Nanoco Group PLC has made a significant announcement regarding its recent share transactions and total voting rights. The company has repurchased 137,285 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were purchased at prices ranging from 19.9573 pence, with the intention to cancel all the repurchased shares.
Additionally, Nanoco has transferred 13,762,222 ordinary shares to the Employee Benefit Trust, with 13,750,000 shares being in line with the terms of the share buyback program. Following these transactions, the company will have 206,675,798 Ordinary Shares in issue, with none held in treasury. This results in a total number of voting rights in the company of 206,675,798.
The company has provided detailed information on the individual trades made as part of the Buyback Programme, in accordance with the relevant regulations. Nanoco's CEO, Brian Tenner, and CFO & Company Secretary, Liam Gray, are available for further information. The company's financial adviser and corporate broker, Cavendish Capital Markets Limited, and its public relations firm, Powerscourt, are also available for inquiries.
Nanoco Group PLC, a nanomaterial production and licensing company, specializes in the production of cadmium-free quantum dots 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 production for commercial orders. The company's quantum dots are free of cadmium and other toxic heavy metals, making 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.