High Court Confirmation of Capital Reduction
High Court confirms capital reduction to create distributable reserves, effective within ten days.
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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, announces the confirmation by the High Court of Justice in England and Wales of the Capital Reduction.
On 21 January 2025, the special resolution for the Capital Reduction was approved by 81.2% of shareholders voting at the Annual General Meeting held that day.
The Company is now pleased to announce that on 8 April 2025, the High Court of Justice in England and Wales sanctioned the cancellation of the amount standing to the credit of the Company's capital redemption reserve (the "Capital Reduction"). The Court order confirming the Capital Reduction, and a statement of capital approved by the Court in connection therewith, were sent to the Registrar of Companies who have now published on their website that the documents have been received and are being processed. The Capital Reduction will become fully effective upon the registration of these documents by the Registrar of Companies in the next ten days.
The purpose of the Capital Reduction is to create distributable reserves as described in the Notice of Annual General Meeting dated 6 December 2024.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.