Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n \nRNS Number : 6916T Yellow Cake PLC 05 July 2018 \n\n \nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \nThis announcement is not an offer of securities for subscription or sale in any jurisdiction. Investors should not subscribe for or purchase any transferable securities referred to in this announcement except in compliance with applicable securities laws on the basis of the information in the admission document (\"Admission Document\") published by the Company in connection with the placing of its ordinary shares (\"Ordinary Shares\") and the proposed admission of the Ordinary Shares to trading on AIM, a market of the London Stock Exchange plc. A copy of the Admission Document is available for viewing on the Company's website at www.yellowcakeplc.com.\n \n5 July 2018\n \n \n \nYellow Cake plc (\"Yellow Cake\" or the \"Company\")\n \nMAJOR INITIATIVE IN URANIUM COMMODITY LAUNCHED BY BACCHUS CAPITAL\n \nAdmission to trading on AIM and First Day of Dealings\n \nYellow Cake, a specialist company operating in the uranium sector with a view to hold long term physical uranium ( \"U3O8\"), is pleased to announce that its ordinary shares have today been admitted to trading on the AIM market of the London Stock Exchange under the ticker YCA (\"Admission\") and ISIN JE00BF50RG45.\nYellow Cake was created and incorporated by Bacchus Capital Advisers (\"Bacchus Capital\") to offer shareholders exposure to the uranium price, without the risks associated with investment in companies that explore for, develop, mine or otherwise process uranium. Additionally, the Company intends to use its expertise in order to exploit a range of expected opportunities connected with owning U3O8; including the trading of U3O8, optimisation of logistics associated with the trading of U3O8, generating revenue from the lending of U3O8, and uranium-based financing initiatives such as commodity streaming and royalties. \nAdmission details:\n· In conjunction with the Admission, the Company has successfully raised gross proceeds of approximately £151 million (c. US...