RNS Number : 0454Y
Yellow Cake PLC
04 September 2025
 

4 September 2025

YellowCake_Logo_OL.png

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

Results of 2025 Annual 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 Annual General Meeting of the Company held on 4 September 2025 ("AGM" or the "Meeting") all resolutions were duly passed. Resolutions 1-12 were passed as ordinary resolutions and resolutions 13 and 14 were passed as special resolutions.

The full text of the resolutions passed at the Meeting can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.yellowcakeplc.com. 

The following table shows the votes cast on each resolution:

 

 

VOTES FOR

%

VOTES AGAINST

%

TOTAL VOTES VALIDLY CAST

% OF SHARE CAPITAL WITH VOTING RIGHTS

VOTES WITHHELD

1

Annual Report and Accounts

117,331,151

100.0

61,641

0.1

117,392,792

54.1

2,481,748

2

Re-appoint Anthony Tudor St John, The Lord St John of Bletso

105,716,946

89.9

11,834,100

10.1

117,551,046

54.2

2,323,494

3

Re-appoint Andre Liebenberg

110,780,144

94.2

6,773,137

5.8

117,553,281

54.2

2,321,259

4

Re-appoint Carole Whittall

110,778,409

94.2

6,774,886

5.8

117,553,295

54.2

2,321,245

5

Re-appoint Sofia Bianchi

116,023,024

98.7

1,530,270

1.3

117,553,294

54.2

2,321,245

6

Re-appoint Alexander Downer

110,233,657

93.8

7,321,123

6.2

117,554,780

54.2

2,319,759

7

Re-appoint Alan Rule

116,879,747

99.4

675,016

0.6

117,554,763

54.2

2,319,776

8

Re-appoint Zoe Rizzuto

117,102,552

99.6

450,726

0.4

117,553,278

54.2

2,321,262

9

Re-appoint auditor

117,535,667

100.0

29,970

0.0

117,565,637

54.2

2,308,903

10

Auditor's remuneration

117,405,145

99.9

166,453

0.1

117,571,598

54.2

2,302,942

11

Approve directors' remuneration report

109,569,540

93.3

7,836,395

6.7

117,405,935

54.1

2,468,605

12

Authority to allot shares

98,893,583

84.1

18,668,850

15.9

117,562,433

54.2

2,312,107

13

Disapply pre-emption rights

91,375,233

80.2

22,605,940

19.8

113,981,173

52.6

5,893,367

14

Authority to purchase own shares

117,549,656

100.0

9,662

0.0

117,559,318

54.2

2,315,222

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 2 September 2025 being the date used to determine the entitlement of shareholders to attend and vote at the Annual General Meeting, the Company's issued share capital was 221,440,730 Ordinary Shares, the number of Ordinary Shares held in treasury was 4,584,283 and the total voting rights in the Company were therefore 216,856,447.

 

ENQUIRIES:

 

Yellow Cake plc



Andre Liebenberg, CEO

Carole Whittall, CFO


Tel: +44 (0) 153 488 5200






Nominated Adviser and Joint Broker: Canaccord Genuity Limited


James Asensio

Henry Fitzgerald-O'Connor


Charlie Hammond



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: Sodali & Co



Peter Ogden

Jade Sampayo


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 and its wholly owned subsidiary (the "Group") seek 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. The Group currently holds 21.68 million pounds of U3O8, all of which is held in storage in Canada and France. 

 

 

 

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