TIDMNANO
RNS Number : 2701J
Nanoco Group PLC
14 August 2023
14 August 2023 NANOCO GROUP PLC
(" Nanoco ", the "Group", or the "Company" )
General Meeting - Voting Results
All resolutions proposed by the Requisitionists emphatically
rejected
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from our technology platform, is pleased to
announce that all resolutions proposed by the Requisitionists at
its GM held today were rejected.
Votes For Votes Against Votes Withheld
% of total % of total % of total
voting voting voting
rights rights rights
excluding excluding excluding
% of total treasury % of total treasury treasury
Votes votes cast shares Votes votes cast shares Votes shares
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
1 21,042,276 11.9% 6.5% 154,618,459 87.8% 47.7% 468,820 0.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
2 31,896,310 18.1% 9.8% 143,773,518 81.6% 44.3% 459,727 0.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
3 29,532,600 16.7% 9.1% 146,130,228 83.0% 45.0% 466,727 0.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
4 28,528,164 16.2% 8.8% 147,254,957 83.6% 45.4% 346,434 0.2%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
5 31,955,122 18.1% 9.8% 142,250,664 80.8% 43.8% 1,923,769 1.1%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
6 20,974,587 11.9% 6.5% 152,853,810 86.8% 47.1% 2,301,158 1.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
7 30,265,193 17.2% 9.3% 145,556,564 82.6% 44.9% 307,798 0.2%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
8 29,519,474 16.8% 9.1% 146,015,018 82.9% 45.0% 595,063 0.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
9 18,217,238 10.4% 5.6% 156,967,305 89.1% 48.4% 945,012 0.5%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
10 30,578,152 17.4% 9.4% 145,012,921 82.3% 44.7% 538,482 0.3%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
11 18,787,391 10.7% 5.8% 156,900,972 89.1% 48.4% 442,192 0.2%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Ordinary
Resolution
12 31,857,429 18.1% 9.8% 143,442,677 81.4% 44.2% 829,449 0.5%
----------- ------------ ----------- ------------ ------------ ----------- ---------- -----------
Christopher Richards, Non-Executive Chairman of Nanoco, said
"I would like to thank shareholders for their overwhelming
support for the Board in rejecting all of the Requisitionists'
resolutions by such strong margins.
"As a Board, we are always open to scrutiny and critique. We
recognise that the Requisitionists' actions and unfounded
allegations have caused damage to perceptions of Nanoco and its
value. The actions of the Requisitionists have been value
destructive for shareholders in that they have required a
significant amount of management time, time which should have been
spent running the business and generating value for
shareholders.
"The Board has always striven to act in the best interests of
all shareholders and will continue to do so. Going forward we will
respond to shareholder feedback by further improving our
communications, adding new electronics sector experience to the
Board, while delivering increases in shareholder value.
"The business is in a better position than it's ever been. The
organic business is at an exciting inflection point, with funding
underpinned by the litigation proceeds. We are actively pursuing
further licencing activity, with our position strengthened by the
validation of our IP in the Samsung litigation process. We have
also committed to returning up to GBP40m of the net litigation
proceeds to Shareholders in February 2024.
"We thank shareholders for their confidence in the Group's Board
and strategy and look forward to updating you later in the
year."
Full details of each resolution were set out in the Notice of
General Meeting which is available on the Company's website at
www.nanocotechnologies.com . In accordance with Listing Rule 9.6.2,
copies of all the resolutions passed as special business at the
Annual General Meeting have been submitted to the National Storage
Mechanism and will shortly be available for inspection at National
Storage Mechanism | FCA
i) The issued share capital of Nanoco Group PLC on 31 July 2023
was 324,430,950 ordinary shares. Excluding treasury shares, there
were 324,418,728 ordinary shares with voting rights.
ii) A "vote withheld" is not a vote in law and is not counted in
the calculation of the percentages of the votes cast "For" and
"Against" a resolution.
- Ends -
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END
ROMFLFESTSISLIV
(END) Dow Jones Newswires
August 14, 2023 10:58 ET (14:58 GMT)
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