Brief: Nanoco Group Signs Agreement To Hedge Second Tranche Of Litigation Proceeds Due To Be Received In Feb 2024
03/10/2023 16:38
Oct 3 (Reuters) - Nanoco Group PLC NANON.L :
* NANOCO GROUP PLC - SIGNED AN AGREEMENT TO HEDGE SECOND
TRANCHE
OF LITIGATION PROCEEDS DUE TO BE RECEIVED IN FEBRUARY 2024
* NANOCO GROUP PLC - HEDGE MEANS THAT NANOCO WILL RECEIVE
£58.8M
IN RETURN FOR SELLING $71.75M
Source text for Eikon: ID:nRSC5734Oa
Further company coverage: NANON.L
((Reuters.Briefs@thomsonreuters.com;))