RNS Number : 9708K
Yellow Cake PLC
28 December 2022
 

28 December 2022

 

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Yellow Cake plc ("Yellow Cake" or the "Company")

Yellow Cake Receives DTC Eligibility

Yellow Cake is pleased to announce that The Depository Trust Company ("DTC") has confirmed that the Company's ordinary shares (the "Shares") are eligible to be electronically cleared and settled through DTC ("DTC Eligibility"). DTC Eligibility makes the Shares more accessible to investors in the United States.

Yellow Cake trades on the OTCQX® Best Market, the OTC Markets Group's premier market for established companies. Yellow Cake's Shares are also quoted on the AIM market of the London Stock exchange under the ticker symbol "YCA".

DTC is a subsidiary of the Depository Trust and Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC Eligibility incorporates an electronic method of clearing securities, speeding up the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.


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





Communications Adviser: 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. 

 

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