ADDWORTH INCREASES STAKE IN YELLOWCAKE PLC TO 29.99%
18 April 2007
The Directors of Yellowcake Plc have today been notified by Addworth Plc, the AIM 'active capital' investor, that following the purchase on Monday 16th April 2007 of 469,225 shares at 3.0625p per share in Yellowcake Plc, it now holds 17,319,225 shares, representing 29.99% of the issued share capital.
The Directors of the Issuer accept responsibility for this announcement.
FOR FURTHER INFORMATION
ADDWORTH PLC
Mark Watson-Mitchell, Executive Chairman
020 7638 8750
www.addworth.co.uk
ST HELEN'S CAPITAL PLC - CORPORATE ADVISER
Barry Hocken
020 7628 5582
NOTES TO EDITORS
YELLOWCAKE (PLUS: YEL), has invested in some of the leading uranium producing mining companies, in a number of businesses with proven reserves of uranium but not yet producing, as well as several uranium exploration companies. Its strategy also includes taking direct investment stakes in uranium mining projects initially in Canada, the USA, South Africa and in various states of the former Soviet Union. On Monday 16th April the Company announced an option agreement with CanAlaska Uranium Ltd, one of Canada's leading uranium exploration companies, to fund the working of a number of the highly prospective Grease River Project licences on the northern limits of the Athabasca Basin. www.yellowcakeplc.co.uk
ADDWORTH (LSE: ADW), is an `active capital investor'. Its focus is upon the growth of capital value and the generation of fee income from: establishing and funding newly quoted companies on both the AIM and PLUS markets; acquiring and developing companies with growth potential; and taking minority equity positions in undervalued smaller listed companies. Its interests includes cosmetics, oil and gas supports services, gaming and insurance. It established its own insurance company in Guernsey in January 2007. www.addworth.co.uk