8 September 2026
Yellow Cake plc ("Yellow Cake" or the "Company")
Results of 2026 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 8 September 2026 ("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 |
148,003,227 |
99.99 |
2,452 |
0.01 |
148,005,679 |
58.90 |
1,014,977 |
|
2 |
Re-appoint Anthony Tudor St John, The Lord St John of Bletso |
143,404,681 |
96.81 |
4,732,004 |
3.19 |
148,136,685 |
58.95 |
883,971 |
|
3 |
Re-appoint Andre Liebenberg |
148,118,926 |
99.94 |
86,897 |
0.06 |
148,205,823 |
58.98 |
814,833 |
|
4 |
Re-appoint Carole Whittall |
147,991,500 |
99.90 |
147,878 |
0.10 |
148,139,378 |
58.95 |
881,278 |
|
5 |
Re-appoint Sofia Bianchi |
138,005,046 |
93.16 |
10,132,367 |
6.84 |
148,137,413 |
58.95 |
883,243 |
|
6 |
Re-appoint Alexander Downer |
147,729,764 |
99.73 |
405,030 |
0.27 |
148,134,794 |
58.95 |
885,862 |
|
7 |
Re-appoint Alan Rule |
147,900,321 |
99.83 |
254,330 |
0.17 |
148,154,651 |
58.96 |
866,005 |
|
8 |
Re-appoint Zoe Rizzuto |
147,454,317 |
99.54 |
679,723 |
0.46 |
148,134,040 |
58.95 |
886,616 |
|
9 |
Re-appoint auditor |
148,157,019 |
99.99 |
15,638 |
0.01 |
148,172,657 |
58.96 |
847,999 |
|
10 |
Auditor's remuneration |
148,199,571 |
99.97 |
40,430 |
0.03 |
148,240,001 |
58.99 |
780,655 |
|
11 |
Approve directors' remuneration report |
147,832,368 |
99.74 |
387,010 |
0.26 |
148,219,378 |
58.98 |
801,278 |
|
12 |
Authority to allot shares |
135,525,850 |
91.43 |
12,710,030 |
8.57 |
148,235,880 |
58.99 |
784,776 |
|
13 |
Disapply pre-emption rights |
116,569,430 |
78.64 |
31,660,907 |
21.36 |
148,230,337 |
58.99 |
790,319 |
|
14 |
Authority to purchase own shares |
148,208,594 |
99.97 |
37,205 |
0.03 |
148,245,799 |
58.99 |
774,857 |
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 4 September 2026, 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 257,243,467 Ordinary Shares, the number of Ordinary Shares held in treasury was 5,948,259 and the total voting rights in the Company were therefore 251,295,208.
The Board notes that resolution 13 (disapplication of pre-emption rights) was passed with the necessary majority but received less than 80% of votes in favour. The Company aspires to the highest level of shareholder and stakeholder engagement and intends to consult with those shareholders who voted against this resolution to better understand their specific concerns. The Company will publish an update on the views received and any actions taken no later than six months after the Meeting, in accordance with the UK Corporate Governance Code.
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 |
James Whitaker |
|
|
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 (together, 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 24.4 million pounds of U3O8, all of which is held in storage in Canada and France.