Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 317,761 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 13.9157 pence, with the intention to cancel all the purchased ordinary shares. Following this cancellation, the company will have 201,405,862 Ordinary Shares in issue, representing the total 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 has been provided in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014. The company's financial adviser and corporate broker, Cavendish Capital Markets Limited, can be contacted for further information.
Nanoco Group plc specializes in the production of patented cadmium-free quantum dots (CFQD®) and other patented nanomaterials for use in the electronics industries. Founded in 2001 and headquartered in Runcorn, UK, the company continues to build out a world-class, patent-protected IP portfolio alongside the scaling of the production for commercial orders. Nanomaterials are materials with dimensions typically in the range 1 - 100 nm, and quantum dots are a subclass of nanomaterial that have size-dependent optical and electronic properties. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals, making them useful for a wide range of display applications.