Yellow Cake PLC Exercise of Share Options (5807G)
July 20 2023 - 1:00AM
UK Regulatory
TIDMYCA
RNS Number : 5807G
Yellow Cake PLC
20 July 2023
20 July 2023
Yellow Cake plc ("Yellow Cake" or the "Company")
Exercise of Share Options
Yellow Cake plc (the " Company ") , a nnounces that on 19 July
2023 Carole Whittall, Chief Financial Officer and an executive
director of the Company, acquired 20,362 ordinary shares in the
Company ("Shares") following the exercise and net settlement of her
options over 62,609 Shares on 19 July 2023 granted under the Rules
of the Yellow Cake plc Share Option Plan 2019. The option exercise
is being satisfied by way of a transfer of shares currently held by
the Company as treasury shares.
The share options were granted on 8 July 2020 as long-term
incentive options with a vesting date of 8 July 2023. Further
detail on the share options granted can be seen in the Company's
2021 and 2022 Annual Reports.
Details of the options and the resultant shareholdings are set
out below:
PDMR Position Exercise of Options Shares acquired Resultant total number
granted on 8 July 2020 following exercise and of Shares owned*
net settlement
-----------------------
Carole Whittall Chief Financial Officer 62,609 20,362 101,966
------------------------ ----------------------- ----------------------- ------------------------
(*) Includes previous direct share purchases.
The following disclosures are made in accordance with Article 19
of the UK Market Abuse Regulation 596/2014 as it forms part of UK
law.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Carole Whittall
------------------------- ---------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Yellow Cake plc
------------------------- ---------------------------------------------
b) LEI 213800CVMYUGOA9EZY95
------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
the financial
instrument, type ISIN Code JE00BF50RG45
of instrument
Identification
code
------------------------- ---------------------------------------------
b) Nature of the Exercise of Options granted on 8 July
transaction 2020 under the Yellow Cake plc Share Option
Plan 2019
------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise
price
- 288
pence
per Share 62,609
----------
------------------------- ---------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume GBP143,954 62,609 GBP180,314
---------- -----------
- Price
------------------------- ---------------------------------------------
e) Date of the transaction 2023-07-19
------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares
the financial
instrument, type ISIN Code JE00BF50RG45
of instrument
Identification
code
------------------------- ---------------------------------------------
b) Nature of the Acquisition of ordinary shares following
transaction the exercise of options granted on 8 July
2020 under the Yellow Cake plc Share Option
Plan 2019 and net-settled
------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 20,362
----------
------------------------- ---------------------------------------------
d) Aggregated information Aggregate Aggregate Aggregate
Price Volume Total
- Aggregated volume Nil 20,362 Nil
---------- ----------
- Price
------------------------- ---------------------------------------------
e) Date of the transaction 2023-07-19
------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ---------------------------------------------
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
Gordon Hamilton
Tel: +44 (0) 207 523 8000
Joint Broker: Berenberg
Matthew Armitt Jennifer Lee
Detlir Elezi
Tel: +44 (0) 203 207 7800
Financial Adviser: Bacchus Capital Advisers
Peter Bacchus Richard Allan
Tel: +44 (0) 203 848 1640
Communications Adviser: Powerscourt
Peter Ogden Molly Melville
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
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 18.81 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
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