27 January 2022
Yellow Cake plc ("Yellow Cake" or the "Company")
Results of 2022 General Meeting
Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium ("U3O8") for the long term, is pleased to announce that at the General Meeting of the Company held on 27 January 2022 ("GM" or the "Meeting") all resolutions were duly passed. Resolution 1 was passed as an ordinary resolution and resolution 2 was passed as a special resolution.
The full text of both resolutions passed at the Meeting can be found in the Notice of General Meeting, which is available on the Company's website at www.yellowcakeplc.com.
The following table shows the votes cast on each resolution:
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| VOTES FOR | % | VOTES AGAINST | % | TOTAL VOTES VALIDLY CAST | % OF SHARE CAPITAL WITH VOTING RIGHTS | VOTES WITHHELD |
| 1 | Authority to allot shares | 87,491,524 | 99.99 | 1,750 | 0.01 | 87,493,274 | 47.64 | 10,867 |
| 2 | Disapply pre-emption rights | 87,487,584 | 99.99 | 11,561 | 0.01 | 87,499,145 | 47.64 | 4,996 |
Notes:
(1) A vote withheld is not a vote in law and is not counted in the calculation of votes for or against a resolution.
(2) As at close of business on 6 January 2022, being the date used to determine the entitlement of shareholders to attend and vote at the General Meeting, the Company's issued share capital was 187,740,730 Ordinary Shares, the number of Ordinary Shares held in treasury was 4,069,498 and the total voting rights in the Company were therefore 183,671,232.
Enquiries:
| Yellow Cake plc |
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| Andre Liebenberg, CEO | Carole Whittall, CFO |
| +44 (0) 153 488 5200 |
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| Nominated Adviser and Joint Broker: Canaccord Genuity Limited |
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| Henry Fitzgerald-O'Connor | James Asensio |
| Georgina McCooke |
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| + 44 (0) 207 523 8000 |
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| Joint Broker: Berenberg |
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| Matthew Armitt | Jennifer Wyllie |
| Varun Talwar | Detlir Elezi |
| Tel: +44 (0) 203 207 7800 |
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| Financial Adviser: Bacchus Capital Advisers |
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| Peter Bacchus | Richard Allan |
| Tel: +44 (0) 203 848 1640 |
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| Media/Investor Relations: Powerscourt |
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| Peter Ogden |
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| +44 (0) 779 3 85 8211 |
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ABOUT YELLOW CAKE
Yellow Cake is a London-listed company founded and established by Bacchus Capital and 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 ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 15.83 million lb of U3O8, all of which is held in storage in Canada and France.
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