TIDMYCA
RNS Number : 2161U
Yellow Cake PLC
01 April 2021
1 April 2021
Yellow Cake plc ("Yellow Cake" or the "Company")
Board Change
Yellow Cake, a specialist company operating in the uranium
sector, with a view to holding physical uranium for the long term,
is pleased to confirm the appointment of Emily Manning as an
independent non-executive director with effect from 31 March 2021.
Emily acts as a Client Director of Langham Hall Fund Management
(Jersey) Limited, which provides administrative services to the
Company.
Emily has over 12 years of experience in the Jersey finance
industry, with a background in real estate, funds, corporate and
private clients. She currently holds directorships with a number of
real estate and private equity-based boards with a focus on
commercial retail, private and residential development and European
industrial logistics. She has also previously held directorships
for a number of listed and regulated funds and real estate
companies, including board positions with some of London's largest
real estate developments, and oversaw capital markets transactions
as part of a portfolio worth over US$13bn AUM.
Emily brings to the board comprehensive knowledge of the running
and regulations of Jersey structures with a strong understanding of
internal governance and company secretarial experience.
Emily has been a Principal Person with the Jersey Financial
Services Commission since 2018 and holds her ICSA Diploma table 4
qualification.
Emily's appointment follows the resignation of Alexandra
Nethercott-Parkes as an independent non-executive director with
effect from 31 March 2021. The Board would like to take this
opportunity to express its sincere gratitude to Alexandra for her
significant contribution to Yellow Cake.
Further information in relation to the Director appointment
Emily Manning
Emily Manning (aged 32) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed
under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
Current directorships
Present Made Eddington CSHV IUK ET ResiCo Gramercy Property Europe
Property Company Limited Limited IV CC GP Limited
Present Made Houghton CSHV IUK KB Holdco BLG Real Estate II
Conquest Property Company Limited Limited
Limited
Graduate Two Limited CSHV IUK KB Propco BLG Real Estate Limited
- in voluntary liquidation* Limited
Athena Holding Limited Wessex Winchester Propco BLG Capital Limited
Limited
DFG TO GP Limited Eagle Island Limited 95 QVS Limited
DFI Jersey Holding Kimpton Limited Kings Park Capital
GP Limited II GP (Jersey) Limited
DFI Olympus Jersey MCTGF Trustee 1 Limited Mitheridge Opportunity
Holding GP Limited Fund II GP LLP
DFTO Jersey Holdings MCTGF Trustee 2 Limited Volcap Student Homes
GP Limited GP Limited
CSHV IUK BW Holdco Marchmont Last Mile Grand South Limited
Limited UK Logistics GP Limited
CSHV IUK BW Propco Marchmont Wokingham Solas Investment Limited
Limited Limited
CSHV IUK ET DevCo Limited Picture Living Trustee Solas Property Holding
1 Ltd GP Limited
CSHV IUK ET Holdco Picture Living Unitholder MOF Lender Limited
Limited Ltd
CSHV IUK ET OfficeCo Uninn Investment Fund Chenies Street Limited
Limited Limited
CSHV IUK ET Propco GEJ Holding Limited ATIM UK Property Holdings
Limited Limited
* Graduate Two Limited was put into liquidation on the 24th
December 2020, following the transfer of the main asset, the
Company no longer provided any economic or strategic value and the
board considered that it was appropriate to take steps to initiate
the winding up of the company.
Previous directorships held in the last 5 years
Verity Property Bond Paloma I (Retail I) STEMS US Properties
Fund Limited Trustee I Limited Limited
Swiss Equity Capital Paloma I (Retail I) Trea Holdings Jersey
Investment V Limited Trustee II Limited Limited
Paloma I (Unitholder) Tres Holdings Jersey
Mali Limited Limited Limited
Gramercy-Townsend Feeder Paloma II (Industrial TRG Holdings Jersey
2 Limited I) Trustee Limited Limited
Gramercy Property Europe Paloma II (Industrial TRP Holdings Jersey
IV Townsend Feeder II) Trustee I Limited Limited
Limited
MOF SPV Limited Paloma II (Industrial Black Diamond US Properties
II) Trustee II Limited Limited
AI Senior Capital (GP) Paloma II (Industrial BLG Aparts Limited
Limited III) Trustee I Limited
AI Senior Capital Second Paloma II (Industrial BLG Finance Limited
Unitholder Limited III) Trustee II Limited
AI Senior Capital Trustee Paloma II (Office I) Luxgrove General Partner
Limited Trustee I Limited Ltd
Paloma I (Industrial Paloma II (Office I) Willow Brook Centre
I) Trustee I Limited Trustee II Limited Bristol Limited
Paloma I (Industrial Paloma II (Unitholder) Bolingbroke Office
I) Trustee II Limited I Limited Trustee 1 Limited
Paloma I (Industrial WGIF (Jersey) Trustee Bolingbroke Office
II) Trustee I Limited I Limited Trustee 2 Limited
Paloma I (Industrial WGIF (Jersey) Trustee Norfolk Partners Limited
II) Trustee II Limited II Limited
Paloma I (Industrial Olympus Hospitality WLIF (Jersey) Trustee
III) Trustee I Limited Holding Ltd I Limited
Paloma I (Industrial Olympus Jersey Holding WLIF (Jersey) Trustee
III) Trustee II Limited Ltd I Limited
Paloma I (Office I) Olympus Property Holding WLIF Unitholder Limited
Trustee I Limited Ltd
Paloma I (Office I) Olympus Residential
Trustee II Limited Holding Ltd
Shareholding in the Company
Nil.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018.
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-listed company founded and established
by Bacchus Capital and 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
9.86 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.
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END
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