29 November 2024
NANOCO
GROUP PLC
("Nanoco"
or the "Company")
Glass
Lewis and ISS recommend voting against both resolutions
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, notes the voting recommendations published by
Glass Lewis & Co ("Glass Lewis") and Institutional Shareholder
Services ("ISS") in relation to the Group's forthcoming General
Meeting to be held on 13 December 2024.
Both Glass Lewis and ISS recommend
that shareholders:
1. Vote AGAINST the appointment of Rhys Drennan
Summerton as a director of the Company
2. Vote AGAINST the appointment of Andre
Charles Tonkin as a director of the Company
Christopher Richards, Non-Executive
Chairman of Nanoco, commented:
"It is encouraging that both Glass
Lewis and ISS have supported the Board's recommendations to vote
against both resolutions at our upcoming general
meeting.
We have been clear that the Board
believe that the Resolutions are not aligned with the interests of
all of the Company's Shareholders and would be highly disruptive to
the Board's ability to execute its clear strategy to deliver value
to Shareholders.
Given the composition of Nanoco's
shareholder register, it is critical that all shareholders vote at
the upcoming general meeting in order to protect their future
returns. If shareholders have any questions on how to vote their
shares, particularly through nominee accounts, I would personally
urge them to contact us."
For
shareholder enquiries on how to vote your shares, or instruct your
broker on how to vote shares on your behalf, please contact
nanoco@georgeson.com.
Nanoco Group plc:
Christopher Richards,
Chairman
+44 (0)1928 761 404
Dmitry Shashkov, CEO
Liam Gray, CFO & Company
Secretary
Cavendish Capital Markets
Limited (Financial Adviser and Corporate Broker):
Ed Frisby / George Lawson (Corporate
Finance)
+44 (0) 20 7220 0500
Tim Redfern / Charlie Combe
(Corporate Broking)
Jasper Berry (Sales)
CDX Advisors (Financial
Adviser):
Steven Foland
+1 415 425
2224
Steve Month
Patrick Foley
Sodali & Co (Public
Relations)
Elly
Williamson
+44 (0)79 3535 1934
Pete Lambie
Nanoco@sodali.com
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) is a nanomaterial
production and licensing group, 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 its
existing scaled up production facilities 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
spectra, 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
