Nanoco Group plc (GB:NANO) has released an update.
Nanoco Group PLC, a leading developer of cadmium-free quantum dots and nanomaterials, has announced the purchase and subsequent cancellation of 331,459 ordinary shares at a price of 14.94 pence each as part of its share buyback program initiated on April 11, 2024. The cancellation of these shares will leave the company with 206,016,935 ordinary shares, reflecting the total voting rights. This strategic move is aimed at consolidating share value and comes on the heels of the company’s continued efforts to scale production and protect its robust patent portfolio in cadmium-free quantum dot technology.
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