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Share Name Share Symbol Market Type Share ISIN Share Description
Yellow Cake Plc LSE:YCA London Ordinary Share JE00BF50RG45 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.80 -1.22% 389.40 390.00 390.60 393.60 388.00 392.80 517,328 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 0.0 317.4 197.8 1.8 715

Yellow Cake PLC Results of 2022 Annual General Meeting

07/09/2022 11:27am

UK Regulatory (RNS & others)


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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 ("U(3) O(8) ") 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        %        VOTES       %        TOTAL           % OF       VOTES 
                                      FOR               AGAINST                VOTES          SHARE    WITHHELD 
                                                                             VALIDLY        CAPITAL 
                                                                                CAST    WITH VOTING 
                                                                                             RIGHTS 
      Annual Report 
 1     and Accounts            83,009,186   100.00            0       0   83,009,186          45.33     125,370 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Anthony 
       Tudor St John, 
       The Lord St 
 2     John of Bletso          75,248,721    90.52    7,880,269    9.48   83,128,990          45.40       5,566 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Andre 
 3     Liebenberg              82,975,435    99.82      151,833    0.18   83,127,268          45.40       7,288 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Carole 
 4     Whittall                82,981,769    99.82      147,500    0.18   83,129,269          45.40       5,287 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Sofia 
 5     Bianchi                 82,058,929    98.71    1,070,340    1.29   83,129,269          45.40       5,287 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Alexander 
 6     Downer                  82,057,204    98.71    1,073,178    1.29   83,130,382          45.40       4,174 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Alan 
 7     Rule                    82,056,925    98.71    1,072,065    1.29   83,128,990          45.40       5,566 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Re-appoint Emily 
 8     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 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Authority to 
 11    allot shares            71,657,809    86.21   11,462,542   13.79   83,120,351          45.40      14,205 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Disapply pre-emption 
 12    rights                  82,209,320    98.90      916,831    1.10   83,126,151          45.40       8,405 
     -----------------------  -----------  -------  -----------  ------  -----------  -------------  ---------- 
      Authority to 
       purchase own 
 13    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 
 G ordon 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 (" U(3) O(8) "). 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 U(3) O(8) 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 U(3) O(8) with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 18.81 million pounds of U(3) O(8) , 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 U(3) O(8) , 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.

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 rns@lseg.com or visit www.rns.com.

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END

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September 07, 2022 06:27 ET (10:27 GMT)

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