Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 253,783 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at prices ranging from 19.3078 pence, with the intention to cancel all purchased shares. Following the cancellation, the company will have 208,397,544 Ordinary Shares in issue, including 13,762,222 held in treasury, resulting in a total of 194,635,322 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'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, offering a wide range of display applications. Additionally, the company's HEATWAVE™ quantum dots are useful for applications including cameras and image sensors.