15 April 2024
Nanoco
Group PLC
("Nanoco", the "Group", or the "Company")
Transaction in Own
Shares
and
Total Voting
Rights
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 acquisition of Ordinary Shares
under the Option Agreement pursuant to the Tender Offer and under
the share buyback programme.
Acquisition of Ordinary Shares under
Option Agreement pursuant to the Tender Offer
Following the announcement of the
results of the Tender Offer on 11 April 2024 and in accordance with
the Option Agreement, the Company acquired 125,000,000 Ordinary
Shares in the Company from Cavendish at the price of 24 pence per
Ordinary Share on 12 April 2024, representing a total cost of £30.0
million.
Following the purchase by the
Company, 111,250,000 Ordinary Shares have been cancelled and the
remaining 13,750,000 Ordinary Shares purchased, currently held in
treasury, will be transferred to the Nanoco Employee Benefit
Trust.
Acquisition of Ordinary Shares under
Buyback Programme
On 12 April
2024, the Company
purchased the following number of its Ordinary Shares of 10.0 pence
each on the London Stock Exchange in accordance with the terms of
the share buyback programme announced on 11
April 2024 (the "Buyback
Programme"). Nanoco has cancelled all of
these purchased Ordinary Shares.
|
Date of purchase:
|
12/04/2024
|
|
Number of Ordinary Shares
purchased:
|
70,000
|
|
Lowest price paid per Ordinary Share
(pence):
|
21.77
|
|
Highest price paid per Ordinary
Share (pence):
|
21.77
|
|
Volume weighted average price paid
per Ordinary share (pence):
|
21.77
|
Total Voting Rights
Following the transactions described
above, the Company now has 212,840,950 Ordinary Shares in issue
including 13,762,222 Ordinary Shares held in treasury. Therefore,
the total number of voting rights in the Company is 199,078,728 and
this figure may be used by Shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 (as incorporated into UK domestic
law by the European Union (Withdrawal) Act 2018), the table below
contains detailed information of the individual trades made by
Cavendish Securities plc on behalf of the Company as part of the
Buyback Programme.
|
Transaction time
|
Number of shares purchased
|
Transaction price per share
(pence)
|
Trading venue
|
|
16:39:07
|
70,000
|
21.77
|
XLON
|
|
|
|
|
|
For further information, please
contact:
|
Nanoco Group plc:
Brian Tenner, CEO
Liam Gray, CFO & Company
Secretary
|
+44 (0)1928 761 404
|
|
Cavendish Capital Markets Limited
(Financial Adviser & Joint Corporate Broker):
Ed Frisby / George Lawson (Corporate
Finance)
Tim Redfern / Charlie Combe
(Corporate Broking)
Jasper Berry (Sales)
|
+44 (0) 20 7220 0500
|
|
Turner Pope Investments (Joint
Corporate
Broker):
Andrew Thacker
James Pope
|
+44 (0) 20 3657 0050
|
|
Powerscourt (Public
Relations):
Elly Williamson
Ollie Simmonds
Nanoco@powerscourt-group.com
|
+44 (0)7970
246 725
|
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