

196.20

11:30:19

AIMX

700

196.20

11:30:19

AIMX

1,272

196.20

11:38:03

AIMX

363

196.20

11:42:09

AIMX

23

196.20

11:44:30

AIMX

193

196.00

13:14:55

AIMX

182

196.00

13:15:02

AIMX

1,270

196.00

14:00:09

AIMX

855

196.00

14:00:09

AIMX

116

196.20

15:04:51

AIMX

360

196.80

15:11:51

AIMX

384

196.80

15:14:32

AIMX

569

196.80

15:19:14

AIMX

359

196.80

15:24:32

AIMX

1,666

197.40

15:38:04

AIMX

834

197.40

15:38:04

AIMX

1,389

197.40

15:38:04

AIMX

167

197.40

15:38:04

AIMX

252

197.40

15:38:12

AIMX

366

197.40

15:38:57

AIMX

326

197.40

15:38:57

AIMX

1,062

197.40

15:38:57

AIMX

210

198.00

16:08:09

AIMX

202

198.00

16:08:14

AIMX

195

198.00

16:08:21

AIMX

187

198.00

16:08:31

AIMX

180

198.00

16:08:41

AIMX

173

198.00

16:08:51

AIMX

166

198.00

16:09:01

AIMX

177

198.00

16:10:18

AIMX

170

198.00

16:10:24

AIMX

159

198.00

16:10:31

AIMX

4

198.00

16:10:36

AIMX

9

198.00

16:10:41

AIMX

1

198.00

16:12:01

AIMX

450

198.00

16:12:36

AIMX

85

198.00

16:13:19

AIMX

1

198.00

16:14:36

AIMX

781

199.00

16:43:35

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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