Yellow Cake PLC Transaction in Own Shares (6576I)

TIDMYCA

RNS Number : 6576I

Yellow Cake PLC

03 April 2020

3 April 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 2 April 2020, it purchased 15,000 ordinary shares of GBP0.01 each in the Company (the "Shares") on the London Stock Exchange through Numis Securities Limited, in accordance with the terms of its share buyback programme announced on 22 January 2020 (the "Programme"). The Shares acquired will be held in treasury.

 
 Date of purchase:                         2 April 2020 
 Aggregate number of ordinary shares 
  purchased:                                     15,000 
 Lowest price paid per share (pence per 
  share):                                        183.60 
 Highest price paid per share (pence 
  per share):                                    188.00 
 Volume weighted average price paid per 
  share (pence per share):                       186.05 
 

Following the purchase, the Company will have 88,215,716 ordinary shares of GBP0.01 each in issue, of which 339,788 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 87,875,928.

The above figure of 87,875,928 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 Numis Securities Limited as part of the Programme.

Individual transactions:

See below for the trade breakdown

 
 Number of shares   Transaction   Time of transaction   Execution venue 
  purchased          price 
                     (pence per 
                     share) 
 1535               183.6         14:43:13              AIMX 
                   ------------  --------------------  ---------------- 
 1788               186.6         14:49:17              AIMX 
                   ------------  --------------------  ---------------- 
 1698               186.0         14:54:11              AIMX 
                   ------------  --------------------  ---------------- 
 2326               185.0         14:54:11              AIMX 
                   ------------  --------------------  ---------------- 
 626                185.0         15:20:11              AIMX 
                   ------------  --------------------  ---------------- 
 370                185.0         15:20:11              AIMX 
                   ------------  --------------------  ---------------- 
 319                185.0         15:20:11              AIMX 
                   ------------  --------------------  ---------------- 
 727                186.8         15:43:14              AIMX 
                   ------------  --------------------  ---------------- 
 188                186.8         15:43:14              AIMX 
                   ------------  --------------------  ---------------- 
 270                186.8         15:43:14              AIMX 
                   ------------  --------------------  ---------------- 
 1732               186.8         15:46:14              AIMX 
                   ------------  --------------------  ---------------- 
 574                186.4         16:08:15              AIMX 
                   ------------  --------------------  ---------------- 
 779                186.4         16:08:41              AIMX 
                   ------------  --------------------  ---------------- 
 2068               188.0         16:27:51              AIMX 
                   ------------  --------------------  ---------------- 
 

ENQUIRIES:

 
  Yellow Cake plc 
 Andre Liebenberg, CEO                  Carole Whittall, CFO 
 Tel: [phone] 
 
 Nominated Adviser and Joint Broker: Numis Securities Limited 
 John Prior                             Paul Gillam 
 Alamgir Ahmed 
 Tel: [phone] 
 
 Joint Broker: Berenberg 
 Matthew Armitt                         Jennifer Wyllie 
 Detlir Elezi 
 Tel: [phone] 
 
 Financial Adviser: Bacchus Capital Advisers 
 Peter Bacchus                          Richard Allan 
 Tel: [phone] 
 
 Investor Relations: Powerscourt 
 Peter Ogden                            Linda Gu 
 Tel: [phone] 
 
 
 

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 lower cost base and ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 9.62 million lb of U3O8, all of which is held in storage in North America.

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.

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 [e-mail] or visit www.rns.com.

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April 03, 2020 02:00 ET (06:00 GMT)