Business
Result of Fund Raise
Result of Fund Raise.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 1950T\n Nanoco Group PLC\n 16 July 2020\n \n \n \n \n THIS ANNOUNCEMENT\n \n AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA, THE REPUBLIC OF IRELAND, NEW ZEALAND\n \n \n \n OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN NANOCO GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF NANOCO GROUP PLC.\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (\"MAR\").\n \n \n \n \n UNLESS OTHERWISE INDICATED, CAPITALISED TERMS IN THIS ANNOUNCEMENT HAVE THE MEANING GIVEN TO THEM IN THE DEFINITIONS SECTION \n \n SET OUT BELOW.\n \n \n \n \n 16\n \n \n July 2020\n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n Nanoco Group plc\n \n \n \n (\"Nanoco\",\n \n the \n \"\n Company\" or the \n \"Group\")\n \n \n Results of Fund Raising\n \n \n \n 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, today announces the results of the fund raising that took place on 15 July 2020.\n \n \n \n In response to overwhelming demand, the Company has decided to increase the fundraising to £3.4 million. Whilst inevitably not all expressions of interest can be satisfied, the structure of the offer and the agreement of Lombard Odier to both increase the offer and accept scale back has ensured that the loyalty and support of our retail shareholders has been rewarded.\n \n \n \n \n \n The increased amount further increases the Company's cash runway until at least the end of 2022 and we would expect this to increase fu...