Nanoco Group PLC Result of GM, Move to Main Market and Placing (0446L)
April 22 2015 - 11:45AM
UK Regulatory
TIDMNANO
RNS Number : 0446L
Nanoco Group PLC
22 April 2015
For immediate release 22 April 2015
NANOCO GROUP PLC
("Nanoco" or the "Company")
Result of General Meeting, Move to Main Market
and Placing to raise GBP20 million gross
Nanoco Group plc (AIM: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, announces that all resolutions were duly passed at
its General Meeting held earlier today in connection with the
Company's proposed move from AIM to the Main Market of the London
Stock Exchange and the Placing announced on 31 March 2015.
Following the outcome of the General Meeting, the Company will
now proceed with the proposed move to the Main Market and the
Placing to raise gross proceeds of GBP20 million.
A summary of the votes cast on the Resolutions put to
Shareholders at the General Meeting is shown below:
Resolutions For Against Withheld
----------------------------- -------------------- --------------- ---------
Number % Number % Number
--------------------------------- ------------ ------ -------- ----- ---------
THAT, conditionally
upon Admission, the
New Articles of Association
(as defined in the
Circular) be approved
and adopted as the
new articles of association
of the Company in
substitution for,
and to the exclusion
of, the existing
articles of association
1 of the Company. 140,776,175 99.95 72,957 0.05 578
----------------------------- ------------ ------ -------- ----- ---------
THAT, conditionally
upon the passing
of Resolution 1 and
in addition to the
authority conferred
on the Directors
at the annual general
meeting of the Company
held on 11 December
2014, the Directors
be generally and
unconditionally authorised,
in accordance with
section 551 of the
Companies Act 2006,
to allot up to 19,047,619
Ordinary Shares in
aggregate in the
capital of the Company,
such authority to
expire at the end
2 of 31 July 2015. 140,776,753 99.94 80,400 0.06 0
----------------------------- ------------ ------ -------- ----- ---------
THAT, conditionally
upon the passing
of Resolutions 1
and 2 and in addition
to the authority
conferred on the
Directors at the
annual general meeting
of the Company held
on 11 December 2014,
the Directors be
given power to allot
up to 19,047,619
Ordinary Shares for
cash pursuant to
the authority referred
to in Resolution
2 other than on a
pro-rata basis to
shareholders as if
section 561 of the
Companies Act 2006
did not apply, such
authority to expire
at the end of 31
3 July 2015. 140,761,553 99.86 201,664 0.14 15,200
----------------------------- ------------ ------ -------- ----- ---------
The issued share capital of the Company on the date of the
meeting was 217,330,383 ordinary shares of 10 pence each ("Ordinary
Shares").
In accordance with the Disclosure Rules and Transparency Rules,
a copy of the Resolutions proposed and passed at the General
Meeting will be submitted to the National Storage Mechanism and
will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM and will also be available for
inspection at www.nanocotechnologies.com.
Notification of the Company's intention to de-list from AIM has
been submitted to the London Stock Exchange. It is expected that
the last day of dealings in the Ordinary Shares on AIM will occur
on 30 April 2015.
Applications will shortly be made to the Official List and to
the London Stock Exchange for 236,378,002 Ordinary Shares, fully
paid and conditional upon Admission, to be admitted to listing on
the premium segment of the Official List and to be admitted to
trading on the Main Market. It is expected that Admission of the
236,378,002 Ordinary Shares will occur at 8.00 a.m. on 1 May
2015.
Completion of the Placing and Admission remains subject to
certain conditions. A further announcement will be made in due
course.
All capitalised terms in this announcement have the meaning
given to them in the Circular, unless otherwise defined herein.
For further information, please contact:
Nanoco Tel: +44 (0) 161
603 7900
Michael Edelman, Chief Executive
Officer
Mark Sullivan, Interim Chief
Financial Officer
Canaccord Genuity - Nomad, Tel: +44 (0) 20
Sponsor and Joint Broker 7523 8000
Simon Bridges
Cameron Duncan
Mark Whitmore
Liberum - Joint Broker Tel: +44 (0) 20
3100 2000
Simon Atkinson
Richard Bootle
Buchanan Tel: +44 (0) 20
7466 5000
Mark Court / Sophie Cowles
/ Stephanie Watson
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of
cadmium-free quantum dots and other nanomaterials for use in
multiple applications including LCD displays, lighting, solar cells
and bio-imaging. In the display market, it has an exclusive
manufacturing and marketing licensing agreement with The Dow
Chemical Company.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK. It has production facilities in Runcorn, UK, and a US
subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has
business development executives in Japan, Korea and Taiwan. Its
technology is protected worldwide by a large and growing patent
estate.
Nanoco began trading on the AIM market of the London Stock
Exchange in May 2009 under the ticker symbol NANO. For further
information please visit: www.nanocotechnologies.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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