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Nanoco Group plc ( (GB:NANO) ) has provided an update.
Nanoco Group plc announced the results of a recent General Meeting where neither of the resolutions proposed by Milkwood, the company’s largest shareholder, were passed. The Board expressed gratitude for shareholder support, viewing it as an endorsement of the company’s strategy. The meeting’s outcome emphasizes the Board’s focus on supporting their new CEO, Dmitry Shashkov, in executing plans to enhance shareholder value, while maintaining a constructive relationship with Milkwood despite incurring costs due to the Requisition.
More about Nanoco Group plc
Nanoco Group plc is a nanomaterial production and licensing company, specializing in the manufacture of patented cadmium-free quantum dots and other nanomaterials for the electronics industry. Founded in 2001 and headquartered in Runcorn, UK, the company focuses on creating a strong intellectual property portfolio and scaling up production facilities. Nanoco’s products target markets such as Sensors, Electronics, and Displays, offering environmentally friendly solutions with applications in displays and image sensors.
YTD Price Performance: -21.40%
Average Trading Volume: 646,913
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £27.95M
See more data about NANO stock on TipRanks’ Stock Analysis page.
