Business
Glass Lewis recommends to support Nanoco’s Board
Glass Lewis recommends to support Nanoco’s Board.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\nFor Immediate Release 7 August 2023\n \nNANOCO GROUP PLC\n(\"Nanoco\", the \"Company\" or the \"Group\")\n \nGlass Lewis recommendation to support Nanoco's Board\n \nGeneral Meeting - 10 August proxy voting deadline\n \nNanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, notes the voting recommendations recently published by Glass Lewis & Co. (\"Glass Lewis\") in relation to the Group's forthcoming General Meeting to be held on 14 August 2023.\nThe Glass Lewis report recommends that investors vote AGAINST all resolutions that have been proposed, as follows.\n· vote AGAINST all the resolutions to remove the current Board of Nanoco\n· vote AGAINST the proposed appointment of all the Requisitionists' director nominees\nThis is in addition to the report issued by Institutional Shareholder Services (\"ISS\"), as announced on 2 August 2023, which recommended that investors:\n· vote AGAINST all the resolutions to remove the current Board of Nanoco\n· vote AGAINST the proposed appointment of the following director nominees:\no Tariq Hamoodi\no Greg Moeller\no Dooyong Lee\no Benjamin Barnett\no Ikchoon Tim Kang\n \nGeneral Meeting on 14 August 2023\nThe Board is firmly of the view that the changes proposed by Mr Hamoodi are not in the best interests of the Company or its shareholders for the following reasons:\n• ...