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Yellow Cake PLC - Transaction in Own Shares

RNS Number : 4621S
Yellow Cake PLC
09 July 2020
 

9 July 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 8 July 2020, it purchased 90,000 ordinary shares of £0.01 each in the Company (the "Shares") on the London Stock Exchange through Numis Securities Limited, in accordance with the terms of its enlarged share buyback programme announced on 8 July 2020 (the "Programme"). The Shares acquired will be held in treasury.

 

Date of purchase:

8 July 2020

Aggregate number of ordinary shares purchased:

90,000

Lowest price paid per share (pence per share):

222.50

Highest price paid per share (pence per share):

225.50

Volume weighted average price paid per share (pence per share):

224.32

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 711,806 ordinary shares are held in treasury.   Therefore, the total number of ordinary shares carrying voting rights will be 87,503,910.

 

The above figure of 87,503,910 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
purchased

Transaction price
(pence per share)

Time of transaction

Execution venue

353

222.5

11:11:26

AIMX

1010

222.5

11:24:16

AIMX

510

222.5

11:24:16

AIMX

348

222.5

11:24:18

AIMX

1000

222.5

11:24:35

AIMX

1000

222.5

11:25:35

AIMX

1000

222.5

11:26:46

AIMX

1000

222.5

11:27:46

AIMX

2479

223.0

12:02:17

AIMX

100

223.0

12:02:17

AIMX

1512

223.0

12:02:17

AIMX

456

223.0

12:20:17

AIMX

1626

223.0

12:20:17

AIMX

1227

223.0

12:20:17

AIMX

234

222.5

12:38:20

AIMX

2184

223.0

12:45:39

AIMX

1815

223.0

12:46:59

AIMX

806

223.0

12:47:00

AIMX

2210

223.0

12:47:00

AIMX

1546

223.0

12:47:01

AIMX

817

224.0

13:02:36

AIMX

1691

224.0

13:02:36

AIMX

2500

224.0

13:02:36

AIMX

1749

225.0

13:19:40

AIMX

458

225.0

13:19:40

AIMX

1404

225.0

13:24:36

AIMX

128

225.0

13:24:36

AIMX

494

225.0

13:52:36

AIMX

1747

225.0

13:52:36

AIMX

400

225.0

13:52:36

AIMX

874

224.5

13:59:36

AIMX

1571

224.5

13:59:36

AIMX

514

224.5

13:59:38

AIMX

79

224.5

13:59:38

AIMX

121

224.5

13:59:49

AIMX

1753

224.5

14:12:16

AIMX

155

224.5

14:12:16

AIMX

1129

224.5

14:24:56

AIMX

470

225.0

14:41:38

AIMX

260

225.0

14:41:38

AIMX

1139

225.0

14:41:39

AIMX

1630

224.5

14:41:39

AIMX

491

225.0

14:41:39

AIMX

1465

224.5

14:55:07

AIMX

891

225.0

15:16:08

AIMX

1912

225.0

15:16:18

AIMX

1477

225.0

15:16:18

AIMX

1524

225.0

15:16:18

AIMX

1486

225.0

15:16:18

AIMX

1506

225.0

15:16:18

AIMX

1611

225.0

15:16:18

AIMX

818

225.0

15:16:18

AIMX

1500

225.0

15:16:18

AIMX

2535

225.0

15:16:18

AIMX

1535

225.0

15:16:18

AIMX

2283

224.5

15:16:21

AIMX

95

223.5

15:21:04

AIMX

353

224.0

15:23:38

AIMX

1764

224.5

15:39:01

AIMX

216

224.5

15:39:01

AIMX

1568

224.5

15:43:23

AIMX

3999

225.0

15:48:27

AIMX

551

225.0

15:51:05

AIMX

4305

225.0

15:51:05

AIMX

1436

225.0

16:00:38

AIMX

1589

225.0

16:02:38

AIMX

382

224.5

16:09:21

AIMX

1182

225.0

16:14:46

AIMX

1348

225.0

16:14:46

AIMX

856

225.0

16:19:39

AIMX

1084

225.0

16:19:39

AIMX

619

225.0

16:19:39

AIMX

1448

225.0

16:22:39

AIMX

1604

225.0

16:23:39

AIMX

492

225.5

16:26:09

AIMX

576

225.5

16:26:09

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 ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 9.32 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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Yellow Cake PLC

Price: 212.5

Market: AIM
Market Cap: £182.69 m
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