REG - Nanoco Group PLC - Result of General Meeting

NanocoAnnouncement

13/12/2024 13:30

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RNS Number : 0845Q  Nanoco Group PLC  13 December 2024

13 December 2024

NANOCO GROUP PLC

("Nanoco" or the "Company")

 

Result of General Meeting

 

Nanoco Group plc (LSE: NANO) confirms that, at the General Meeting held
earlier today, neither of the resolutions proposed by Milkwood were passed.

The Board is grateful for the support of shareholders with respect to the
Requisition and their endorsement of the strategy set out in the Circular (and
preceding announcements).

The Board has engaged in constructive dialogue with Milkwood during the period
leading up to and during this Requisition and is making efforts to ensure a
constructive relationship is maintained with the Company's largest shareholder
in the future. The Board is very mindful of its responsibilities to all
shareholders, as well as the Company's wider stakeholders.

Christopher Richards, Non-Executive Chairman of Nanoco, said:

"I would like to thank shareholders again for voting. We see this support for
our recommendations also as a sign of confidence in the Group's Board and
strategy.

It is regrettable that this Requisition has led the Company to incur costs and
not inconsiderable distraction. Our focus is now on supporting Dmitry, as our
new CEO, in executing on our plan and, as and when appropriate, returning
value to all of our shareholders, Milkwood included.

We look forward to providing more updates as we progress."

Details of the number of votes cast for, against and withheld in respect of
the resolutions, which were voted on by way of poll, are set out below and
will also be published on the Company's website: www.nanoco.com.

 Resolution                                                                    Votes For (including Discretionary)  %     Votes Against  %      Votes Total  % Issued Share Capital  Votes Withheld
 THAT, Rhys Drennan Summerton be and is hereby appointed as a director of the  2,846,081                            5.0%  53,528,319     95.0%  56,374,400   29.0%                   208,061
 Company with immediate effect.
 THAT, André Charles Tonkin be and is hereby appointed as a director of the    1,320,070                            2.3%  55,054,330     97.7%  56,374,400   29.0%                   208,061
 Company with immediate effect.

 

The full text of the resolutions can be found in the notice of General Meeting
contained in the Company's circular to Shareholders dated 15 November 2024
(the "Circular"). The Circular is available for viewing at the National
Storage Mechanism which can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's
website at https://www.nanoco.com (https://www.nanoco.com) .

Defined terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires.

 

Nanoco Group plc:

Christopher Richards,
Chairman
 +44 (0)1928 761 404

Dmitry Shashkov, CEO

Liam Gray, CFO & Company Secretary

 

Sodali & Co (Public
Relations)

Pete Lambie
 
            +44 (0)79 3535 1934

Elly
Williamson

Nanoco@sodali.com (mailto:Nanoco@sodali.com)

 

Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):

Ed Frisby / Henrik Persson (Corporate Finance)
 
+44 (0) 20 7220 0500

Tim Redfern / Charlie Combe (Corporate Broking)

Jasper Berry (Sales)

 

CDX Advisors (Financial Adviser):

Steven Foland
 
               +1 415 425 2224

Steve Month

Patrick Foley

Delphine Currie and Kat McGriskin of Reed Smith LLP acted as legal advisers to
the Company.

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) is a nanomaterial production and licensing group,
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 spectra, 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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