Share capital

12 Months Ended

Dec. 31, 2022

Disclosure Of Classes Of Share Capital [Abstract]

Share capital

17. Share capital

Authorized share capital:

- Unlimited number of first preferred shares

- Unlimited number of second preferred shares

- Unlimited number of voting common shares,

no

 stated par value, not convertible or redeemable, and

- One Class B share

A. Common Shares

Number issued

 (number of shares)

2022

2021

Beginning of year

398,059,265

396,262,741

Issued:

Stock option plan [note 25]

401,955

1,796,524

Equity issuance

(a)

34,057,250

-

End of year

432,518,470

398,059,265

(a) On October 17, 2022, Cameco issued

34,057,250

 common shares pursuant to a public offering for a total consideration of

$

996,867,000

. The proceeds of the issue after deducting expenses were $

964,878,000

. Excluding the deferred tax recoveries,

the net cash proceeds amounted to $

953,285,000

.

All issued shares are fully paid. Holders of the common shares are entitled to exercise one vote per share at meetings of

shareholders, are entitled to receive dividends if, as and when declared by our Board of Directors and are entitled to

participate in any distribution of remaining assets following a liquidation. 

The shares of Cameco are widely held and

no shareholder, resident in Canada, is allowed to own more than 25% of the

Company’s outstanding common shares, either individually or together with associates. A non-resident of Canada is not

allowed to own more than 15%. In addition, no more than 25% of total shareholder votes cast may be cast by non-resident

shareholders.

B. Class B share

One Class B share issued during 1988 and assigned $

1

 of share capital

entitles the shareholder to vote separately as a class

in respect of any proposal to locate the head office of Cameco to a place not in the province of Saskatchewan

.

C. Dividends

Dividends on Cameco Corporation common shares are declared in Canadian dollars. For the year ended December 31, 2022,

the dividend declared per share was $

0.12

 (December 31, 2021 - $

0.08

).