Nanoco Regulatory News (NANO)

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16 July 2020

FOR IMMEDIATE RELEASE

Nanoco Group plc

("Nanoco", the "Company" or the "Group")

Results of Fund Raising

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.

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.

The increased amount further increases the Company's cash runway until at least the end of 2022 and we would expect this to increase further with new business wins already under discussion.

The fundraise secures the value inherent in our IP, our operating skills and capabilities, and our ability to service existing and new customer opportunities in full.

The longer organic cash runway, in parallel with the third party funding for the Samsung litigation, means that the significant value in the lawsuit cannot be depleted by any delaying tactics and will not go unnoticed. The support of our shareholders validates our determination to recover the value that we believe they have been deprived of.

The total number of new shares to be issued is 19,479,856 new Ordinary Shares at 17.5p per Ordinary Share

Chris Richards, Chairman of Nanoco Group said:

"We are delighted to have such strong demand and support from our shareholders. The proceeds from the fund raise now secure the Company's operational cash runway until the end of 2022, with any new commercial opportunities creating further upside. The strong demand reflects investor confidence in the value in our IP and our core operational capabilities for the development, scale up and production of novel nanomaterials.

"With third party litigation funding, and an extended cash runway for the Company, the potentially significant value in the lawsuit against Samsung is safeguarded against attempts to extend the litigation beyond the Company's cash runway. It also allows us to continue to fully support our customers in the Sensing and Display sectors as they seek to expand and accelerate their own product development and sales.

"All of these factors combined deliver enhanced value for the Group to the benefit of all of our stakeholders."

More details of the fund raise

Applications have been made to the FCA for the 19,479,856 new Ordinary Shares issued pursuant to the Fundraise to be admitted to the premium segment of the Official List and to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on its main market for listed securities. Admission is expected to become effective, and dealings in the new Ordinary Shares are expected to commence, at 8.00 a.m. on 20 July 2020. Following Admission, the new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

On Admission, the Company's issued share capital will comprise 305,699,102 Ordinary Shares, of which 12,222 were previously held in treasury and remain so. Each Ordinary Share carries the right to one vote and, therefore, the total number of voting rights in the Company on Admission will be 305,686,880. This figure may be used by Shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

== End == 

/All references to time in this document are to London time, unless otherwise stated.

For further information, please contact:

Nanoco Group PLC:

Michael Edelman, CEO +44 (0) 161 603 7900

Brian Tenner, COO & CFO +44 (0) 161 603 7900

Caroline Watson, Investor Relations Manager

cwatson@nanocotechnologies.com

Peel Hunt (Sponsor and Corporate Broker):

Edward Knight +44 (0) 20 7418 8900

Nick Prowting

PrimaryBid Limited:

Kieran D'Silva +44 (0) 20 3026 4750

James Deal

MHP Communications: +44 (0) 203 128 8570

Reg Hoare

Giles Robinson

Pete Lambie

nanoco@mhpc.com

The person responsible for arranging for the release of this announcement on behalf of Nanoco is Brian Tenner, Chief Financial Officer.

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are materials with dimensions typically in the range 1 - 100 nm. Nano-materials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nano-material that have size-dependent optical and electronic properties. The Group produces quantum dots. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Display and Electronics markets. One of the interesting properties of quantum dots is photoluminescence: the emission of longer wavelength light upon excitation by light of a shorter wavelength. The colour of light emitted depends on the particle size. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of applications including displays, lighting and biological imaging.

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.

Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.