Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has disclosed the purchase of 259,475 of its ordinary shares on the London Stock Exchange as part of its share buyback program. The shares were bought at a price ranging from 13.89 pence, with the intention to cancel all purchased shares. Following this, the company will have 199,879,421 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. The company's CEO, Brian Tenner, and CFO & Company Secretary, Liam Gray, 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, Nanoco 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, with a range of useful properties, including optical and electronic. Quantum dots, a subclass of nanomaterial, have size-dependent optical and electronic properties. Nanoco's CFQD® 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, rendering 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.