Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 490,137 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at a price ranging from 20.1984 pence per share, with the intention to cancel all purchased shares. After the cancellation, the company will have 210,137,705 Ordinary Shares in issue, including 13,762,222 held in treasury, resulting in a total of 196,375,483 voting rights.
The detailed information of the individual trades made by Cavendish Securities plc on behalf of the Company as part of the Buyback Programme has been provided. Nanoco Group plc'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 Group plc, 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 patent-protected IP portfolio and scale production for commercial orders. Nanoco's nanomaterials, with dimensions typically in the range of 1 - 100 nm, possess various useful properties, including optical and electronic. The company's CFQD® quantum dots, free of cadmium and other toxic heavy metals, can emit light at different wavelengths across the visible and infrared spectrum, making them suitable for a wide range of display applications. Additionally, Nanoco's HEATWAVE™ quantum dots can absorb light at different wavelengths across the near-infrared spectrum, making them useful for applications such as cameras and image sensors.