Nanoco Group PLC has confirmed the approval and imminent posting of a Circular detailing a proposed return of value to Shareholders of up to £33m of the Samsung litigation proceeds. The Circular, approved by the FCA, will be available for inspection on the Company's website and the National Storage Mechanism. Shareholders who have elected to receive hard copies of documents will receive a copy of the Circular by post.
Nanoco Group plc is a nanomaterial production and licensing company, specializing in the production of its patented cadmium-free quantum dots (CFQD®) and other patented nanomaterials for use in the electronics industries. The company was founded in 2001 and is headquartered in Runcorn, UK. 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.
The company's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, making 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.
The announcement also includes important information regarding forward-looking statements and the Tender Offer, which is not being made to Shareholders resident in Australia, Canada, Japan, and the Republic of South Africa, as well as any country, region, or territory which is the subject of any comprehensive Sanctions.
For further information, the Circular can be viewed on the Company's website, and inquiries can be directed to the provided contact information.