Completion of Buyback Programme
Completed buyback programme purchasing 18.6m shares for £3.0m at average price of 16.15p per share.
- Shares repurchased 18,572,912
- Total buyback consideration £3.0m
- Average price per share 16.15 pence
- Total capital returned to shareholders in 2024 £33m
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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, is pleased to announce completion of its on-market share buyback programme (the "Programme"). On 11 April 2024, the Company announced the return of £30m to shareholders via a Tender Offer, alongside launching the Programme to purchase up to £3.0m of ordinary shares in the Company ("Ordinary Shares").
The Programme ran from 11 April 2024 until 29 October 2024, during which time the Group acquired 18,572,912 Ordinary Shares, for a total consideration of £3.0m, at an average price of approximately 16.15 pence per Ordinary Share.
Following the completion of the Programme, the Group has now returned £33m to shareholders during 2024.
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