Nanoco Group announces results of Tender Offer and Share Buyback Programme

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, has announced the results of the Tender Offer to return up to £30.0 million to Shareholders, as set out in the shareholder circular published by the Company on 11 March 2024, which closed on 9 April 2024.

Results of the Tender Offer

In total, 160,535,377 Ordinary Shares, being approximately 49.5 per cent. of the Issued Share Capital were validly tendered under the Tender Offer as at 6:00 p.m. on 9 April 2024 (the “Record Date”), meaning that the Tender Offer was oversubscribed. Tenders will therefore be accepted in full from Shareholders who validly tendered a number of Ordinary Shares equal to or less than their Basic Entitlement or those holders of 2,000 Ordinary Shares or less, irrespective of the proportion tendered. Following a scale back exercise, tenders in excess of the Basic Entitlement will be satisfied to the extent of the Basic Entitlement plus approximately 49.6 per cent. of the excess Shares tendered.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Nanoco Group PLC

More articles like this

Nanoco Group PLC

Transformative Nanotechnology for advanced applications

Quantum dots (QDs) are man-made semiconductor nanocrystals with unique optical and electronic properties. They can transport electrons and emit light in various colours, depending on their size and structure. The first QDs were developed in 1981

Nanoco Group PLC

Exploring QLEDs and their advancements

Quantum dot light-emitting diodes, or QLEDs, have emerged as a leading player in display technology. They offer a range of benefits, including richer colors, improved brightness, and energy efficiency. With its superior visual quality and performance,

Nanoco Group PLC

Unlocking the potential of Quantum Dots

Understanding Quantum Dots A quantum dot’s uniqueness stems from the confined space within which its electrons operate. In this constrained environment, the laws of quantum mechanics come into play, unveiling a myriad of peculiar effects that would otherwise

Nanoco Group PLC

Nanoco to return up to £30m to shareholders

Nanoco is to use £33m from the proceeds from its successful litigation against Samsung to buy up its own shares. Nanoco’s board is to conduct a Tender Offer to return up to £30m to shareholders and

Nanoco Group PLC

The fascinating world of Quantum Dots

Quantum dots are nanoscale semiconductor particles that have unique optical and electronic properties due to their quantum mechanical characteristics. The size and shape of these quantum dots can be finely tuned to control their color and optical properties, making

Nanoco Group PLC

Understanding Quantum Dots: Excitement in the patent world

In the world of science, there exists a realm so tiny, yet so powerful, known as “Quantum dots.” It challenges our conventional understanding of materials and light. These minuscule structures exhibit properties distinct from those observed

Nanoco Group PLC

Revolutionising solar energy storage with Quantum Dots

Quantum dots have the potential to revolutionize solar energy storage systems and green hydrogen production. Their unique properties enable them to absorb a wider range of light wavelengths, increasing solar cell efficiency and paving the way