Yellow Cake PLC Changes to the Board of Directors (8301F)
November 09 2022 - 4:30AM
UK Regulatory
TIDMYCA
RNS Number : 8301F
Yellow Cake PLC
09 November 2022
9 November 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
Yellow Cake plc ("Yellow Cake" or the "Company")
Changes to the Board of Directors
Yellow Cake, a specialist company operating in the uranium
sector holding physical uranium for the long term, is pleased to
confirm the appointment of Claire Brazenall as an independent
non-executive director with effect from 9 November 2022. Claire
acts as in-house legal counsel and Client Director of Langham Hall
Fund Management (Jersey) Limited, which provides administrative
services to the Company.
Claire Brazenall (Legal name, Claire Le Quesne) has over 12
years of experience of the Jersey funds industry. Prior to joining
Langham Hall Jersey in 2020, Ms. Brazenall spent 10 years in
private practice with Carey Olsen Jersey LLP where she gained a
wealth of experience of different fund structures and asset classes
and was heavily involved in providing regulatory and structuring
advice to a range of clients. During her time at Carey Olsen Jersey
LLP, she was involved in the closings of over US$100bn of investor
commitments into various fund structures.
Claire Brazenall has extensive experience in liaising with the
Jersey Financial Services Commission ("JFSC") and The International
Stock Exchange and has in-depth knowledge of the relevant Codes of
Practice and Jersey financial services regulations. She is approved
as a principal person by the JFSC and currently acts as a director
on a number of regulated and unregulated funds and Special Purpose
Vehicles ("SPV") boards of client companies.
Claire's appointment follows the resignation of Emily Manning as
an independent non-executive director with effect from 8 November
2022. The Board would like to take this opportunity to express its
sincere gratitude to Emily for her contributions to Yellow
Cake.
Further information in relation to the Director appointment
Claire Brazenall
Claire Brazenall (aged 37) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed
under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
Current directorships
Company name
-----------------------------------------------
Anglo Securities Poole Limited
ASF UK I (Trustee) Limited
ASF UK Industrial Portfolio 2 Trustee 1 Limited
ASF UK Industrial Portfolio 2 Trustee 2 Limited
ASF UK Industrial Portfolio Trustee 1 Limited
ASF UK Industrial Portfolio Trustee 2 Limited
ASF UK Touchwood Trustee 1 Limited
ASF UK Touchwood Trustee 2 Limited
Bolingbroke Office Trustee 1 Limited
Bolingbroke Office Trustee 2 Limited
Carbon Exposure PLC
Eagle Street Partners ACO Holdings 2 Limited
Eagle Street Partners ACO Holdings 3 Limited
Eagle Street Partners ACO Holdings 4 Limited
Eagle Street Partners ACO Holdings Limited
Eagle Street Partners ACO1 Limited
Eagle Street Partners ACO2 Limited
Eagle Street Partners ACO3 Limited
Eagle Street Partners ACO4 Limited
Eagle Street Partners CL Limited
Eagle Street Partners Group Limited
Eagle Street Partners Holdings Limited
Hawthorn Residential Fund GP Ltd
Postbridge Jersey Limited
Reading Nominee No.1 Limited
Reading Nominee No.2 Limited
Reading Trustee Limited
Resident Space Advisors Limited
Student Homes GP Limited
Willow Brook Centre Bristol Limited
Crescendo Indigo Net Lease GP Limited
Patron Capital GP V Limited
Patron Capital GP VI Limited
Patron Capital GP VII Limited
Previous directorships held in the last 5 years
N/A
Shareholding in the Company
Nil.
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
G ordon 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 ("U(3) O(8) "). 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 U(3) O(8) 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 U(3) O(8) with Kazatomprom, the world's largest
uranium producer. Yellow Cake currently holds 18.81 million pounds
of U(3) O(8) , all of which is held in storage in Canada and
France.
FORWARD LOOKING STATEMENTS
Certain statements contained herein are forward looking
statements and are based on current expectations, estimates and
projections about the potential returns of the Company and the
industry and markets in which the Company will operate, the
Directors' beliefs and assumptions made by the Directors. Words
such as "expects", "anticipates", "should", "intends", "plans",
"believes", "seeks", "estimates", "projects", "pipeline", "aims",
"may", "targets", "would", "could" and variations of such words and
similar expressions are intended to identify such forward looking
statements and expectations. These statements are not guarantees of
future performance or the ability to identify and consummate
investments and involve certain risks, uncertainties and
assumptions that are difficult to predict, qualify or quantify.
Therefore, actual outcomes and results may differ materially from
what is expressed in such forward looking statements or
expectations. Among the factors that could cause actual results to
differ materially are: uranium price volatility, difficulty in
sourcing opportunities to buy or sell U(3) O(8) , foreign exchange
rates, changes in political and economic conditions, competition
from other energy sources, nuclear accident, loss of key personnel
or termination of the services agreement with 308 Services Limited,
changes in the legal or regulatory environment, insolvency of
counterparties to the Company's material contracts or breach of
such material contracts by such counterparties. These
forward-looking statements speak only as at the date of this
announcement. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward
looking statements contained herein to reflect any change in the
Company's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statements are based
unless required to do so by applicable law or the AIM Rules.
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END
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