CHAIRMAN INCREASES STAKE IN YELLOWCAKE PLC BY 1M SHARES
19 April 2007
YELLOWCAKE PLC, the PLUS quoted uranium investment company, has today been informed that its Chairman, Mark Watson-Mitchell, has significantly increased his stake in the Company.
On Tuesday 17th April 2007 he acquired 1,000,000 shares @ 3p per share. This takes his holding in the Company up to 2,600,000 shares, taking his stake up from 2.77% to 4.50% of the Company's equity.
Mr Watson-Mitchell is also Chairman of Addworth Plc, the active capital investor, which yesterday announced that it had increased its stake in Yellowcake Plc up to 29.99%.
FOR FURTHER INFORMATION
YELLOWCAKE PLC
Mark Watson-Mitchell, Executive Chairman
020 7638 8750
WWW.YELLOWCAKEPLC.CO.UK
NOTES TO EDITORS
YELLOWCAKE (OFEX: 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 include cosmetics, oil and gas supports services, gaming and insurance. It established its own insurance company in Guernsey in January 2007. www.addworth.co.uk