Yellow Cake plc Purchases 60,000 Ordinary Shares in Enlarged Share Buyback Programme

Strategic Insights -

London Stock Exchange plc has announced that Yellow Cake plc, a specialist company operating in the uranium sector, has purchased 60,000 ordinary shares of £0.01 each in the Company, as part of its enlarged share buyback programme. The shares were acquired on 21 August 2020, and the total number of ordinary shares carrying voting rights will be 85,556,311. This purchase is in line with the company's strategy of holding physical uranium for the long term.

Key Takeaways:

  • Yellow Cake plc purchased 60,000 ordinary shares of £0.01 each in the Company on 21 August 2020, as part of its enlarged share buyback programme.
  • The shares were acquired at a volume weighted average price of 217.19 pence per share, with a lowest price paid per share of 215.50 pence and a highest price paid per share of 219.00 pence.
  • Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 2,659,385 ordinary shares are held in treasury.
  • The total number of ordinary shares carrying voting rights will be 85,556,311.
  • The purchase is in line with the company's strategy of holding physical uranium for the long term.
  • The company will report the number 85,556,311 as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Statistics:

  • 60,000 ordinary shares of £0.01 each were purchased on 21 August 2020.
  • The total number of ordinary shares acquired is 60,000.
  • Total consideration for the shares: £129,914.
  • Volume weighted average price paid per share: 217.19 pence.
  • Lowest price paid per share: 215.50 pence.
  • Highest price paid per share: 219.00 pence.

Sources:

  • London Stock Exchange plc
  • Yellow Cake plc