27 January 2022

Yellow Cake plc ("Yellow Cake" or the "Company")

Results of 2022 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 General Meeting of the Company held on 27 January 2022 ("GM" or the "Meeting") all resolutions were duly passed. Resolution 1 was passed as an ordinary resolution and resolution 2 was passed as a special resolution.

The full text of both resolutions passed at the Meeting can be found in the Notice of General Meeting, which is available on the Company's website at www.yellowcakeplc.com. 

The following table shows the votes cast on each resolution:

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 6 January 2022, being the date used to determine the entitlement of shareholders to attend and vote at the General Meeting, the Company's issued share capital was  187,740,730 Ordinary Shares, the number of Ordinary Shares held in treasury was 4,069,498 and the total voting rights in the Company were therefore 183,671,232.

Enquiries:

ABOUT YELLOW CAKE

Yellow Cake is a London-listed company founded and established by Bacchus Capital and 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 the acquisition of uranium royalties and streams or 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 ten-year Framework Agreement for the supply of U₃O₈ with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 15.83 million lb of U₃O₈, all of which is held in storage in Canada and France.