Business
Proposed Uranium Purchase, Placing of New Shares
Proposed Uranium Purchase, Placing of New Shares.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n \nRNS Number : 9617V Yellow Cake PLC 11 April 2019 \n\n11 April 2019\nTHIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nPURSUANT TO AN EXEMPTION FROM THE U.S. COMMODITY FUTURES TRADING COMMISSION (THE \"CFTC\") IN CONNECTION WITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS, AN OFFERING MEMORANDUM FOR THIS POOL IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE CFTC. THE CFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THIS NOTICE OR ANY OFFERING MEMORANDUM FOR THIS POOL.\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (\"MAR\"). Upon publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.\nYELLOW CAKE PLC\nPROPOSED PURCHASE OF URANIUM AND PLACING OF NEW ORDINARY SHARES\nYellow Cake plc (AIM: YCA) (\"Yellow Cake\" or the \"Company\"), founded and established by Bacchus Capital to be a specialist company operating in the uranium sector with a view to holding physical uranium for the long-term, today announces its intention to conduct a placing of new ordinary shares in the Company (the \"Placing Shares\") to raise approximately £22.9 million (approximately US$30 million) (the \"Placing\"). The Placing is being underwritten by the Joint Bookrunners. The Placing is being conducted utilising the Company's existing share authorities through an accelerated bookbuilding process (the \"Bookbuild\") which will establish the price per Placing Share (the \"Placing Price\") and the number of Placing Shares to be issued and will be launched immediately following this announcement. Numis Securities Limited (\"Numis Securities\"), Joh. Berenberg, Gossler & Co. KG London Branch (\"Berenberg\") and Cantor Fitzgerald & Co. (\"Cantor\") are acting as Joint Bookrunners (together being the \"Joint Bookrunners\"). Bacchus Capital Advisers is acting as Financial Adviser in conn...