U.S. stocks rise on Fed cut bets; earnings continue to flow
LONDON - Yellow Cake plc, a specialist company that holds physical uranium for the long term, announced Thursday that shareholders approved all resolutions during its Annual General Meeting.
The company reported that all 14 resolutions presented at the September 4 meeting received majority support, with resolutions 1-12 passed as ordinary resolutions and resolutions 13-14 as special resolutions.
Notable voting results included the re-appointment of all board members, with Sofia Bianchi receiving 98.7% approval and Zoe Rizzuto garnering 99.6% support. The resolution to disapply pre-emption rights received the lowest approval rate at 80.2%.
The annual report and accounts resolution passed with nearly unanimous support at 100%, while the authority to purchase the company’s own shares also received 100% approval with only 9,662 votes against.
According to the company, approximately 54% of Yellow Cake’s share capital with voting rights participated in the meeting. As of September 2, the company had 221,440,730 ordinary shares issued, with 4,584,283 shares held in treasury, resulting in total voting rights of 216,856,447.
Yellow Cake, headquartered in Jersey and listed in London, provides investors with exposure to uranium prices through its strategy of buying and holding physical triuranium octoxide (U3O8). The company currently holds 21.68 million pounds of U3O8 stored in Canada and France.
The information was disclosed in a regulatory announcement to the London Stock Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.