25th Sep 2019 15:31
(Alliance News) - Uranium investor Yellow Cake PLC said on Wednesday a shareholder has sold off its entire stake in the company, worth 6.8%.
Europe-focused Arrowgrass Capital Partners LLP dumped its shares in Yellow Cake on Tuesday. With a market capitalisation of GBP168.7 million, Arrowgrass' stake would have been worth GBP11.5 million.
Yellow Cake shares were 0.9% lower on Wednesday afternoon in London at 191.20 pence each.
Earlier in September, Bloomberg News reported Arrowgrass would be shutting down after a wave of investor redemptions.
By George Collard; [email protected]
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