(Alliance News) - Yellow Cake PLC said Non-Executive Director Sofia Bianchi disposed of GBP11,121 worth of shares in the company on Friday.
A total of 5,651 shares were sold at 196.8 pence per share, with Bianchi's resultant holding of 13,186 shares representing a 0.01% stake in the firm's issued share capital.
Yellow Cake, which is headquartered in Jersey, buys and holds physical triuranium octoxide. It also considers uranium royalty acquisitions and additional activities relating to uranium, seeking to generate shareholder returns as the price of uranium rises.
Shares in Yellow cake were down 0.1% at 197.80 pence in London in afternoon trading.
In early February, Yellow cake said the value of its 9.6 million pounds of physical uranium fell in the three months to December, hurting its net asset value. Its estimated NAV per share on December 31 was 211 pence, down 9.1% from 232p on September 30. Yellow Cake's financial year ends on March 31.
This reflected a drop in the value of Yellow Cake's 9.6 million pounds of physical uranium to USD240.4 million from USD246.7 million at the end of September.
By Anna Farley; annafarley@alliancenews.com
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