Yellow Cake plc (LSE:YCA) has granted long-term incentive awards to chief executive Andre Liebenberg and chief financial officer Carole Whittall under the company’s 2019 share option plan.
The awards take the form of nil-cost share options structured as performance shares. Based on a commencement share price of £6.33, Liebenberg received options covering 27,065 shares, while Whittall received options over 11,502 shares.
The options are scheduled to vest in April 2029, subject to the achievement of performance conditions measured over a three-year period.
The performance criteria are primarily linked to Yellow Cake’s relative share price performance compared with uranium-sector peers and benchmarks, as well as growth in the company’s uranium holdings and revenue.
The awards form part of the company’s long-term executive remuneration arrangements and link the number of shares ultimately vesting to the specified performance measures.
More about Yellow Cake plc
Yellow Cake plc is a Jersey-headquartered, London-quoted uranium investment company that provides exposure to the uranium market principally through the acquisition and holding of physical triuranium octoxide, or U3O8.
The company holds 24.4 million pounds of U3O8 at storage facilities in Canada and France. Its activities also include a ten-year uranium supply framework agreement with Kazatomprom.
Yellow Cake’s stated strategy is to generate returns from changes in the value of its physical uranium holdings and other uranium-related activities.
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