Business
Review of Long-term Incentive Plan
Review of Long-term Incentive Plan.
About this update from Yellow Cake Plc
[{"type":"text","content":"\n\n5 March 2024\n \n\n \nYellow Cake plc (\"Yellow Cake\" or the \"Company\")\nReview of Long-term Incentive Plan\n \nYellow Cake, a specialist company operating in the uranium sector holding physical uranium (\"U3O8\") for the long term, held its Annual General Meeting on 6 September 2023 (\"AGM\").\nAt the time of the AGM announcement, the Company noted that Investor Shareholder Services (\"ISS\"), a proxy advisory firm, raised concerns regarding the conditions of vesting of the Company's long-term incentive options. While the related resolution was passed by a majority of shareholders, the Company undertook to consult with those shareholders who voted against this resolution to better understand their specific concerns. The Company continues to engage with the relevant shareholders and will provide an update on this in due course in line with the UK Corporate Governance Code.\n\n\n \nENQUIRIES:\n\n\n\n\n \nYellow Cake plc\n\n\n\n\n\n\n\n\n\n\nAndre Liebenberg, CEO\n\n\nCarole Whittall, CFO\n\n\n\n\n\n\n\nTel: +44 (0) 153 488 5200\n\n\n\n\n\n\n\n\n\n\nNominated Adviser and Joint Broker: Canaccord Genuity Limited\n\n\n\n\n\n\n\nJames Asensio\n\n\nHenry Fitzgerald-O'Connor\n\n\n\n\n\n\n\nAna Ercegovic\n\nTel: +44 (0) 207 523 8000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJoint Broker: Berenberg\n\n\n\n\n\n\n\nMatthew Armitt\n\n\nJennifer Lee\n\n\n\n\n\n\n\nDetlir Elezi\n\n\n\n\n\n\n\n\n\n\nTel: +44 (0) 203 207 7800\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial Adviser: Bacchus Capital Advisers\n\n\n\n\nPeter Bacchus\n\n\nRichard Allan\n\n\n\n\nTel: +44 (0) 203 848 1640\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCommunications Adviser: Powerscourt\n\n\n\n\n\n\n\n\n\n\nPeter Ogden\n\n\n\n\n\n\n\n\n\n\nTel: +44 (0) 7793 858 211\n\n\n\n\n\n\n\n\n\n\n \n\nABOUT YELLOW CAKE\nYellow 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 t...