Last checked at 4 Nov 2022 07:00
4 November 2022
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 3 November 2022 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 | 33,162 | 195,904 |
Carole Whittall | Chief Financial Officer | 14,094 | 144,287 |
All options awarded on 3 November 2022 have an exercise price of 475 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 475 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 code | Ordinary Shares ISIN Code JE00BF50RG45 | |
b. | Nature of the transaction | Grant of options with an exercise price: 475.00 p per share, under the Yellow Cake plc Share Option Plan 2019 | |
c. | Price(s) and volume(s) | Price: Nil | 33,162 options |
d. | Aggregated information · Aggregated volume · Price |
As for c above | |
e. | Date of the transaction | 2022-11-03 | |
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 code | Ordinary Shares ISIN Code JE00BF50RG45 | |
b. | Nature of the transaction | Grant of options with an exercise price: 475.00 p per share, under the Yellow Cake plc Share Option Plan 2019 | |
c. | Price(s) and volume(s) | Price: Nil | 14,094 options |
d. | Aggregated information · Aggregated volume · Price |
As for c above | |
e. | Date of the transaction | 2022-11-03 | |
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 | ||
Investor Relations: 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 ("U3O8"). 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 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 18.81 million pounds of U3O8, all of which is held in storage in Canada and France.