Nanoco Group Advances Share Buyback Strategy

Nanoco Group plc (GB:NANO) has released an update.

Nanoco Group PLC, a leader in the production of cadmium-free quantum dots, announced the purchase and upcoming cancellation of 100,000 of its own shares on October 3, 2024, as part of its share buyback program initiated earlier in April. The transaction took place at a uniform price of 13.115 pence per share, and following the cancellation, the company will have 196,966,123 shares remaining, which will represent the total voting rights. This move is part of Nanoco’s strategy to optimize shareholder value and manage its capital structure.

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