NANOCO GROUP PLC — AGM Information 2015

Apr 22, 2015

National Storage Mechanism | Additional information

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RNS Number : 0446L

Nanoco Group PLC

22 April 2015

For immediate release	22 April 2015

NANOCO GROUP PLC

("Nanoco" or the "Company") 

Result of General Meeting, Move to Main Market

and Placing to raise £20 million gross

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that all resolutions were duly passed at its General Meeting held earlier today in connection with the Company's proposed move from AIM to the Main Market of the London Stock Exchange and the Placing announced on 31 March 2015.

Following the outcome of the General Meeting, the Company will now proceed with the proposed move to the Main Market and the Placing to raise gross proceeds of £20 million.

A summary of the votes cast on the Resolutions put to Shareholders at the General Meeting is shown below:

	Resolutions	For		Against		Withheld
		Number	%	Number	%	Number
1	THAT, conditionally upon Admission, the New Articles of Association (as defined in the Circular) be approved and adopted as the new articles of association of the Company in substitution for, and to the exclusion of, the existing articles of association of the Company.	140,776,175	99.95	72,957	0.05	578
2	THAT, conditionally upon the passing of Resolution 1 and in addition to the authority conferred on the Directors at the annual general meeting of the Company held on 11 December 2014, the Directors be generally and unconditionally authorised, in accordance with section 551 of the Companies Act 2006, to allot up to 19,047,619 Ordinary Shares in aggregate in the capital of the Company, such authority to expire at the end of 31 July 2015.	140,776,753	99.94	80,400	0.06	0
3	THAT, conditionally upon the passing of Resolutions 1 and 2 and in addition to the authority conferred on the Directors at the annual general meeting of the Company held on 11 December 2014, the Directors be given power to allot up to 19,047,619 Ordinary Shares for cash pursuant to the authority referred to in Resolution 2 other than on a pro-rata basis to shareholders as if section 561 of the Companies Act 2006 did not apply, such authority to expire at the end of 31 July 2015.	140,761,553	99.86	201,664	0.14	15,200

The issued share capital of the Company on the date of the meeting was 217,330,383 ordinary shares of 10 pence each ("Ordinary Shares").

In accordance with the Disclosure Rules and Transparency Rules, a copy of the Resolutions proposed and passed at the General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM and will also be available for inspection at www.nanocotechnologies.com.

Notification of the Company's intention to de-list from AIM has been submitted to the London Stock Exchange.  It is expected that the last day of dealings in the Ordinary Shares on AIM will occur on 30 April 2015.

Applications will shortly be made to the Official List and to the London Stock Exchange for 236,378,002 Ordinary Shares, fully paid and conditional upon Admission, to be admitted to listing on the premium segment of the Official List and to be admitted to trading on the Main Market.  It is expected that Admission of the 236,378,002 Ordinary Shares will occur at 8.00 a.m. on 1 May 2015.

Completion of the Placing and Admission remains subject to certain conditions.  A further announcement will be made in due course.

All capitalised terms in this announcement have the meaning given to them in the Circular, unless otherwise defined herein.

For further information, please contact:

Nanoco	Tel: +44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
Mark Sullivan, Interim Chief Financial Officer
Canaccord Genuity - Nomad, Sponsor and Joint Broker	Tel: +44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan Mark Whitmore
Liberum - Joint Broker	Tel: +44 (0) 20 3100 2000
Simon Atkinson
Richard Bootle
Buchanan	Tel: +44 (0) 20 7466 5000
Mark Court / Sophie Cowles / Stephanie Watson

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.

Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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