Business
Intention to delist from London Stock Exchange
Nanoco Group PLC intends to delist from the London Stock Exchange's Main Market, a move expected to save £0.7 million annually and extend the company's cash runway, with a £10.1 million cash balance as of May 19, 2026. This decision, requiring shareholder approval at a general meeting on June 19, 2026, aims to reduce operating costs and allow for greater resource allocation to high-potential business areas, while also facilitating future strategic decisions and potential sale processes. The company plans to re-register as a private limited company following the cancellation, with the last day of trading anticipated to be July 17, 2026, and the cancellation effective July 20, 2026. Disclaimer*
About this update from Nanoco Group Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). FOR IMMEDIATE RELEASE 27 May 2026 Nanoco Group PLC ("Nanoco", the "Group", or the "Company") Intention to delist from the Main Market of the London Stock Exchange Since the announcement on 26 January 2026 relating to the termination of the process of finding a purchaser for the Group's trading business, the Board has been considering various options to both maximise shareholder value and preserve the Company's cash balances. 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. In order to further reduce operating costs, the Board has decided 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 (the "Cancellation") while maintaining the ability for Shareholders to continue to be able to trade in Ordinary Shares through the Matched Bargain Facility described below. Such cancellation is expected to result in a further annual cost savings of £0.7m. Although the Company had a cash balance of £10.1 million as at 19 May 2026 and the Company is neither currently experiencing any financial difficulty nor is it expected to in the near term, these cost savings will extend the Group's ...