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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-19.50 | -2.84% | 667.00 | 668.50 | 671.50 | 686.00 | 667.00 | 686.00 | 620,685 | 16:35:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Uranium-radium-vanadium Ores | 0 | -102.94M | -0.4747 | -14.16 | 1.46B |
TIDMYCA
RNS Number : 1033L
Yellow Cake PLC
08 September 2021
8 September 2021
Yellow Cake plc ("Yellow Cake" or the "Company")
Results of 2021 Annual General Meeting
Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium ("U(3) O(8) ") for the long term, announces that at the Annual General Meeting of the Company held on 8 September 2021 ("AGM") all resolutions were passed by the requisite majorities. Resolutions 1 to 11 were passed as ordinary resolutions and resolutions 12 to 14 were passed as special resolutions.
The full text of all 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 70,150,069 100.00 - - 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Anthony Tudor St John, The Lord St John 2 of Bletso 67,814,603 96.67 2,335,466 3.33 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Andre 3 Liebenberg 70,149,069 99.99 1,000 0.01 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Carole 4 Whittall 70,150,069 100.00 - - 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Sofia 5 Bianchi 70,150,069 100.00 - - 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Alexander 6 Downer 70,141,569 99.99 8,500 0.01 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Alan 7 Rule 70,148,869 100.00 - - 70,148,869 45.65 10,022 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Re-appoint Emily 8 Manning 50,280,313 71.68 19,869,756 28.32 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- 9 Re-appoint auditor 70,141,569 100.00 - - 70,141,569 45.64 17,322 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Auditor's 10 remuneration 70,143,869 100.00 - - 70,143,869 45.65 15,022 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Authority to 11 allot shares 70,142,971 99.99 7,098 0.01 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Disapply pre-emption 12 rights 70,141,771 99.99 8,098 0.01 70,149,869 45.65 9,022 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Application of remainder of March 2021 raise 13 proceeds 70,150,069 100.00 - - 70,150,069 45.65 8,822 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ---------- Authority to purchase own 14 shares 70,151,182 100.00 - - 70,151,182 45.65 7,709 ---------------------- ----------- ---------- ----------- ---------- ----------- -------------- ----------
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 6 September 2021, being the date used to determine the entitlement of shareholders to attend and vote at the Annual General Meeting, the Company's issued share capital was 157,740,730 Ordinary Shares, the number of Ordinary Shares held in treasury was 4,069,498 and the total voting rights in the Company were therefore 153,671,232 .
The Board notes that resolution 8 (Re-election of Emily Manning) was passed with the necessary majority but received less than 80% of votes in favour. The Company aspires to high levels of shareholder and stakeholder engagement and intends to consult with those major shareholders who voted against these resolutions to understand their specific concerns. The Company will provide an update on this in the coming months in line with the UK Corporate Governance Code.
__________________
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-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 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 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 13.86 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.
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END
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(END) Dow Jones Newswires
September 08, 2021 06:00 ET (10:00 GMT)
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