YELLOW CAKE PLC

AGM Information • Sep 7, 2022

National Storage Mechanism | Additional information

RNS Number : 6180Y

Yellow Cake PLC

07 September 2022

7 September 2022

Yellow Cake plc ("Yellow Cake" or the "Company")

Results of 2022 Annual General Meeting

Yellow Cake, a specialist company operating in the uranium sector holding physical uranium ("U3O8") for the long term, is pleased to announce that at the Annual General Meeting of the Company held on 7 September 2022 ("AGM" or the "Meeting") all resolutions were duly passed. Resolutions 1-11 were passed as ordinary resolutions and resolutions 12 and 13 were passed as special resolutions.

The full text of the resolutions passed at the Meeting can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.yellowcakeplc.com. 

The following table shows the votes cast on each resolution:

		VOTES FOR	%	VOTES AGAINST	%	TOTAL VOTES VALIDLY CAST	% OF SHARE CAPITAL WITH VOTING RIGHTS	VOTES WITHHELD
1	Annual Report and Accounts	83,009,186	100.00	0	0	83,009,186	45.33	125,370
2	Re-appoint Anthony Tudor St John, The Lord St John of Bletso	75,248,721	90.52	7,880,269	9.48	83,128,990	45.40	5,566
3	Re-appoint Andre Liebenberg	82,975,435	99.82	151,833	0.18	83,127,268	45.40	7,288
4	Re-appoint Carole Whittall	82,981,769	99.82	147,500	0.18	83,129,269	45.40	5,287
5	Re-appoint Sofia Bianchi	82,058,929	98.71	1,070,340	1.29	83,129,269	45.40	5,287
6	Re-appoint Alexander Downer	82,057,204	98.71	1,073,178	1.29	83,130,382	45.40	4,174
7	Re-appoint Alan Rule	82,056,925	98.71	1,072,065	1.29	83,128,990	45.40	5,566
8	Re-appoint Emily Manning	81,825,568	98.44	1,300,837	1.56	83,126,405	45.40	8,151
9	Re-appoint auditor	83,097,034	99.96	31,564	0.04	83,128,598	45.40	5,958
10	Auditor's remuneration	83,129,292	99.99	291	0.01	83,129,583	45.40	4,973
11	Authority to allot shares	71,657,809	86.21	11,462,542	13.79	83,120,351	45.40	14,205
12	Disapply pre-emption rights	82,209,320	98.90	916,831	1.10	83,126,151	45.40	8,405
13	Authority to purchase own shares	82,991,003	99.99	2,618	0.01	82,993,621	45.33	140,935

Notes:

(1)        A vote withheld is not a vote in law and is not counted in the calculation of votes for or against a resolution.

(2)        As at close of business on 22 July 2022, being the date used to determine the entitlement of shareholders to attend and vote at the General Meeting, the Company's issued share capital was 187,740,730 Ordinary Shares, the number of Ordinary Shares held in treasury was 4,636,331 and the total voting rights in the Company were therefore 183,104,339.

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 Lee
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-quoted 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 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 18.81 million pounds 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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