REG - Nanoco Group PLC - Posting of Circular

NanocoAnnouncement

11/03/2024 13:00

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RNS Number : 3743G  Nanoco Group PLC  11 March 2024

11 March
2024
For immediate release

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS
RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THIS ANNOUNCEMENT
DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER OFFER (AS
DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM
ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE
SECURITIES LAWS OR OTHERWISE.

Nanoco Group PLC

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

 

Posting of Circular

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, confirms that, further to the
announcement made earlier today, the Circular setting out the details of a
proposed return of value to Shareholders of up to £33m of the Samsung
litigation proceeds and a Notice of General Meeting has now been approved by
the FCA and will be posted shortly.

The Circular can be viewed on the Company's website at
https://www.nanocotechnologies.com/investors/documents/
(https://www.nanocotechnologies.com/investors/documents/) and will be
submitted to the National Storage Mechanism and available for inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
(https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism)
shortly. In addition, those Shareholders (other than Restricted Shareholders)
who have elected to receive hard copies of documents will receive a copy of
the Circular by post.

- Ends -

 

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 (Sponsor, Financial Adviser & Joint                                                                                                                                 +44 (0) 20 7220 0500
 Corporate 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/)

IMPORTANT INFORMATION

This announcement (including information incorporated by reference in this
announcement) and other information published by Nanoco may contain statements
about Nanoco that are or may be deemed to be forward looking statements.
Such statements are prospective in nature.  All statements other than
historical statements of facts may be forward looking statements.  Without
limitation, statements containing the words "targets", "plans", "believes",
"expects", "aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or "considers" or other similar words may be forward looking
statements.

Forward looking statements inherently contain risks and uncertainties as they
relate to events or circumstances in the future.  Important factors such as
business or economic cycles, the terms and conditions of Nanoco's financing
arrangements, tax rates, or increased competition may cause Nanoco's actual
financial results, performance or achievements to differ materially from any
forward looking statements.  Due to such uncertainties and risks, readers are
cautioned not to place undue reliance on such forward looking statements,
which speak only as of the date hereof.  Nanoco disclaims any obligation to
update any forward looking or other statements contained herein, except as
required by applicable law.

The Tender Offer is not being made to Shareholders resident in Australia,
Canada, Japan, and the Republic of South Africa and any country, region or
territory which is the subject of any comprehensive Sanctions (including, in
each case and without limitation, Cuba, Iran, North Korea, Syria, Russia, the
Crimea Region of Ukraine, the so-called Donetsk People's Republic and the
so-called Luhansk People's Republic). The distribution of this announcement in
certain jurisdictions may be restricted by law. It is the responsibility of
all Overseas Shareholders to satisfy themselves as to the observance of any
legal requirements in their jurisdiction, including, without limitation, any
relevant requirements in relation to the ability of such holders to
participate in the Tender Offer.

Cavendish Capital Markets Limited ("Cavendish"), which is authorised and
regulated by the FCA in the United Kingdom, is acting as sponsor, financial
adviser and corporate broker to the Company and no one else in connection with
the Tender Offer and the Return of Value or any other matter set out in this
Announcement and will not regard any other person as its client in relation to
the Tender Offer and the Return of Value and will not be responsible to anyone
other than the Company for providing the protections afforded to clients of
Cavendish or its affiliates nor for providing advice in relation to the Tender
Offer or the Return of Value, nor for providing advice in relation to the
contents of this document or the Tender Offer or the Return of Value or any
transaction, arrangement or matter referred to in this document. Neither
Cavendish nor any of its affiliates (nor their respective directors, officers,
employees or agents) owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Cavendish in
connection with the Tender Offer or the Return of Value, this Announcement,
any statement contained herein or otherwise. No representation or warranty,
express or implied, is made by Cavendish as to the contents of this
Announcement.

A copy of this announcement will be available on the Company's website at
www.nanocotechnologies.com (http://www.nanocotechnologies.com/) . Neither the
content of the Company's website, nor the content on any website accessible
from hyperlinks on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published by means of
a recognised information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to hold, or
dispose of, securities in the Company.

 

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