REG - Nanoco Group PLC - High Court Confirmation of Capital Reduction

NanocoAnnouncement

17/04/2025 16:00

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RNS Number : 5274F  Nanoco Group PLC  17 April 2025

For immediate release

Nanoco Group PLC

("Nanoco", the "Group", or the "Company")

 

High Court Confirmation of Capital Reduction

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 confirmation by the High
Court of Justice in England and Wales of the Capital Reduction.

 

On 21 January 2025, the special resolution for the Capital Reduction was
approved by 81.2% of shareholders voting at the Annual General Meeting held
that day.

 

The Company is now pleased to announce that on 8 April 2025, the High Court of
Justice in England and Wales sanctioned the cancellation of the amount
standing to the credit of the Company's capital redemption reserve (the
"Capital Reduction"). The Court order confirming the Capital Reduction, and a
statement of capital approved by the Court in connection therewith, were sent
to the Registrar of Companies who have now published on their website that the
documents have been received and are being processed. The Capital Reduction
will become fully effective upon the registration of these documents by the
Registrar of Companies in the next ten days.

 

The purpose of the Capital Reduction is to create distributable reserves as
described in the Notice of Annual General Meeting dated 6 December 2024.

 

For further information, please contact:

 

 Nanoco Group plc:                                                                                                                                                                                         +44 (0)1928 761 404

 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 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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