Yellow Cake PLC Transaction in Own Shares (1200N)
18 Mayo 2020 - 01:00AM
UK Regulatory
TIDMYCA
RNS Number : 1200N
Yellow Cake PLC
18 May 2020
18 May 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 15 May 2020, it purchased 12,000 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: 15 May 2020
Aggregate number of ordinary shares
purchased: 12,000
Lowest price paid per share (pence per
share): 211.50
Highest price paid per share (pence
per share): 213.00
Volume weighted average price paid per
share (pence per share): 212.55
Following the purchase, the Company will have 88,215,716
ordinary shares of GBP0.01 each in issue, of which 489,166 ordinary
shares are held in treasury. Therefore, the total number of
ordinary shares carrying voting rights will be 87,726,550.
The above figure of 87,726,550 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:
Number of shares Transaction Time of transaction Execution venue
purchased price
(pence per
share)
463 213.0 15:33:48 AIMX
------------ -------------------- ----------------
1683 213.0 15:33:48 AIMX
------------ -------------------- ----------------
447 211.5 15:52:04 AIMX
------------ -------------------- ----------------
10 211.5 15:55:01 AIMX
------------ -------------------- ----------------
93 211.5 15:55:26 AIMX
------------ -------------------- ----------------
2011 212.5 16:08:03 AIMX
------------ -------------------- ----------------
71 213.0 16:12:08 AIMX
------------ -------------------- ----------------
2171 212.5 16:12:10 AIMX
------------ -------------------- ----------------
5000 212.5 16:12:38 AIMX
------------ -------------------- ----------------
51 213.0 16:18:44 AIMX
------------ -------------------- ----------------
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.
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 rns@lseg.com or visit www.rns.com.
END
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