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YELLOW CAKE PLC — Remuneration Information 2020
Jul 13, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 8648S
Yellow Cake PLC
13 July 2020
13 July 2020
Yellow Cake plc ("Yellow Cake" or the "Company")
Award of Share Options
Yellow Cake ("Yellow Cake" or the "Company"), a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announces the grant of new share options on 8 July 2020 to the Chief Executive Officer and the Chief Financial Officer. These options are granted under the Rules of the Yellow Cake plc Share Option Plan 2019.
Annual Bonus Options
Details of the grant of annual bonus options are summarised below:
| PDMR | Position | Annual Bonus Options Awarded | Total number of Annual Bonus Options Held |
| Andre Liebenberg | Chief Executive Officer | 27,392 | 27,392 |
| Carole Whittall | Chief Financial Officer | 21,913 | 21,913 |
All annual bonus options awarded on 8 July 2020 have an exercise price of 1 pence per share and will be exercisable one year after the date of grant, save in certain circumstances including a change of control of the Company, and will expire 18 months after the date of grant.
Long-Term Incentive Options
| PDMR | Position | Long-Term Incentive Options Awarded | Total Number of Long-Term Incentive Options Held |
| Andre Liebenberg | Chief Executive Officer | 78,262 | 162,742 |
| Carole Whittall | Chief Financial Officer | 62,609 | 130,193 |
All long-term incentive options awarded on 8 July 2020 have an exercise price of 218.10 pence per share and will be exercisable three years after the date of grant, save in certain circumstances including a change of control of the Company, and will expire ten years after the date of grant.
The exercise price of 218.10 pence per share represents the average of the mid-market closing price of the ordinary shares of the Company on AIM over the five consecutive dealing days immediately preceding the grant date.
Total number of outstanding share options
The maximum number of outstanding share options following the grants referred to above is 342,240, which if exercised, would represent approximately 0.4 per cent of the currently issued ordinary share capital of the Company excluding shares held in treasury.
The Notification of Dealing Form set out below is made in fulfilment of the obligation under Article 19 of the EU Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Andre Liebenberg | |
| 2. | Reason for the notification | ||
| a. | Position/status | Chief Executive Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 |
|
| b. | Nature of the transaction | Grant of Options | |
| c. | Price(s) and volume(s) | Exercise price: 1.0 p per share | 27,392 options |
| d. | Aggregated information · Aggregated volume · Price |
As for c above | |
| e. | Date of the transaction | 8 July 2020 | |
| f. | Place of the transaction | Off market |
| 5. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Andre Liebenberg | |
| 6. | Reason for the notification | ||
| a. | Position/status | Chief Executive Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| 7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| 8. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 |
|
| b. | Nature of the transaction | Grant of Options | |
| c. | Price(s) and volume(s) | Exercise price: 218.10 p per share | 78,262 options |
| d. | Aggregated information · Aggregated volume · Price |
As for c above | |
| e. | Date of the transaction | 8 July 2020 | |
| f. | Place of the transaction | Off market |
| 9. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Carole Whittall | |
| 10. | Reason for the notification | ||
| a. | Position/status | Chief Financial Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| 11. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| 12. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 |
|
| b. | Nature of the transaction | Grant of Options | |
| c. | Price(s) and volume(s) | Exercise price: 1.0 p per share | 21,913 options |
| d. | Aggregated information · Aggregated volume · Price |
As for c above | |
| e. | Date of the transaction | 8 July 2020 | |
| f. | Place of the transaction | Off market |
| 13. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Carole Whittall | |
| 14. | Reason for the notification | ||
| a. | Position/status | Chief Financial Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| 15. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| 16. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 |
|
| b. | Nature of the transaction | Grant of Options | |
| c. | Price(s) and volume(s) | Exercise price: 218.10 p per share | 62,609 options |
| d. | Aggregated information · Aggregated volume · Price |
As for c above | |
| e. | Date of the transaction | 8 July 2020 | |
| f. | Place of the transaction | Off market |
ENQUIRIES:
| Yellow Cake plc | ||
| Andre Liebenberg, CEO | Carole Whittall, CFO | |
| Tel: +44 (0) 153 488 5200 | ||
| Nominated Adviser and Joint Broker: Numis Securities Limited | ||
| John Prior | Paul Gillam | |
| Alamgir Ahmed | ||
| Tel: +44 (0) 207 260 1000 | ||
| 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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