Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 497,737 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at prices ranging from 19.89 pence, with the intention to cancel all purchased shares. Following this, the company will have 208,651,327 Ordinary Shares in issue, including 13,762,222 held in treasury, resulting in a total of 194,889,105 voting rights.
The company provided detailed information on the individual trades made by Cavendish Securities plc on behalf of the Company as part of the Buyback Programme. Nanoco's CEO, Brian Tenner, and CFO & Company Secretary, Liam Gray, can be contacted for further information. The company's financial adviser and joint corporate broker, Cavendish Capital Markets Limited, and joint corporate broker, Turner Pope Investments, are also available for inquiries.
Nanoco, founded in 2001 and headquartered in Runcorn, UK, specializes in the production of patented cadmium-free quantum dots and other nanomaterials for use in the electronics industries. The company continues to build a world-class, patent-protected IP portfolio alongside scaling production for commercial orders. Nanoco's quantum dots are free of cadmium and other toxic heavy metals, with applications in various markets such as sensors, electronics, and displays. Additionally, the company's HEATWAVE™ quantum dots can be tuned for applications including cameras and image sensors.
The announcement provides a comprehensive overview of Nanoco's recent share buyback activities and its position in the nanomaterials industry, offering insight into its products and market applications.