REG - Nanoco Group PLC - Transaction in Own Shares

NanocoAnnouncement

15/04/2024 07:00

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RNS Number : 5316K  Nanoco Group PLC  15 April 2024

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:                                                                                                                                                                                     +44 (0)1928 761 404

 Brian Tenner, CEO

 Liam Gray, CFO & Company Secretary

 Cavendish Capital Markets Limited (Financial Adviser & Joint Corporate                                                                                                                                +44 (0) 20 7220 0500
 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/)

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