13 December 2024
NANOCO
GROUP PLC
("Nanoco"
or the "Company")
Result of
General Meeting
Nanoco Group plc (LSE: NANO)
confirms that, at the General Meeting held earlier today, neither
of the resolutions proposed by Milkwood were passed.
The Board is grateful for the
support of shareholders with respect to the Requisition and their
endorsement of the strategy set out in the Circular (and preceding
announcements).
The Board has engaged in
constructive dialogue with Milkwood during the period leading up to
and during this Requisition and is making efforts to ensure a
constructive relationship is maintained with the Company's largest
shareholder in the future. The Board is very mindful of its
responsibilities to all shareholders, as well as the Company's
wider stakeholders.
Christopher Richards, Non-Executive Chairman of Nanoco,
said:
"I
would like to thank shareholders again for voting. We see this
support for our recommendations also as a sign of confidence in the
Group's Board and strategy.
It
is regrettable that this Requisition has led the Company to incur
costs and not inconsiderable distraction. Our focus is now on
supporting Dmitry, as our new CEO, in executing on our plan and, as
and when appropriate, returning value to all of our shareholders,
Milkwood included.
We
look forward to providing more updates as we
progress."
Details of the number of votes cast
for, against and withheld in respect of the resolutions, which were
voted on by way of poll, are set out below and will also be
published on the Company's website: www.nanoco.com.
|
Resolution
|
Votes For (including Discretionary)
|
%
|
Votes Against
|
%
|
Votes Total
|
%
Issued Share Capital
|
Votes Withheld
|
|
THAT, Rhys Drennan Summerton be and
is hereby appointed as a director of the Company with immediate
effect.
|
2,846,081
|
5.0%
|
53,528,319
|
95.0%
|
56,374,400
|
29.0%
|
208,061
|
|
THAT, André Charles Tonkin be and is
hereby appointed as a director of the Company with immediate
effect.
|
1,320,070
|
2.3%
|
55,054,330
|
97.7%
|
56,374,400
|
29.0%
|
208,061
|
The full text of the resolutions can
be found in the notice of General Meeting contained in the
Company's circular to Shareholders dated 15 November 2024 (the
"Circular"). The Circular
is available for viewing at the National Storage Mechanism which
can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website at https://www.nanoco.com.
Defined terms used in this
announcement have the meanings given in the Circular unless the
context otherwise requires.
Nanoco Group plc:
Christopher Richards,
Chairman
+44 (0)1928 761 404
Dmitry Shashkov, CEO
Liam Gray, CFO & Company
Secretary
Sodali & Co (Public
Relations)
Pete Lambie
+44 (0)79 3535
1934
Elly
Williamson
Nanoco@sodali.com
Cavendish Capital Markets
Limited (Financial Adviser and Corporate Broker):
Ed Frisby / Henrik Persson
(Corporate Finance)
+44 (0) 20 7220 0500
Tim Redfern / Charlie Combe
(Corporate Broking)
Jasper Berry (Sales)
CDX Advisors (Financial
Adviser):
Steven Foland
+1 415
425 2224
Steve Month
Patrick Foley
Delphine Currie and Kat McGriskin of
Reed Smith LLP acted as legal advisers to the Company.
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) is a nanomaterial
production and licensing group, 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
spectra, 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