29 November 2024

NANOCO GROUP PLC

("Nanoco" or the "Company")

Glass Lewis and ISS recommend voting against both resolutions

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, notes the voting recommendations published by Glass Lewis & Co ("Glass Lewis") and Institutional Shareholder Services ("ISS") in relation to the Group's forthcoming General Meeting to be held on 13 December 2024.

Both Glass Lewis and ISS recommend that shareholders:

1.   Vote AGAINST the appointment of Rhys Drennan Summerton as a director of the Company

2.   Vote AGAINST the appointment of Andre Charles Tonkin as a director of the Company

Christopher Richards, Non-Executive Chairman of Nanoco, commented:

"It is encouraging that both Glass Lewis and ISS have supported the Board's recommendations to vote against both resolutions at our upcoming general meeting.

We have been clear that the Board believe that the Resolutions are not aligned with the interests of all of the Company's Shareholders and would be highly disruptive to the Board's ability to execute its clear strategy to deliver value to Shareholders.

Given the composition of Nanoco's shareholder register, it is critical that all shareholders vote at the upcoming general meeting in order to protect their future returns. If shareholders have any questions on how to vote their shares, particularly through nominee accounts, I would personally urge them to contact us."

For shareholder enquiries on how to vote your shares, or instruct your broker on how to vote shares on your behalf, please contact [email protected].

Nanoco Group plc:

Christopher Richards, Chairman                                                                                         +44 (0)1928 761 404

Dmitry Shashkov, CEO

Liam Gray, CFO & Company Secretary

Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):

Ed Frisby / George Lawson (Corporate Finance)                                                                  +44 (0) 20 7220 0500

Tim Redfern / Charlie Combe (Corporate Broking)

Jasper Berry (Sales)

CDX Advisors (Financial Adviser):

Steven Foland                                                                                                            +1 415 425 2224

Steve Month

Patrick Foley 

Sodali & Co (Public Relations)                                                                             

Elly Williamson                                                                                                    +44 (0)79 3535 1934

Pete Lambie

[email protected]

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) is a nanomaterial production and licensing group, specialising in the production of its patented cadmium free quantum dots (CFQD®) and other patented nanomaterials for use in the electronics industries. Founded in 2001 and headquartered in Runcorn, UK, Nanoco continues to build out a world-class, patent-protected IP portfolio alongside its existing scaled up production facilities for commercial orders.

Nanomaterials are materials with dimensions typically in the range 1 - 100 nm. Nanomaterials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nanomaterial that have size-dependent optical and electronic properties. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Sensor, Electronics and Display markets. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of display applications. Nanoco's HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectra, rendering them useful for applications including cameras and image sensors.

Nanoco is listed on the Main Market of the London Stock Exchange, holds the LSE's Green Economy Mark, and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com