15th Jun 2026 09:10
Yellow Cake PLC - Jersey-based investor in and holder of physical uranium, founded by Bacchus Capital Advisers - Starts a buyback programme worth up to USD10 million over 60 days. Notes the recent widening the company's discount to underlying net asset value, and says the share price represents an "attractive opportunity" to increase shareholders' exposure to its uranium holdings at a discount to their underlying value. Adds that broker Canaccord Genuity Ltd will carry out the share purchases on the company's behalf.
"We remain confident in the long-term outlook for uranium and continue to believe that Yellow Cake provides investors with a compelling means of gaining exposure to the commodity," says Chief Executive Andre Liebenberg.
Current stock price: 568.50 pence, up 2.8% on Monday morning in London
12-month change: up 7.1%
By Christopher Ward, Alliance News reporter
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