TIDMYCA
RNS Number : 3677G
Yellow Cake PLC
26 July 2021
26 July 2021
Yellow Cake plc ("Yellow Cake" or the "Company")
Grant and Exercise of Share Options
Yellow Cake plc (the "Company") , a nnounces the grant of share
options over the Company's ordinary shares on 26 July 2021 under
the Rules of the Yellow Cake plc Share Option Plan 2019 to the
Chief Executive Officer and the Chief Financial Officer, as part of
the annual bonus award in respect of the year to 31 March 2020
("Options"). The Company also announces the exercise of all of the
Options on the same date.
The annual bonus award, described in the Company's 2020 Annual
Report, was divided into two tranches, both with a vesting date of
8 July 2021. The grant of the first tranche was made on 8 July 2020
and the second tranche was granted today. Further detail on the
award and grant can be seen in the Company's 2020 Annual Report,
which also includes the performance criteria for the 2020 annual
bonus calculation, as well as in the Company's 2021 Annual Report
published this morning(1) . The Options have an exercise price of 1
pence per share and expire 6 months after the vesting date.
Details of the Options and the resultant shareholdings are set
out below:
PDMR Position Options Granted on 26 Exercise of Options Resultant total number
July 2021 granted on 8 July 2020 of Ordinary Shares
and granted on 26 July owned*
2021
Andre Liebenberg Chief Executive Officer 20,879 48,271 121,478
----------------------- ----------------------- -----------------------
Carole Whittall Chief Financial Officer 16,703 38,616 49,918
----------------------- ----------------------- -----------------------
(*) Includes previous direct share purchases.
This notification is made under Article 19 of the UK Market
Abuse Regulation.
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Andre Liebenberg
--------------------------------------------------------- -------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------------------------
a. Position/status Chief Executive Officer
--------------------------------------------------------- -------------------------------------------
b. Initial notification /Amendment Initial notification
--------------------------------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Yellow Cake plc
--------------------------------------------------------- -------------------------------------------
b. LEI 213800CVMYUGOA9EZY95
--------------------------------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------------------
a. Description of the financial instrument, type of Ordinary Shares
instrument, identification code ISIN Code JE00BF50RG45
--------------------------------------------------------- -------------------------------------------
b. Nature of the transaction Grant of Options
--------------------------------------------------------- -------------------------------------------
c. Price(s) and volume(s) Exercise price: 1.0 p per share 20,879
options
--------------------------------------------------------- -------------------------------- ---------
d. Aggregated information
* Aggregated volume As for c above
* Price
--------------------------------------------------------- -------------------------------------------
e. Date of the transaction 26 July 2021
--------------------------------------------------------- -------------------------------------------
f. Place of the transaction Off market
--------------------------------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
g. Description of the financial Ordinary Shares
instrument, type of instrument, ISIN Code JE00BF50RG45
identification code
--------------------------------- -------------------------------------------------------------------------
h. Nature of the transaction Exercise of Options granted on 8 July 2020 and granted on 26 July 2021
--------------------------------- -------------------------------------------------------------------------
i. Price(s) and volume(s) Exercise price: 1.0 p per share 48,271
options
--------------------------------- -------------------------------------------------------- ---------------
j. Aggregated information
* Aggregated volume As for c above
* Price
--------------------------------- -------------------------------------------------------------------------
k. Date of the transaction 26 July 2021
--------------------------------- -------------------------------------------------------------------------
l. Place of the transaction Off market
--------------------------------- -------------------------------------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
a. Name Carole Whittall
--------------------------------------------------------- -------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------------------------
a. Position/status Chief Financial Officer
--------------------------------------------------------- -------------------------------------------
b. Initial notification /Amendment Initial notification
--------------------------------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Yellow Cake plc
--------------------------------------------------------- -------------------------------------------
b. LEI 213800CVMYUGOA9EZY95
--------------------------------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------------------
a. Description of the financial instrument, type of Ordinary Shares
instrument, identification code ISIN Code JE00BF50RG45
--------------------------------------------------------- -------------------------------------------
b. Nature of the transaction Grant of Options
--------------------------------------------------------- -------------------------------------------
c. Price(s) and volume(s) Exercise price: 1.0 p per share 16,703
options
--------------------------------------------------------- -------------------------------- ---------
d. Aggregated information
* Aggregated volume As for c above
* Price
--------------------------------------------------------- -------------------------------------------
e. Date of the transaction 26 July 2021
--------------------------------------------------------- -------------------------------------------
f. Place of the transaction Off market
--------------------------------------------------------- -------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
g. Description of the financial Ordinary Shares
instrument, type of instrument, ISIN Code JE00BF50RG45
identification code
--------------------------------- -------------------------------------------------------------------
h. Nature of the transaction Exercise of Options granted on 8 July 2020 and granted on 26 July
2021
--------------------------------- -------------------------------------------------------------------
i. Price(s) and volume(s) Exercise price: 1.0 p per share 38,616
options
--------------------------------- -------------------------------------------------- ---------------
j. Aggregated information
* Aggregated volume As for c above
* Price
--------------------------------- -------------------------------------------------------------------
k. Date of the transaction 26 July 2021
--------------------------------- -------------------------------------------------------------------
l. Place of the transaction Off market
--------------------------------- -------------------------------------------------------------------
Yellow Cake plc
Andre Liebenberg, CEO Carole Whittall, CFO
+44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Canaccord Genuity Limited
Henry Fitzgerald-O'Connor James Asensio
Georgina McCooke
+ 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
Media/Investor Relations: Powerscourt
Peter Ogden
+44 (0) 779 3 85 8211
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 13.31 million lb 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.
[1] The Company's Annual Results Announcement on 19 July
included an incorrect reference in Note 10 to the Options grant
being deferred to after the Company's Annual General Meeting on 8
September 2021. For the avoidance of doubt the Option grant was
agreed by the Company's Remuneration Committee to occur today, 26
July 2021 as also stated in Note 10 of the Annual Report published
today.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHRAMLTMTTTBRB
(END) Dow Jones Newswires
July 26, 2021 02:01 ET (06:01 GMT)
Yellow Cake (LSE:YCA)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Yellow Cake (LSE:YCA)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
