Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 311,133 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The company bought these shares at a price ranging from 15.0791 pence per share. Following the cancellation of the purchased shares, Nanoco will have 201,869,433 Ordinary Shares in issue, representing the total voting rights in the company.
The company intends to cancel all the purchased ordinary shares. This figure will be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in the company under the FCA's Disclosure Guidance and Transparency Rules.
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. Founded in 2001 and headquartered in Runcorn, UK, Nanoco continues to build out a world-class, patent-protected IP portfolio alongside the scaling of the production for commercial orders.
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. Nanoco's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, rendering them useful for applications including cameras and image sensors.