Nanoco Group PLC announces that all resolutions proposed by the Requisitionists at its General Meeting were rejected. The voting results show that the majority of shareholders voted against the resolutions. The rejection of the resolutions demonstrates the overwhelming support for the Board and their actions.

Christopher Richards, Non-Executive Chairman of Nanoco, expressed gratitude to shareholders for their support and stated that the Board is open to scrutiny and critique. He acknowledged that the Requisitionists' actions and unfounded allegations have caused damage to the company's reputation and value. The Board will respond to shareholder feedback by improving communications, adding new electronics sector experience to the Board, and delivering increases in shareholder value.

Richards highlighted that the business is in a strong position, with the organic business at an exciting inflection point and funding underpinned by litigation proceeds. The company is actively pursuing further licensing activity, with its IP validated in the Samsung litigation process. Nanoco has also committed to returning up to £40m of the net litigation proceeds to shareholders in February 2024.

The full details of each resolution can be found in the Notice of General Meeting on the company's website. Copies of the resolutions passed at the Annual General Meeting have been submitted to the National Storage Mechanism for inspection.

The issued share capital of Nanoco Group PLC on 31 July 2023 was 324,430,950 ordinary shares, with 324,418,728 ordinary shares having voting rights. A "vote withheld" is not counted in the calculation of the percentages of votes cast "For" and "Against" a resolution.