YELLOW CAKE PLC

Transaction in Own Shares • May 6, 2022

National Storage Mechanism | Additional information

RNS Number : 5352K

Yellow Cake PLC

06 May 2022

06 May 2022

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 5 May 2022, it purchased 49,500 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 share buyback programme announced on 4 April 2022 (the "Programme"). The Shares acquired will be held in treasury.

Date of purchase:	05 May 2022
Aggregate number of ordinary shares purchased:	49,500
Lowest price paid per share (pence per share):	386.8p
Highest price paid per share (pence per share):	403.0p
Volume weighted average price paid per share (pence per share):	398.1p

Following the purchase, the Company will have 187,740,730 ordinary shares of £0.01 each in issue, of which 4,601,329 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 183,139,401.

The above figure of 183,139,401 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
218	402.00	08:00:20	AIMX
49	402.00	08:00:20	AIMX
1,203	401.00	08:00:20	AIMX
1,099	399.60	08:03:23	AIMX
1,099	399.80	08:03:23	AIMX
1,253	402.60	08:10:23	AIMX
1,326	403.00	09:38:54	AIMX
1,123	403.00	09:38:54	AIMX
1,273	403.00	09:38:54	AIMX
1,241	403.00	09:38:54	AIMX
4,087	403.00	09:38:54	AIMX
1,227	402.60	09:38:55	AIMX
125	401.40	11:52:02	AIMX
1,203	401.40	11:52:02	AIMX
1,184	400.40	12:13:11	AIMX
339	402.40	12:59:53	AIMX
192	402.40	12:59:53	AIMX
609	402.40	12:59:53	AIMX
335	402.80	13:14:35	AIMX
1	402.80	13:14:35	AIMX
345	402.80	13:17:59	AIMX
399	402.80	13:22:47	AIMX
173	402.80	13:22:53	AIMX
52	402.80	13:22:53	AIMX
37	402.40	13:29:34	AIMX
1,256	402.40	13:29:34	AIMX
406	399.00	13:38:17	AIMX
625	399.00	13:38:18	AIMX
60	399.00	13:39:13	AIMX
21	399.00	13:39:13	AIMX
17	401.00	13:43:23	AIMX
1,211	401.00	13:43:23	AIMX
1,164	401.80	13:54:31	AIMX
1,132	402.00	14:08:59	AIMX
25	400.40	14:29:56	AIMX
1,077	400.40	14:29:56	AIMX
311	402.60	14:32:50	AIMX
221	402.60	14:32:50	AIMX
566	402.60	14:32:50	AIMX
1,326	402.40	14:32:55	AIMX
87	400.40	14:43:03	AIMX
1,148	400.40	14:43:03	AIMX
1,286	398.40	14:55:57	AIMX
1,100	396.60	15:02:30	AIMX
1,329	395.60	15:11:20	AIMX
45	395.80	15:22:19	AIMX
1,223	395.80	15:22:19	AIMX
220	395.20	15:33:02	AIMX
940	395.20	15:33:02	AIMX
609	394.60	15:36:38	AIMX
529	394.60	15:36:38	AIMX
1,180	394.40	15:47:31	AIMX
22	391.60	15:59:56	AIMX
806	391.60	16:02:20	AIMX
458	391.60	16:02:20	AIMX
524	390.60	16:09:02	AIMX
789	390.60	16:09:02	AIMX
1,125	389.60	16:15:30	AIMX
346	389.20	16:22:51	AIMX
116	389.20	16:22:58	AIMX
688	389.20	16:23:14	AIMX
148	389.20	16:23:16	AIMX
1,164	388.40	16:24:44	AIMX
149	388.40	16:24:44	AIMX
944	386.80	16:35:01	AIMX
2,915	386.80	16:35:01	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
Gordon Hamilton 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	Molly Melville
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 15.83 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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