For immediate
release
Nanoco Group
PLC
("Nanoco", the "Group", or the "Company")
Completion of Buyback
Programme
Nanoco Group plc (LSE: NANO), a
world leader in the development and manufacture of cadmium-free
quantum dots and other specific nanomaterials emanating from its
technology platform, is pleased to announce completion of its
on-market share buyback programme (the "Programme"). On 11 April
2024, the Company announced the return of £30m to shareholders via
a Tender Offer, alongside launching the Programme to purchase up to
£3.0m of ordinary shares in the Company ("Ordinary
Shares").
The Programme ran from 11 April 2024
until 29 October 2024, during which time the Group acquired
18,572,912 Ordinary Shares, for a total consideration of £3.0m, at
an average price of approximately 16.15 pence per Ordinary
Share.
Following the completion of the
Programme, the Group has now returned £33m to shareholders during
2024.
For
further information, please contact:
|
Nanoco Group plc:
Christopher Richards, Non-Executive
Chairman
Dmitry Shashkov, CEO
Liam Gray, CFO & Company
Secretary
|
+44 (0)1928 761 404
|
|
Cavendish Capital Markets Limited (Financial Adviser &
Corporate Broker):
Ed Frisby / George Lawson (Corporate
Finance)
Tim Redfern / Charlie Combe
(Corporate Broking)
Jasper Berry (Sales)
|
+44 (0) 20 7220 0500
|
|
Sodali & Co (Public
Relations):
Elly Williamson
Pete Lambie
Nanoco@sodali.com
|
+44 (0)79 3535 1934
|
About Nanoco Group plc
Nanoco (LSE: NANO) is a nanomaterial
production and licensing company, specialising in the production of
its patented cadmium free quantum dots (CFQD®) and other patented
nanomaterials for use in the electronics industries.
Founded in 2001 and headquartered in
Runcorn, UK, Nanoco continues to build out a world-class,
patent-protected IP portfolio alongside its existing scaled up
production facilities for commercial orders.
Nanomaterials are materials with
dimensions typically in the range 1 - 100 nm. Nanomaterials have a
range of useful properties, including optical and electronic.
Quantum dots are a subclass of nanomaterial that have
size-dependent optical and electronic properties. Within the sphere
of quantum dots, the Group exploits different characteristics of
the quantum dots to target different performance criteria that are
attractive to specific markets or end-user applications such as the
Sensor, Electronics and Display markets. Nanoco's CFQD® quantum
dots are free of cadmium and other toxic heavy metals, and can be
tuned to emit light at different wavelengths across the visible and
infrared spectrum, rendering them useful for a wide range of
display applications. Nanoco's HEATWAVE™ quantum dots can be tuned
to absorb light at different wavelengths across the near-infrared
spectrum, rendering them useful for applications including cameras
and image sensors.
Nanoco is listed on the Main Market
of the London Stock Exchange, holds the LSE's Green Economy Mark,
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com