YELLOW CAKE PLC

Board/Management Information • Apr 1, 2021

National Storage Mechanism | Additional information

RNS Number : 2161U

Yellow Cake PLC

01 April 2021

1 April 2021

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

Board Change

Yellow Cake, a specialist company operating in the uranium sector, with a view to holding physical uranium for the long term, is pleased to confirm the appointment of Emily Manning as an independent non-executive director with effect from 31 March 2021. Emily acts as a Client Director of Langham Hall Fund Management (Jersey) Limited, which provides administrative services to the Company.

Emily has over 12 years of experience in the Jersey finance industry, with a background in real estate, funds, corporate and private clients. She currently holds directorships with a number of real estate and private equity-based boards with a focus on commercial retail, private and residential development and European industrial logistics. She has also previously held directorships for a number of listed and regulated funds and real estate companies, including board positions with some of London's largest real estate developments, and oversaw capital markets transactions as part of a portfolio worth over US$13bn AUM.

Emily brings to the board comprehensive knowledge of the running and regulations of Jersey structures with a strong understanding of internal governance and company secretarial experience.

Emily has been a Principal Person with the Jersey Financial Services Commission since 2018 and holds her ICSA Diploma table 4 qualification.

Emily's appointment follows the resignation of Alexandra Nethercott-Parkes as an independent non-executive director with effect from 31 March 2021. The Board would like to take this opportunity to express its sincere gratitude to Alexandra for her significant contribution to Yellow Cake.

Further information in relation to the Director appointment

Emily Manning

Emily Manning (aged 32) has confirmed that, other than the information disclosed below, there are no matters to be disclosed under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.

Current directorships

Present Made Eddington Property Company Limited	CSHV IUK ET ResiCo Limited	Gramercy Property Europe IV CC GP Limited
Present Made Houghton Conquest Property Company Limited	CSHV IUK KB Holdco Limited	BLG Real Estate II Limited
Graduate Two Limited - in voluntary liquidation*	CSHV IUK KB Propco Limited	BLG Real Estate Limited
Athena Holding Limited	Wessex Winchester Propco Limited	BLG Capital Limited
DFG TO GP Limited	Eagle Island Limited	95 QVS Limited
DFI Jersey Holding GP Limited	Kimpton Limited	Kings Park Capital II GP (Jersey) Limited
DFI Olympus Jersey Holding GP Limited	MCTGF Trustee 1 Limited	Mitheridge Opportunity Fund II GP LLP
DFTO Jersey Holdings GP Limited	MCTGF Trustee 2 Limited	Volcap Student Homes GP Limited
CSHV IUK BW Holdco Limited	Marchmont Last Mile UK Logistics GP Limited	Grand South Limited
CSHV IUK BW Propco Limited	Marchmont Wokingham Limited	Solas Investment Limited
CSHV IUK ET DevCo Limited	Picture Living Trustee 1 Ltd	Solas Property Holding GP Limited
CSHV IUK ET Holdco Limited	Picture Living Unitholder Ltd	MOF Lender Limited
CSHV IUK ET OfficeCo Limited	Uninn Investment Fund Limited	Chenies Street Limited
CSHV IUK ET Propco Limited	GEJ Holding Limited	ATIM UK Property Holdings Limited

* Graduate Two Limited was put into liquidation on the 24th December 2020, following the transfer of the main asset, the Company no longer provided any economic or strategic value and the board considered that it was appropriate to take steps to initiate the winding up of the company.  

Previous directorships held in the last 5 years

Verity Property Bond Fund Limited	Paloma I (Retail I) Trustee I Limited	STEMS US Properties Limited
Swiss Equity Capital Investment V Limited	Paloma I (Retail I) Trustee II Limited	Trea Holdings Jersey Limited
Mali Limited	Paloma I (Unitholder) Limited	Tres Holdings Jersey Limited
Gramercy-Townsend Feeder 2 Limited	Paloma II (Industrial I) Trustee Limited	TRG Holdings Jersey Limited
Gramercy Property Europe IV Townsend Feeder Limited	Paloma II (Industrial II) Trustee I Limited	TRP Holdings Jersey Limited
MOF SPV Limited	Paloma II (Industrial II) Trustee II Limited	Black Diamond US Properties Limited
AI Senior Capital (GP) Limited	Paloma II (Industrial III) Trustee I Limited	BLG Aparts Limited
AI Senior Capital Second Unitholder Limited	Paloma II (Industrial III) Trustee II Limited	BLG Finance Limited
AI Senior Capital Trustee Limited	Paloma II (Office I) Trustee I Limited	Luxgrove General Partner Ltd
Paloma I (Industrial I) Trustee I Limited	Paloma II (Office I) Trustee II Limited	Willow Brook Centre Bristol Limited
Paloma I (Industrial I) Trustee II Limited	Paloma II (Unitholder) I Limited	Bolingbroke Office Trustee 1 Limited
Paloma I (Industrial II) Trustee I Limited	WGIF (Jersey) Trustee I Limited	Bolingbroke Office Trustee 2 Limited
Paloma I (Industrial II) Trustee II Limited	WGIF (Jersey) Trustee II Limited	Norfolk Partners Limited
Paloma I (Industrial III) Trustee I Limited	Olympus Hospitality Holding Ltd	WLIF (Jersey) Trustee I Limited
Paloma I (Industrial III) Trustee II Limited	Olympus Jersey Holding Ltd	WLIF (Jersey) Trustee I Limited
Paloma I (Office I) Trustee I Limited	Olympus Property Holding Ltd	WLIF Unitholder Limited
Paloma I (Office I) Trustee II Limited	Olympus Residential Holding Ltd

Shareholding in the Company 

Nil.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

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
Varun Talwar	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 founded and established by Bacchus Capital and 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 9.86 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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