Award of Share Options, Yellow Cake PLC, 2020-05-07






RNS Number : 1914M
Yellow Cake PLC
07 May 2020
 

7 May 2020

 

 

 

 

Yellow Cake plc (“Yellow Cake” or the “Company”) 

Award of Share Options

 

Yellow Cake (“Yellow Cake” or the “Company”), a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announces the grant of new share options on 24 February 2020 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

84,480

84,480

Carole Whittall

Chief Financial Officer

67,584

67,584

 

All options awarded on 24 February 2020 have an exercise price of 196.92 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 196.92 pence per share represents 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. 

The maximum number of outstanding share options following the grants referred to above is 152,064, which if exercised, would represent approximately 0.2 per cent of the currently issued ordinary share capital of the Company.

The Notification of Dealing Form set out below is made in fulfilment of the obligation under Article 19 of the EU 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

c.               

Price(s) and volume(s)

Exercise price: 196.92 p per share

84,480 options

d.               

Aggregated information

·      Aggregated volume

·      Price

 

As for c above

e.               

Date of the transaction

24 February 2020

f.               

Place of the transaction

Off market

 




 

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

c.               

Price(s) and volume(s)

Exercise price: 196.92 p per share

67,584 options

d.               

Aggregated information

·      Aggregated volume

·      Price

 

As for c above

e.               

Date of the transaction

24 February 2020

f.               

Place of the transaction

Off market

 




 

 

 

ENQUIRIES: 

 

Yellow Cake plc



Andre Liebenberg, CEO

Carole Whittall, CFO


Tel: +44 (0) 153 488 5200






Nominated Adviser and Joint Broker: Numis Securities Limited


John Prior

Paul Gillam


Alamgir Ahmed



Tel: +44 (0) 207 260 1000






Joint Broker: Berenberg


Matthew Armitt

Jennifer Wyllie


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, 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 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 U3O8 and its other uranium related activities in a rising uranium price environment. The business is differentiated from its peers by its lower cost base and ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world’s largest uranium producer. Yellow Cake currently holds 9.62 million lb of U3O8, all of which is held in storage in Canada and France. 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 

END

 
 

MSCMZGGKRVMGGZM

Leave a Reply

Your email address will not be published.