Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 760,868 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at prices ranging from 22.433 pence to 23.000 pence per share, with the intention to cancel all purchased shares. Following this, the company will have 211,593,643 Ordinary Shares in issue, including 13,762,222 held in treasury, resulting in a total of 197,831,421 voting rights.
The company has provided detailed information on the individual trades made as part of the Buyback Programme, in accordance with regulations. 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. Powerscourt is handling public relations for Nanoco.
Nanoco, founded in 2001 and headquartered in Runcorn, UK, specializes in the production of 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. Nanomaterials, with dimensions typically in the range of 1 - 100 nm, possess various useful properties, including optical and electronic. Quantum dots, a subclass of nanomaterials, have size-dependent optical and electronic properties. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals, making them suitable for a wide range of display applications. Additionally, Nanoco's HEATWAVE™ quantum dots can be tuned for applications including cameras and image sensors.