Yellow Cake PLC Award of Share Options (1914M)
07 Mayo 2020 - 1:00AM
UK Regulatory
TIDMYCA
RNS Number : 1914M
Yellow Cake PLC
07 May 2020
7 May 2020
Yellow Cake plc ("Yellow Cake" or the "Company")
Award of Share Options
Yellow Cake ("Yellow Cake" or the "Company") , a specialist
company operating in the uranium sector with a view to holding
physical uranium for the long term, a nnounces the grant of n ew
share options on 24 February 2020 to the Chief Executive Officer
and the Chief Financial Officer. These long-term Incentive Options
are granted under the Rules of the Yellow Cake plc Share Option
Plan 2019.
Details of the grant are summarised below:
PDMR Position Options Awarded Total number of Options Held
Andre Liebenberg Chief Executive Officer 84,480 84,480
---------------
Carole Whittall Chief Financial Officer 67,584 67,584
---------------
All options awarded on 24 February 2020 have an exercise price
of 196.92 pence per share and will be exercisable three years after
the date of grant, save in certain circumstances including a change
of control of the Company, and will expire ten years after the date
of grant.
The exercise price of 196.92 pence per share represents the
average of the mid-market closing price of the ordinary shares of
the Company on AIM over the five consecutive dealing days
immediately preceding the grant date.
The maximum number of outstanding share options following the
grants referred to above is 152,064, which if exercised, would
represent approximately 0.2 per cent of the currently issued
ordinary share capital of the Company.
The Notification of Dealing Form set out below is made in
fulfilment of the obligation under Article 19 of the EU 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 Ordinary Shares
of instrument, identification code ISIN Code JE00BF50RG45
------------------------------------------------ ----------------------------------------------------
b. Nature of the transaction Grant of Options
------------------------------------------------ ----------------------------------------------------
c. Price(s) and volume(s) Exercise price: 196.92 p per share 84,480 options
------------------------------------------------ ----------------------------------- ---------------
d. Aggregated information
* Aggregated volume As for c above
* Price
------------------------------------------------ ----------------------------------------------------
e. Date of the transaction 24 February 2020
------------------------------------------------ ----------------------------------------------------
f. Place of the transaction Off market
------------------------------------------------ ----------------------------------------------------
5. Details of the person discharging managerial responsibilities / person closely associated
a. Name Carole Whittall
------------------------------------------------ ----------------------------------------------------
6. Reason for the notification
------------------------------------------------------------------------------------------------------
a. Position/status Chief Financial Officer
------------------------------------------------ ----------------------------------------------------
b. Initial notification /Amendment Initial notification
------------------------------------------------ ----------------------------------------------------
7. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------
a. Name Yellow Cake plc
------------------------------------------------ ----------------------------------------------------
b. LEI 213800CVMYUGOA9EZY95
------------------------------------------------ ----------------------------------------------------
8. 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 Ordinary Shares
of instrument, identification code ISIN Code JE00BF50RG45
------------------------------------------------ ----------------------------------------------------
b. Nature of the transaction Grant of Options
------------------------------------------------ ----------------------------------------------------
c. Price(s) and volume(s) Exercise price: 196.92 p per share 67,584 options
------------------------------------------------ ----------------------------------- ---------------
d. Aggregated information
* Aggregated volume As for c above
* Price
------------------------------------------------ ----------------------------------------------------
e. Date of the transaction 24 February 2020
------------------------------------------------ ----------------------------------------------------
f. Place of the transaction Off market
------------------------------------------------ ----------------------------------------------------
ENQUIRIES:
Yellow Cake plc
Andre Liebenberg, CEO Carole Whittall, CFO
Tel: +44 (0) 153 488 5200
Nominated Adviser and Joint Broker: Numis Securities Limited
John Prior Paul Gillam
Alamgir Ahmed
Tel: +44 (0) 207 260 1000
Joint Broker: Berenberg
Matthew Armitt Jennifer Wyllie
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-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 Canada and France.
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.
END
MSCMZGGKRVMGGZM
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