THEY DIDN'T EVEN DARE ANNOUNCE THE RESULTS OF THE DELISTING VOTE19 Jun 2026 09:13
THEY DIDN'T EVEN DARE ANNOUNCE THE RESULTS OF THE DELISTING VOTE - IS THAT EVEN LEGAL? CAN WE OBLIGE THEM TO PUBLISH IT?
however you try to spin it, terrorwit, the board has backtracked today and been humiliated.
nanoco will not be delisted now.
if the board wants a compromise, it can move the listing to aim. that would be acceptable to many shareholders. what is not acceptable is trying to force retail investors into an illiquid private company.
and if the board is foolish enough to come back with another delisting vote, it should understand this clearly: the next no-delisting campaign will be far more organised, far more visible, and far more aggressive.
i work in marketing. i know how to get a message out. i will use press releases, shareholder articles, share prophet submissions, direct shareholder contact, and, if necessary, obtain a copy of the shareholder register so retail investors can be organised into a united front.
there are also serious questions that now need answering.
was glass lewis genuinely acting in the best interests of nanoco shareholders when it recommended voting in favour of delisting?
what due diligence did it actually carry out?
and was glass lewis paid, directly or indirectly, by nanoco, its advisers, or any connected party in relation to that recommendation?
shareholders deserve to know whether this was a genuinely independent assessment, or simply board-friendly cover for a proposal that was always hostile to retail investors.
secondly, if the board attempts to use votes attached to the nanoco group plc employee benefit trust to force through delisting, then in my view that should trigger an immediate vote of no confidence in the board.
this delisting proposal makes no sense.
nanoco has a large cash balance. no debt. valuable ip. real assets. plenty of options. there are many ways to cut costs without destroying the public listing and trapping ordinary shareholders in a private, illiquid company.
this is not a distressed shell. this is not a broken microcap with no alternatives. this is a company with a dream balance sheet trying to remove public market accountability.
that is why this proposal is so offensive.
shareholders must not be bullied, misled or steamrolled into surrendering their rights.