Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 257,812 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 19.2 pence, with the intention to cancel all purchased shares. After the cancellation, the company will have 207,878,519 Ordinary Shares in issue, including 13,762,222 Ordinary Shares held in treasury, resulting in a total of 194,116,297 voting rights.
The company provided detailed information on the individual trades made by Cavendish Securities plc on behalf of the Company as part of the Buyback Programme. Nanoco's CEO, Brian Tenner, and CFO & Company Secretary, Liam Gray, can be contacted for further information. The company also listed its financial advisers and joint corporate brokers, as well as its public relations contact.
Nanoco, 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. Nanomaterials, with dimensions typically in the range of 1 - 100 nm, possess various useful properties, including optical and electronic. Quantum dots, a subclass of nanomaterial, 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.