11 March
2024
For immediate release
THE INFORMATION CONTAINED IN THIS
ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR
DISTRIBUTION IN WHOLE OR IN PART IN AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS
RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN
THE TENDER OFFER (AS DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN
OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS
UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR
OTHERWISE.
Nanoco
Group PLC
("Nanoco", the "Group", or the "Company")
Posting of
Circular
Nanoco Group plc (LSE: NANO), a
world leader in the development and manufacture of cadmium-free
quantum dots and other specific nanomaterials emanating from its
technology platform, confirms that, further to the announcement
made earlier today, the Circular setting out the details of a
proposed return of value to Shareholders of up to £33m of the
Samsung litigation proceeds and a Notice of General Meeting has now
been approved by the FCA and will be posted shortly.
The Circular can be viewed on the
Company's website at https://www.nanocotechnologies.com/investors/documents/
and will be submitted to the National Storage
Mechanism and available for inspection at
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism
shortly. In addition, those Shareholders (other
than Restricted Shareholders) who have elected to receive hard
copies of documents will receive a copy of the Circular by
post.
- Ends
-
For further information, please
contact:
Nanoco Group plc:
Brian Tenner, CEO
Liam Gray, CFO & Company
Secretary
|
+44 (0)1928 761 404
|
Cavendish Capital Markets Limited
(Sponsor, Financial Adviser & Joint Corporate
Broker):
Ed Frisby / George Lawson (Corporate
Finance)
Tim Redfern / Charlie Combe
(Corporate Broking)
Jasper Berry (Sales)
|
+44 (0) 20 7220 0500
|
Turner Pope Investments (Joint
Corporate
Broker):
Andrew Thacker
James Pope
|
+44 (0) 20 3657 0050
|
Powerscourt (Public
Relations):
Elly Williamson
Ollie Simmonds
Nanoco@powerscourt-group.com
|
+44 (0)7970
246 725
|
About Nanoco Group plc
Nanoco (LSE: NANO) is a nanomaterial
production and licensing company, specialising in the production of
its 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. Nanomaterials have a
range of useful properties, including optical and electronic.
Quantum dots are a subclass of nanomaterial that have
size-dependent optical and electronic properties. Within the sphere
of quantum dots, the Group exploits different characteristics of
the quantum dots to target different performance criteria that are
attractive to specific markets or end-user applications such as the
Sensor, Electronics and Display markets. 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.
Nanoco is listed on the Main Market
of the London Stock Exchange, holds the LSE's Green Economy Mark,
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com
IMPORTANT
INFORMATION
This announcement (including
information incorporated by reference in this announcement) and
other information published by Nanoco may contain statements about
Nanoco that are or may be deemed to be forward looking
statements. Such statements are prospective in nature.
All statements other than historical statements of facts may be
forward looking statements. Without limitation, statements
containing the words "targets", "plans", "believes", "expects",
"aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or "considers" or other similar words may be forward
looking statements.
Forward looking statements
inherently contain risks and uncertainties as they relate to events
or circumstances in the future. Important factors such as
business or economic cycles, the terms and conditions of Nanoco's
financing arrangements, tax rates, or increased competition may
cause Nanoco's actual financial results, performance or
achievements to differ materially from any forward looking
statements. Due to such uncertainties and risks, readers are
cautioned not to place undue reliance on such forward looking
statements, which speak only as of the date hereof. Nanoco
disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable
law.
The Tender Offer is not being made
to Shareholders resident in Australia, Canada, Japan, and the
Republic of South Africa and any country, region or territory which
is the subject of any comprehensive Sanctions (including, in each
case and without limitation, Cuba, Iran, North Korea, Syria,
Russia, the Crimea Region of Ukraine, the so-called Donetsk
People's Republic and the so-called Luhansk People's Republic). The
distribution of this announcement in certain jurisdictions may be
restricted by law. It is the responsibility of all Overseas
Shareholders to satisfy themselves as to the observance of any
legal requirements in their jurisdiction, including, without
limitation, any relevant requirements in relation to the ability of
such holders to participate in the Tender Offer.
Cavendish Capital Markets Limited
("Cavendish"), which is
authorised and regulated by the FCA in the United Kingdom, is
acting as sponsor, financial adviser and corporate broker to the
Company and no one else in connection with the Tender Offer and the
Return of Value or any other matter set out in this Announcement
and will not regard any other person as its client in relation to
the Tender Offer and the Return of Value and will not be
responsible to anyone other than the Company for providing the
protections afforded to clients of Cavendish or its affiliates nor
for providing advice in relation to the Tender Offer or the Return
of Value, nor for providing advice in relation to the contents of
this document or the Tender Offer or the Return of Value or any
transaction, arrangement or matter referred to in this document.
Neither Cavendish nor any of its affiliates (nor their respective
directors, officers, employees or agents) owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Cavendish in connection with the
Tender Offer or the Return of Value, this Announcement, any
statement contained herein or otherwise. No representation or
warranty, express or implied, is made by Cavendish as to the
contents of this Announcement.
A copy of this announcement will be
available on the Company's website at www.nanocotechnologies.com
. Neither the content of the Company's website,
nor the content on any website accessible from hyperlinks on its
website for any other website, is incorporated into, or forms part
of, this announcement nor, unless previously published by means of
a recognised information service, should any such content be relied
upon in reaching a decision as to whether or not to acquire,
continue to hold, or dispose of, securities in the
Company.