Nanoco Regulatory News (NANO)

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

Nanoco Group PLC

Results of placing of new ordinary shares in Nanoco

Following the announcement made at 4.40 p.m. on 4 October 2017 in respect of the proposed £8.6 million fundraising (the "Fundraising Announcement"), the Board of Nanoco Group PLC ("Nanoco" or the "Company" or, together with its subsidiaries, the "Group") is pleased to announce that the Company has successfully placed 22,546,405 new Ordinary Shares at a price of 18 pence per share to institutional investors pursuant to the Placing. As such, Lombard Odier's subscription has been scaled back to 23,827,911 new Ordinary Shares. The final Director and Senior Management Subscription was for 1,281,505 new Ordinary Shares, as stated in the Fundraising Announcement.

The Placing Shares represent 10.0 per cent of the existing Ordinary Share capital of the Company (including treasury shares) and the Fundraising Shares (in aggregate, including the Placing Shares) represent 19.999 per cent of the existing Ordinary Share capital of the Company (including treasury shares).

The Fundraising Shares will, when issued, be credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the date of issue and otherwise pari passu in all respects with the existing Ordinary Shares.

The Placing was conducted through an accelerated bookbuild. Peel Hunt acted as Sole Bookrunner.

As set out in the Fundraising Announcement, the Fundraising is conditional upon, among other things, the UKLA approving the Circular to be published in connection with the Fundraising, as well as shareholder approval for various matters connected with the Fundraising (as further described in the Fundraising Announcement). The Circular is expected to be submitted to the UKLA shortly which, subject to UKLA approval, will be sent to shareholders. Application will be made for the Placing Shares to be admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc. It is expected that Admission will occur immediately following the day on which the General Meeting is held, provided that Admission shall occur no later than 30 November 2017. It is currently anticipated that Admission will occur in November 2017. Further details will be announced in due course.

Other than where defined, capitalised terms used in the announcement have the meanings given to them in the Fundraising Announcement.

The person responsible for arranging for the release of this announcement on behalf of the Company is David Blain, Chief Financial Officer.

Important Information

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (Regulation 596/2014). Upon the publication of this Announcement via a Regulatory Information Service this inside information is now considered to be in the public domain.

This Announcement has been issued by and is the sole responsibility of the Company.

This Announcement is not an offer of securities in any jurisdiction.

This Announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from the United States, Canada, Australia, Japan, the Republic of South Africa or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this Announcement.

Peel Hunt, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company and no-one else in connection with the Placing or the matters referred to in this Announcement, will not regard any other person as its client in relation to the Placing and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Placing or any transaction or arrangement referred to in this Announcement.

No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Peel Hunt or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.