Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 261,213 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 18.95 pence, with the intention to cancel all the purchased ordinary shares. Following this cancellation, the company will have 208,136,331 Ordinary Shares in issue, including 13,762,222 Ordinary Shares held in treasury, resulting in a total of 194,374,109 voting rights in the Company.
The detailed information of the individual trades made by Cavendish Securities plc on behalf of the Company as part of the Buyback Programme is provided in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014. Nanoco's financial adviser and joint corporate broker, Cavendish Capital Markets Limited, and joint corporate broker, Turner Pope Investments, are available for further information.
Nanoco Group plc, founded in 2001 and headquartered in Runcorn, UK, specializes in the production of patented cadmium-free quantum dots and other patented nanomaterials for use in the electronics industries. The company continues to build a world-class, patent-protected IP portfolio alongside scaling production for commercial orders. Nanoco's 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, making them useful for a wide range of display applications. Additionally, 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.