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
RAGEAXNPELDFEEA
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September 08, 2021 06:00 ET (10:00 GMT)
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