21 January 2025 NANOCO GROUP PLC
("Nanoco", the "Group", or the "Company")
Annual General Meeting - Voting Results
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, is pleased to announce that all resolutions proposed at its AGM were duly passed.
As previously announced, Jalal Bagherli has now been appointed Non-Executive Chairman of Nanoco Group PLC. Christopher Richards stepped down as Non-Executive Chairman at the end of the Annual General Meeting.
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| Votes For i) | Votes Against i) | Votes Withheld ii) | |||||
| | Votes | % of total votes cast | % of total voting rights | Votes | % of total votes cast | % of total voting rights | Votes | % of total voting rights |
| Ordinary Resolution 1 | 62,087,248 | 99.9% | 31.9% | 76,294 | 0.1% | 0.0% | 105,609 | 0.1% |
| Ordinary Resolution 2 | 62,019,209 | 99.8% | 31.9% | 133,268 | 0.2% | 0.1% | 116,674 | 0.1% |
| Ordinary Resolution 3 | 62,005,983 | 99.8% | 31.9% | 140,499 | 0.2% | 0.1% | 122,669 | 0.1% |
| Ordinary Resolution 4 | 61,829,333 | 99.7% | 31.8% | 167,765 | 0.3% | 0.1% | 272,053 | 0.1% |
| Ordinary Resolution 5 | 48,301,809 | 77.8% | 24.8% | 13,760,503 | 22.2% | 7.1% | 206,839 | 0.1% |
| Ordinary Resolution 6 | 57,151,338 | 92.1% | 29.4% | 4,900,914 | 7.9% | 2.5% | 216,899 | 0.1% |
| Ordinary Resolution 7 | 57,102,204 | 92.0% | 29.3% | 4,960,108 | 8.0% | 2.5% | 206,839 | 0.1% |
| Ordinary Resolution 8 | 50,859,219 | 82.0% | 26.1% | 11,182,406 | 18.0% | 5.7% | 227,526 | 0.1% |
| Ordinary Resolution 9 | 50,850,433 | 82.0% | 26.1% | 11,182,962 | 18.0% | 5.7% | 235,756 | 0.1% |
| Ordinary Resolution 10 | 61,850,931 | 99.7% | 31.8% | 172,123 | 0.3% | 0.1% | 246,097 | 0.1% |
| Ordinary Resolution 11 | 50,737,248 | 81.8% | 26.1% | 11,296,303 | 18.2% | 5.8% | 235,600 | 0.1% |
| Ordinary Resolution 12 | 50,613,301 | 81.6% | 26.0% | 11,415,294 | 18.4% | 5.9% | 240,556 | 0.1% |
| Ordinary Resolution 13 | 48,038,962 | 80.7% | 24.7% | 11,495,954 | 19.3% | 5.9% | 2,734,235 | 1.4% |
| Ordinary Resolution 14 | 47,975,762 | 80.6% | 24.7% | 11,531,154 | 19.4% | 5.9% | 2,780,235 | 1.4% |
| Ordinary Resolution 15 | 48,105,701 | 80.8% | 24.7% | 11,449,936 | 19.2% | 5.9% | 2,713,514 | 1.4% |
| Special Resolution 16 | 46,054,166 | 77.4% | 23.7% | 13,419,896 | 22.6% | 6.9% | 2,795,089 | 1.4% |
| Special Resolution 17 | 46,054,170 | 77.4% | 23.7% | 13,424,893 | 22.6% | 6.9% | 2,790,088 | 1.4% |
| Special Resolution 18 | 58,395,313 | 98.4% | 30.1% | 966,402 | 1.6% | 0.5% | 2,670,493 | 1.4% |
| Special Resolution 19 | 60,395,313 | 97.2% | 31.0% | 1,766,999 | 2.8% | 0.9% | 106,839 | 0.1% |
| Special Resolution 20 | 48,297,897 | 81.2% | 24.8% | 11,191,165 | 18.8% | 5.8% | 2,780,089 | 1.4% |
Full details of each resolution were set out in the Notice of Annual General Meeting which is available on the Company's website at www.nanocotechnologies.com. In accordance with Listing Rule 9.6.2, copies of all the resolutions passed as special business at the Annual General Meeting have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Notes to Result of AGM
The Board would like to thank shareholders for their engagement and support ahead of the AGM and throughout the year. While the majority of the Resolutions were passed with significant majorities in favour, the Board notes that Resolutions 5, 16 and 17 passed with a majority of less than 80.0%.
The Board notes that the majority of votes against the above resolutions were received on behalf of one investor, representing c.5.7% of the Company's issued share capital. Due to votes only being received on behalf of 32.0% of the Company's issued share capital, this 5.7% shareholder represented 17.7% of votes cast.
In accordance with provision 4 of the UK Corporate Governance Code (the "Code"), the Board confirms that it will consult and engage with the relevant shareholders to understand and discuss their views with respect to these Resolutions. An update will be provided within six months of the AGM, in accordance with the Code.
i) The issued share capital of Nanoco Group PLC on 31 December 2024 was 194,608,038 ordinary shares with voting rights.
ii) A "vote withheld" is not a vote in law and is not counted in the calculation of the percentages of the votes cast "For" and "Against" a resolution.
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