REG - Yellow Cake PLC - Award of Share Options
29/07/2024 07:00
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RNS Number : 1097Y Yellow Cake PLC 29 July 2024
29 July 2024
Yellow Cake plc ("Yellow Cake" or the "Company")
Award of Share Options
Yellow Cake, a specialist company operating in the uranium sector holding
physical uranium for the long term, announces the grant of new share options
on 26 July 2024 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 29,328 225,232
Carole Whittall Chief Financial Officer 12,464 26,558
All options awarded on 26 July 2024 have an exercise price of 648 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 648 pence per share represents the higher of 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
and the estimated Net Asset Value per share at grant.
This notification is made under Article 19 of the UK 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 of instrument, identification Ordinary Shares
code
ISIN Code JE00BF50RG45
b. Nature of the transaction Grant of options with an exercise price: 648.00 p per share, under the Yellow
Cake plc Share Option Plan 2019
c. Price(s) and volume(s) Price: Nil 29,328 options
d. Aggregated information
· Aggregated volume As for c above
· Price
e. Date of the transaction 2024-07-26
f. Place of the transaction Outside a trading venue
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 of instrument, identification Ordinary Shares
code
ISIN Code JE00BF50RG45
b. Nature of the transaction Grant of options with an exercise price: 648.00 p per share, under the Yellow
Cake plc Share Option Plan 2019
c. Price(s) and volume(s) Price: Nil 12,464 options
d. Aggregated information
· Aggregated volume As for c above
· Price
e. Date of the transaction 2024-07-26
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
James Asensio Henry Fitzgerald-O'Connor
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: Sodali & Co
Peter Ogden
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 21.68
million pounds of U(3)O(8), all of which is held in storage in Canada and
France.
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