Intention to adjourn General Meeting
Nanoco Group PLC intends to adjourn its General Meeting scheduled for June 19, 2026, which was originally convened to seek shareholder approval for the cancellation of its Ordinary Shares from the Official List and trading on the London Stock Exchange. The Board acknowledges shareholder concerns regarding potential lack of liquidity post-delisting and recognizes that the resolutions are unlikely to achieve the required 75% approval. This adjournment will allow for further dialogue with shareholders and exploration of alternative options, as the Board still believes delisting is in shareholders' best interests.
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On 27 May 2026, the Board of Nanoco issued a Circular and Notice of General Meeting convening a General Meeting to be held at 10.30 a.m. on Friday 19th June 2026 in order to seek shareholder approval for the proposed cancellation of the Ordinary Shares from the Official List, and from admission to trading on the main market for listed securities of the London Stock Exchange.
As outlined in full on 27 May 2026, and as detailed in the Circular, the Board believes that by taking further measures to reduce the Company's operating costs and carefully investing its remaining resources in existing high-potential business areas, greater value can be generated for Shareholders.
The Board have engaged extensively in dialogue with the Company's shareholder base, noting in particular the concerns around the potential lack of liquidity that would result were the Company's shares to be delisted. The Board continues to believe that a delisting would be in the best interests of all shareholders but recognises that the resolutions are unlikely to meet the required approval threshold of 75% of votes cast by shareholders at the General Meeting.
It is therefore the Board's intention to propose the adjournment of the General Meeting to explore further options and allow for further constructive engagement and dialogue with shareholders.
Unless otherwise defined herein, the capitalised terms used in this announcement have the same meaning as those used in the Company's announcement released on 27 May 2026.
MAR
Nanoco Group plc:
Jalal Bagherli, Executive Chairman +44 (0)1928 761 404
Liam Gray, Interim CEO & Company Secretary
Sodali & Co
Pete Lambie
Elly Williamson +44 (0)79 3535 1934
Anthony Kluk
Keyvan Amirghassemi
Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):
Ed Frisby / George Lawson (Corporate Finance) +44 (0) 20 7220 0500
Ella Bedford (Corporate Broking)
Jasper Berry (Sales)
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.