News Announcements
YELLOWCAKE PLC - DIRECTORATE CHANGE
2 September 2008
YELLOWCAKE PLC ("Yellowcake") announces that Mr Robert Wallace will be stepping down as a Director of the Company with immediate effect.
Robert, aged 67, was instrumental in the formation of the Company in February 2005 when the spot price of uranium was US$21.75. He has been its Chief Executive since. He helped to identify the investment attractions of uranium and of uranium mining companies worldwide at an important time and ahead of the substantial subsequent rises in its commodity value.
The Board of Yellowcake would like to thank Robert, who has become one of the leading London-based authorities on the uranium market, for his invaluable contribution to the management of the Company's portfolio and wishes him well for the future.
The remaining directors hold a total of 3,000,000 of the Company's ordinary shares of 0.25p each, representing 5.11% of the shares in issue.
The Directors of the Issuer accept responsibility for this announcement.
For more information please contact:
Yellowcake Plc
Mark Watson-Mitchell, Chairman
Tel: 020 7638 8750
St Helen's Capital Plc
Duncan Vasey/Barry Hocken
Tel: 020 7628 5582
NOTES TO EDITORS
YELLOWCAKE PLC (PLUS: YEL) was the world's first portfolio company specialising wholly in investing in uranium explorers, developers and producers. Founded in February 2005, it floated on London's PLUS Markets in July 2005. Yellowcake commenced investing in quoted and unquoted uranium companies in late September 2005 and currently its portfolio includes companies, with operations in Africa, Australia, Canada, Kazakhstan, Mongolia, Paraguay and the United States.
Its strategy also includes sourcing uranium projects and it has a 9% carried interest in the Grease River Option Agreement with CanAlaska (40%) and Uranium Prospects (PLUS: URPP) (51%).
www.yellowcakeplc.co.uk
Yellowcake plc