Business
Glass Lewis recommendation
Nanoco Group PLC announced that Glass Lewis & Co. has recommended shareholders vote in favour of the company's delisting from the London Stock Exchange. This recommendation supports the Board's intention, announced on 27 May 2026, to seek shareholder approval for the cancellation of its Ordinary Shares from the Official List and trading on the LSE's main market. The Board believes this move, alongside cost reductions and focused investment in high-potential business areas, will generate greater shareholder value, with trading continuing via a Matched Bargain Facility. The General Meeting to approve the delisting and re-registration is scheduled for 19 June 2026, requiring at least a 75 per cent. approval from votes cast. Disclaimer*
About this update from Nanoco Group Plc
9 June 2026 Nanoco Group PLC ("Nanoco" or the "Company") Glass Lewis recommends voting for delisting resolution Nanoco Group plc (LSE: NANO), notes the voting recommendations published by Glass Lewis & Co ("Glass Lewis") in relation to the Group's forthcoming General Meeting to be held on 19 June 2026. This follows the Group's announcement on 27 May 2026 that it is the Board's intention 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. Glass Lewis, the independent proxy adviser has recommended that shareholders vote FOR the company's resolution to delist the company from the London Stock Exchange, reinforcing the Board's own position. As outlined in full on 27 May 2026, 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. Subsequent to any cancellation, Shareholders will continue to be able to trade in Ordinary Shares through the company's Matched Bargain Facility. The recommendation comes in advance of the general meeting to be held at 10.30 a.m. on 19 June 2026 for the purposes of obtaining the necessary approvals. Both the Cancellation and the Re-registration require the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy). Liam Gray, Interim CEO of Nanoco, commented: "We welcome the recommendation from Glass Lewis, which reflects an independent assessment of the Board's proposals. The Board remains confident that cancellation of the listing is the right course of action to reduce costs and preserve capital as we focus on delivering value for shareholders. We encourage all shareholders to vote in favour of the resolutions at the general meeting on 19 June and remind those holding through nominee accounts to check their platform's internal deadline." Voting queries Shareholders are strongly encouraged to exercise their vote. If you hold your shares through a broker, nominee, or investment platform, please be aware that your platform's internal deadline for submitting voting instructions is likely to be significantly earlier than the proxy...