Award of Share Options
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Yellow Cake, a specialist company operating in the uranium sector holding physical uranium for the long term, announces the grant of new share options on 26 July 2024 to the Chief Executive Officer and the Chief Financial Officer. These long-term incentive options are granted under the rules of the Yellow Cake plc Share Option Plan 2019.
Details of the grant are summarised below:
| PDMR | Position | Options awarded | Total number of options held |
|---|---|---|---|
| Andre Liebenberg | Chief Executive Officer | 29,328 | 225,232 |
| Carole Whittall | Chief Financial Officer | 12,464 | 26,558 |
All options awarded on 26 July 2024 have an exercise price of 648 pence per share and will be exercisable three years after the date of grant, save in certain circumstances including a change of control of the Company, and will expire ten years after the date of grant.
The exercise price of 648 pence per share represents the higher of the average of the mid-market closing price of the ordinary shares of the Company on AIM over the five consecutive dealing days immediately preceding the grant date and the estimated Net Asset Value per share at grant.
This notification is made under Article 19 of the UK Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Andre Liebenberg | |
| 2. | Reason for the notification | ||
| a. | Position/status | Chief Executive Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 | |
| b. | Nature of the transaction | Grant of options with an exercise price: 648.00 p per share, under the Yellow Cake plc Share Option Plan 2019 | |
| c. | Price(s) and volume(s) | Price: Nil | 29,328 options |
| d. | Aggregated information · Aggregated volume · Price | As for c above | |
| f. | Place of the transaction | Outside a trading venue | |
| 5. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a. | Name | Carole Whittall | |
| 6. | Reason for the notification | ||
| a. | Position/status | Chief Financial Officer | |
| b. | Initial notification /Amendment | Initial notification | |
| a. | Name | Yellow Cake plc | |
| b. | LEI | 213800CVMYUGOA9EZY95 | |
| a. | Description of the financial instrument, type of instrument, identification code | Ordinary Shares ISIN Code JE00BF50RG45 | |
| b. | Nature of the transaction | Grant of options with an exercise price: 648.00 p per share, under the Yellow Cake plc Share Option Plan 2019 | |
| c. | Price(s) and volume(s) | Price: Nil | 12,464 options |
| d. | Aggregated information · Aggregated volume · Price | As for c above | |
| f. | Place of the transaction | Outside a trading venue |
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