Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 270,000 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at prices ranging from 21.2 pence, with the intention to cancel all purchased shares. Following this, the company will have 212,910,950 Ordinary Shares in issue, including 13,762,222 Ordinary Shares held in treasury, resulting in a total of 199,148,728 voting rights.
The company also 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.
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. Nanoco's quantum dots are free of cadmium and other toxic heavy metals, with applications in various markets such as sensors, electronics, and displays. Their HEATWAVE™ quantum dots are designed for applications including cameras and image sensors.