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Pin to quick picksNanoco Share News (NANO)

Share Price Information for Nanoco (NANO)

London Stock Exchange
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Share Price: 17.38
Bid: 17.12
Ask: 17.40
Change: -0.49 (-2.74%)
Spread: 0.28 (1.636%)
Open: 17.50
High: 17.50
Low: 17.36
Prev. Close: 17.87
NANO Live PriceLast checked at -

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Nanoco plunges after US customer fails to extend contract

Fri, 21st Jun 2019 07:40

(Sharecast News) - Nanoco's shares lost more than two-thirds of their value after the nano-materials manufacturer said its large US customer had declined to extend an important contract.In January, Nanoco announced a year-long contract extension to its initial agreement with the unidentified US customer, covering stress testing and commissioning at its facility in Runcorn, Cheshire.In an update on Friday, Nanoco said the project would not be extended past its end date of December 2019. Nanoco shares fell 68.77% to 10.15p at 08:15 BST.The UK company said its US customer had taken the decision "for reasons wholly unconnected to the performance of our materials and our service delivery"."Other potential uses for the technology are being explored with a range of customers, including the US customer," Nanoco said. "The group also continues to work on a number of opportunities in a range of sectors including display."Nanoco said the news would not affect its current contract with the US customer. In January, it said the contract underpinned its expectation that revenue would double in the year ending in July 2019."The group still expects to deliver a cash breakeven position, as previously announced, for the twelve months ending December 2019 and to have a cash balance of approximately £6.0m at that time," Nanoco said.Nanoco said revenues and associated cash flows under contract for the financial year ending in July 2020 were about £4m, most of which are included in the cash position forecast on 31 December 2019.
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14 Aug 2023 17:26

Nanoco welcomes rejection of proposals from disgruntled investors

(Alliance News) - Nanoco Group PLC on Monday welcomed the rejection of motions from a group of disgruntled shareholders that could have seen the group's board removed.

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7 Aug 2023 15:44

UK shareholder meetings calendar - next 7 days

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Nanoco Group PLCGM re change in the control of the company
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Aug 2023 13:24

Nanoco hails more proxy support for board ahead of vote

(Alliance News) - Nanoco Group PLC on Monday noted a report recently published by proxy advisory Glass Lewis & Co which recommended investors vote against all general meeting resolutions, which is set to take place next week.

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2 Aug 2023 14:27

IN BRIEF: Nanoco notes ISS is against resolutions to remove board

Nanoco Group PLC - quantum dots manufacturer - says Institutional Shareholder Services recommends against resolutions to remove board and to appoint nominees Tariq Hamoodi, Greg Moeller, Dooyong Lee, Benjamin Barnett and Ikchoon Tim Kang.

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24 Jul 2023 14:13

High Court gives Nanoco the green light for capital reduction

(Alliance News) - Nanoco Group PLC on Monday said that the High Court of England & Wales has sanctioned its capital reduction.

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18 Jul 2023 11:12

Nanoco calls general meeting; attacks 'damaging' requisition proposals

(Alliance News) - Nanoco Group PLC on Tuesday called for a general meeting on August 14 responding to the shareholder requisition of a general meeting, and argued that shareholders should vote against all proposals.

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30 Jun 2023 15:53

UK shareholder meetings calendar - next 7 days

Monday 3 July 
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Tuesday 4 July 
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Strix Group PLCAGM
Versarien PLCGM re capital raise
Wednesday 5 July 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Jun 2023 18:44

Nanoco rejects investor's call for general meeting to remove board

(Alliance News) - Nanoco Group PLC on Wednesday said it received a further approach from investors pushing for the removal of the company's board.

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20 Jun 2023 14:07

Nanoco eyes returning as much as GBP40 million to shareholders

(Alliance News) - Nanoco Group PLC on Tuesday said it plans a capital reduction to pave the way for shareholder returns.

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19 May 2023 14:21

Nanoco rejects another letter from Hamoodi asking for board revamp

(Alliance News) - Nanoco Group PLC on Friday rejected a letter by shareholder Tariq Hamoodi asking for the removal of five of the six board members, excluding only Chief Technology Officer Nigel Pickett.

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3 Apr 2023 10:30

SMALL-CAP WINNERS & LOSERS: Industrials REIT surges on potential offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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28 Mar 2023 13:30

TRADING UPDATES: Empresaria profit up; Animalcare's Covid boost ebbs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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27 Mar 2023 14:09

Nanoco rejects shareholder group's concerns, bosses will not step down

March 27 (Reuters) - Nanoco Group on Monday said its directors had no plans to step down after a shareholder group alleged the nanotechnology company gave misleading information related to settlement prospects in litigation with Samsung Electronics Co and called for their removal.

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27 Mar 2023 14:06

Nanoco rejects shareholder letter demanding removal of board members

(Alliance News) - Nanoco Group PLC on Monday responded to group of shareholders that published a letter raising "serious corporate governance concerns" and demanding the removal from the board of Chair Christopher Richards, Chief Executive Officer Brian Tenner and Chief Financial Officer Liam Gray.

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27 Mar 2023 10:26

SMALL-CAP WINNERS & LOSERS: Nanoco shareholders allege wrongdoing

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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