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.

On Monday last week, Nanoco said that the the High Court of England & Wales has sanctioned its capital reduction. Earlier in July, 99.8% of shareholders voted for the capital reduction at the company’s general meeting. It said the High Court sanctioned the cancellation of the amount standing to the credit of the company’s share premium reserve and the capital redemption reserve.

Current stock price: 18.04 pence, up 1.4%

12-month change: down 53%

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