REG - Nanoco Group PLC - Result of Meeting

NanocoAnnouncement

14/08/2023 16:00

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RNS Number : 2701J  Nanoco Group PLC  14 August 2023

14 August 2023                         NANOCO GROUP
PLC

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

General Meeting - Voting Results

 

All resolutions proposed by the Requisitionists emphatically rejected

Nanoco Group plc (LSE: NANO), a world leader in the development and
manufacture of cadmium-free quantum dots and other specific nanomaterials
emanating from our technology platform, is pleased to announce that all
resolutions proposed by the Requisitionists at its GM held today were
rejected.

                         Votes For                                                                              Votes Against                                                                           Votes Withheld
                         Votes       % of total votes cast  % of total voting rights excluding treasury shares  Votes        % of total votes cast  % of total voting rights excluding treasury shares  Votes      % of total voting rights excluding treasury shares
 Ordinary Resolution 1   21,042,276  11.9%                  6.5%                                                154,618,459  87.8%                  47.7%                                               468,820    0.3%
 Ordinary Resolution 2   31,896,310  18.1%                  9.8%                                                143,773,518  81.6%                  44.3%                                               459,727    0.3%
 Ordinary Resolution 3   29,532,600  16.7%                  9.1%                                                146,130,228  83.0%                  45.0%                                               466,727    0.3%
 Ordinary Resolution 4   28,528,164  16.2%                  8.8%                                                147,254,957  83.6%                  45.4%                                               346,434    0.2%
 Ordinary Resolution 5   31,955,122  18.1%                  9.8%                                                142,250,664  80.8%                  43.8%                                               1,923,769  1.1%
 Ordinary Resolution 6   20,974,587  11.9%                  6.5%                                                152,853,810  86.8%                  47.1%                                               2,301,158  1.3%
 Ordinary Resolution 7   30,265,193  17.2%                  9.3%                                                145,556,564  82.6%                  44.9%                                               307,798    0.2%
 Ordinary Resolution 8   29,519,474  16.8%                  9.1%                                                146,015,018  82.9%                  45.0%                                               595,063    0.3%
 Ordinary Resolution 9   18,217,238  10.4%                  5.6%                                                156,967,305  89.1%                  48.4%                                               945,012    0.5%
 Ordinary Resolution 10  30,578,152  17.4%                  9.4%                                                145,012,921  82.3%                  44.7%                                               538,482    0.3%
 Ordinary Resolution 11  18,787,391  10.7%                  5.8%                                                156,900,972  89.1%                  48.4%                                               442,192    0.2%
 Ordinary Resolution 12  31,857,429  18.1%                  9.8%                                                143,442,677  81.4%                  44.2%                                               829,449    0.5%

Christopher Richards, Non-Executive Chairman of Nanoco, said

"I would like to thank shareholders for their overwhelming support for the
Board in rejecting all of the Requisitionists' resolutions by such strong
margins.

"As a Board, we are always open to scrutiny and critique. We recognise that
the Requisitionists' actions and unfounded allegations have caused damage to
perceptions of Nanoco and its value. The actions of the Requisitionists have
been value destructive for shareholders in that they have required a
significant amount of management time, time which should have been spent
running the business and generating value for shareholders.

"The Board has always striven to act in the best interests of all shareholders
and will continue to do so. Going forward we will respond to shareholder
feedback by further improving our communications, adding new electronics
sector experience to the Board, while delivering increases in shareholder
value.

"The business is in a better position than it's ever been. The organic
business is at an exciting inflection point, with funding underpinned by the
litigation proceeds. We are actively pursuing further licencing activity, with
our position strengthened by the validation of our IP in the Samsung
litigation process. We have also committed to returning up to £40m of the net
litigation proceeds to Shareholders in February 2024.

"We thank shareholders for their confidence in the Group's Board and strategy
and look forward to updating you later in the year."

Full details of each resolution were set out in the Notice of General Meeting
which is available on the Company's website at www.nanocotechnologies.com
(http://www.nanocotechnologies.com) . In accordance with Listing Rule 9.6.2,
copies of all the resolutions passed as special business at the Annual General
Meeting have been submitted to the National Storage Mechanism and will shortly
be available for inspection at National Storage Mechanism | FCA
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

i) The issued share capital of Nanoco Group PLC on 31 July 2023 was
324,430,950 ordinary shares. Excluding treasury shares, there were 324,418,728
ordinary shares with voting rights.

ii) A "vote withheld" is not a vote in law and is not counted in the
calculation of the percentages of the votes cast "For" and "Against" a
resolution.

- Ends -

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