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RNS Number : 5316K Nanoco Group PLC 15 April 2024
15 April 2024
Nanoco Group PLC
("Nanoco", the "Group", or the "Company")
Transaction in Own Shares
and
Total Voting Rights
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, announces the acquisition of Ordinary
Shares under the Option Agreement pursuant to the Tender Offer and under the
share buyback programme.
Acquisition of Ordinary Shares under Option Agreement pursuant to the Tender
Offer
Following the announcement of the results of the Tender Offer on 11 April 2024
and in accordance with the Option Agreement, the Company acquired 125,000,000
Ordinary Shares in the Company from Cavendish at the price of 24 pence per
Ordinary Share on 12 April 2024, representing a total cost of £30.0 million.
Following the purchase by the Company, 111,250,000 Ordinary Shares have been
cancelled and the remaining 13,750,000 Ordinary Shares purchased, currently
held in treasury, will be transferred to the Nanoco Employee Benefit Trust.
Acquisition of Ordinary Shares under Buyback Programme
On 12 April 2024, the Company purchased the following number of its Ordinary
Shares of 10.0 pence each on the London Stock Exchange in accordance with the
terms of the share buyback programme announced on 11 April 2024 (the "Buyback
Programme"). Nanoco has cancelled all of these purchased Ordinary Shares.
Date of purchase: 12/04/2024
Number of Ordinary Shares purchased: 70,000
Lowest price paid per Ordinary Share (pence): 21.77
Highest price paid per Ordinary Share (pence): 21.77
Volume weighted average price paid per Ordinary share (pence): 21.77
Total Voting Rights
Following the transactions described above, the Company now has 212,840,950
Ordinary Shares in issue including 13,762,222 Ordinary Shares held in
treasury. Therefore, the total number of voting rights in the Company is
199,078,728 and this figure may be used by Shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (as
incorporated into UK domestic law by the European Union (Withdrawal) Act
2018), the table below contains detailed information of the individual trades
made by Cavendish Securities plc on behalf of the Company as part of the
Buyback Programme.
Transaction time Number of shares purchased Transaction price per share (pence) Trading venue
16:39:07 70,000 21.77 XLON
For further information, please contact:
Nanoco Group plc: +44 (0)1928 761 404
Brian Tenner, CEO
Liam Gray, CFO & Company Secretary
Cavendish Capital Markets Limited (Financial Adviser & Joint Corporate +44 (0) 20 7220 0500
Broker):
Ed Frisby / George Lawson (Corporate Finance)
Tim Redfern / Charlie Combe (Corporate Broking)
Jasper Berry (Sales)
Turner Pope Investments (Joint Corporate +44 (0) 20 3657 0050
Broker):
Andrew Thacker
James Pope
Powerscourt (Public +44 (0)7970 246 725
Relations):
Elly Williamson
Ollie Simmonds
Nanoco@powerscourt-group.com
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 the scaling of the
production 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
(http://www.nanocotechnologies.com/)
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