REG - Nanoco Group PLC - Completion of Buyback Programme

NanocoAnnouncement

30/10/2024 07:15

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RNS Number : 1237K  Nanoco Group PLC  30 October 2024

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:                                                                                                                                                                                         +44 (0)1928 761 404

 Christopher Richards, Non-Executive Chairman

 Dmitry Shashkov, CEO

 Liam Gray, CFO & Company Secretary
 Cavendish Capital Markets Limited (Financial Adviser & Corporate Broker):                                                                                                                                 +44 (0) 20 7220 0500

 Ed Frisby / George Lawson (Corporate Finance)

 Tim Redfern / Charlie Combe (Corporate Broking)

 Jasper Berry (Sales)
 Sodali & Co (Public                                                                                                                                                                                        +44 (0)79 3535 1934
 Relations):

 Elly Williamson

 Pete Lambie

 Nanoco@sodali.com (mailto:Nanoco@sodali.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 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
(http://www.nanocotechnologies.com/)

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