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YELLOW CAKE PLC
Transaction in Own Shares • Sep 29, 2020
8031_rns_2020-09-29_21befeff-604a-47ca-93ee-e792070cabc8.html
Transaction in Own Shares
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National Storage Mechanism | Additional information 
RNS Number : 3683A
Yellow Cake PLC
29 September 2020
29 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 28 September 2020, it purchased 58,000 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: | 28 September 2020 |
| Aggregate number of ordinary shares purchased: | 58,000 |
| Lowest price paid per share (pence per share): | 198.60 |
| Highest price paid per share (pence per share): | 199.60 |
| Volume weighted average price paid per share (pence per share): | 199.14 |
Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,659,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,556,331.
The above figure of 84,556,331 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 |
|---|---|---|---|
| 2,500 | 198.60 | 09:06:26 | AIMX |
| 1,252 | 198.60 | 09:06:32 | AIMX |
| 752 | 198.60 | 09:06:32 | AIMX |
| 1,248 | 198.60 | 09:06:32 | AIMX |
| 408 | 198.60 | 09:24:17 | AIMX |
| 203 | 198.60 | 09:56:43 | AIMX |
| 1,803 | 199.00 | 10:12:32 | AIMX |
| 164 | 199.00 | 10:12:32 | AIMX |
| 697 | 199.00 | 10:12:32 | AIMX |
| 2,500 | 199.00 | 10:23:28 | AIMX |
| 2,500 | 199.00 | 10:23:32 | AIMX |
| 973 | 199.00 | 10:23:35 | AIMX |
| 409 | 198.80 | 12:08:09 | AIMX |
| 286 | 199.60 | 13:07:46 | AIMX |
| 400 | 199.60 | 13:07:46 | AIMX |
| 364 | 199.60 | 13:07:46 | AIMX |
| 1,299 | 199.60 | 13:07:46 | AIMX |
| 1,000 | 199.60 | 13:07:46 | AIMX |
| 569 | 199.60 | 13:07:46 | AIMX |
| 701 | 199.60 | 13:07:46 | AIMX |
| 1,122 | 199.60 | 13:07:46 | AIMX |
| 1,878 | 199.60 | 13:07:52 | AIMX |
| 1,229 | 199.60 | 13:07:52 | AIMX |
| 743 | 199.60 | 13:07:59 | AIMX |
| 1,072 | 199.60 | 14:07:09 | AIMX |
| 2,500 | 199.60 | 14:07:09 | AIMX |
| 2,500 | 199.60 | 14:07:09 | AIMX |
| 402 | 199.60 | 14:07:44 | AIMX |
| 2,000 | 199.60 | 14:19:40 | AIMX |
| 98 | 199.60 | 14:29:53 | AIMX |
| 196 | 199.60 | 14:29:53 | AIMX |
| 2,304 | 199.60 | 14:31:16 | AIMX |
| 83 | 199.60 | 14:31:19 | AIMX |
| 82 | 199.60 | 14:31:25 | AIMX |
| 81 | 199.60 | 14:31:31 | AIMX |
| 79 | 199.60 | 14:31:41 | AIMX |
| 77 | 199.60 | 14:31:51 | AIMX |
| 74 | 199.60 | 14:32:02 | AIMX |
| 73 | 199.60 | 14:32:11 | AIMX |
| 70 | 199.60 | 14:32:21 | AIMX |
| 68 | 199.60 | 14:32:31 | AIMX |
| 66 | 199.60 | 14:32:41 | AIMX |
| 64 | 199.60 | 14:32:51 | AIMX |
| 62 | 199.60 | 14:33:02 | AIMX |
| 70 | 199.60 | 14:33:02 | AIMX |
| 67 | 199.60 | 14:37:19 | AIMX |
| 100 | 199.60 | 14:37:19 | AIMX |
| 65 | 199.60 | 14:37:25 | AIMX |
| 341 | 199.60 | 14:37:25 | AIMX |
| 406 | 199.60 | 14:41:04 | AIMX |
| 1,000 | 199.20 | 14:58:48 | AIMX |
| 1,290 | 199.20 | 14:58:48 | AIMX |
| 904 | 199.20 | 14:58:58 | AIMX |
| 1,063 | 199.20 | 15:00:23 | AIMX |
| 250 | 199.20 | 15:12:06 | AIMX |
| 416 | 199.20 | 15:21:04 | AIMX |
| 77 | 199.20 | 15:35:04 | AIMX |
| 682 | 198.80 | 16:05:03 | AIMX |
| 400 | 198.80 | 16:05:03 | AIMX |
| 916 | 198.80 | 16:07:03 | AIMX |
| 47 | 198.80 | 16:07:03 | AIMX |
| 105 | 198.80 | 16:07:03 | AIMX |
| 100 | 198.80 | 16:07:03 | AIMX |
| 22 | 198.80 | 16:07:03 | AIMX |
| 250 | 198.80 | 16:07:03 | AIMX |
| 386 | 198.80 | 16:08:24 | AIMX |
| 385 | 198.80 | 16:10:04 | AIMX |
| 274 | 198.80 | 16:10:19 | AIMX |
| 200 | 198.80 | 16:11:03 | AIMX |
| 387 | 198.80 | 16:11:44 | AIMX |
| 5,000 | 198.60 | 16:12:05 | AIMX |
| 4,978 | 198.80 | 16:12:05 | AIMX |
| 868 | 198.80 | 16:12:05 | 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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