Nanoco-Group-Plc-Prospectus.Pdf

Total Page:16

File Type:pdf, Size:1020Kb

Nanoco-Group-Plc-Prospectus.Pdf THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. When considering what action you should take or if you are in any doubt about the contents of this document or as to the action you should take, you are recommended to seek your own independent financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial advisor authorised under the Financial Services and Markets Act 2000 (‘‘FSMA’’), who specialises in advising on the acquisition of shares and other securities. This document comprises a prospectus (the ‘‘Prospectus’’) relating to Nanoco Group plc (the ‘‘Company’’) and has been prepared in accordance with the Prospectus Rules of the Financial Conduct Authority (the ‘‘FCA’’) made under Section 73A of FSMA. This Prospectus has been filed with, and approved by, the FCA and has been made available to the public in accordance with Rule 3.2 of the Prospectus Rules. Application has been made, respectively, to the FCA and to London Stock Exchange plc (the ‘‘London Stock Exchange’’) for all of the ordinary share capital of the Company, being the Ordinary Shares in issue as at the date of this Prospectus and the New Ordinary Shares that will be issued in connection with the Placing, to be admitted to the premium listing segment of the Official List of the FCA (the ‘‘Official List’’) and to trading on the London Stock Exchange’s main market for listed securities (together ‘‘Admission’’). No application has been made or is currently intended to be made for the Ordinary Shares to be admitted to listing or to be dealt in on any other exchange. It is expected that Admission will become effective and that dealings in the Ordinary Shares will commence on the London Stock Exchange at 8:00 a.m. (London time) on 1 May 2015. The Company and its Directors (whose names appear on page 42 of this Prospectus) accept responsibility for the information contained in this Prospectus. To the best of the knowledge and belief of the Company and the Directors, who have taken all reasonable care to ensure that such is the case, the information contained in this Prospectus is in accordance with the facts and contains no omission likely to affect the import of such information. Prospective investors should read the whole of this Prospectus and, in particular, the attention of potential investors is drawn to Part II: ‘‘Risk Factors’’ on pages 28 to 40 of this Prospectus for a discussion of certain risks and other factors that should be considered in connection with the Company and an investment in the New Ordinary Shares. NANOCO GROUP PLC (incorporated under the Companies Acts 1985 to 2006 and registered in England and Wales with registered number 05067291) Placing of 19,047,619 New Ordinary Shares at a Placing Price of 105 pence per New Ordinary Share Admission to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange Sponsor and Joint Bookrunner CANACCORD GENUITY LIMITED Joint Bookrunner LIBERUM CAPITAL LIMITED Ordinary Share capital immediately following the Placing and Admission Number Ordinary Shares of £0.10 each Amount 236,378,002 £23,637,800.20 The New Ordinary Shares to be issued pursuant to the Placing will, following Admission, rank pari passu in all respects with the other issued Ordinary Shares and will carry the right to receive all dividends and distributions declared, made or paid on or in respect of the issued Ordinary Shares after Admission. Canaccord Genuity Limited (‘‘Canaccord’’), which is authorised and regulated by the FCA in the United Kingdom, is acting as sponsor and joint bookrunner to the Company and no one else in connection with the Placing and Admission and the matters described herein and will not be acting for any other person (whether or not a recipient of this Prospectus) or otherwise be responsible to any other person for providing the protections afforded to customers of Canaccord or for advising any other person in connection with the Placing and/or Admission. Liberum Capital Limited (‘‘Liberum’’) is acting as joint bookrunner to the Company and no one else in connection with the Placing and Admission and the matters described herein and will not be acting for any other person (whether or not a recipient of this Prospectus) or otherwise be responsible to any other person for providing the protections afforded to customers of Liberum or for advising any other person in connection with the Placing and/or Admission. Neither Canaccord nor Liberum has authorised the contents of any part of this Prospectus or independently verified the contents of any part of this Prospectus. Neither Canaccord nor Liberum accepts any responsibility or liability whatsoever, and makes no representation or warranty, express or implied, in relation to the contents of this Prospectus nor for the accuracy of any information or opinions contained in this Prospectus nor for the omission of any information from this Prospectus for which the Company and the Directors are solely responsible. Each of Canaccord and Liberum accordingly disclaim all and any liability, whether arising in tort, contract or otherwise, which any of them might otherwise be found to have in respect of this Prospectus or any such statement. This does not exclude or limit any responsibility which might be imposed on either of Canaccord or Liberum (including in the case of Canaccord in its capacity as sponsor) under FSMA, the Financial Services Act 2012 or the regulatory regime established thereunder or under the regulatory regime of any jurisdiction where exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable. Reliance on this Prospectus Prior to making any decision as to whether to invest in New Ordinary Shares, prospective investors should read the entirety of this Prospectus. In making any investment decision, each investor must rely on their own examination, analysis and enquiry of the Company and the terms of the Placing, including the associated merits and risks. Investors should rely only on the information contained in the Prospectus. No person has been authorised to give any information or make any representations other than those contained in this Prospectus in connection with the Placing and Admission and, if given or made, such information or representations must not be relied upon as having been authorised by or on behalf of the Company, the Directors, Canaccord or Liberum. Without prejudice to any legal or regulatory obligation of the Company to publish a supplementary prospectus pursuant to Section 87G of FSMA and paragraph 3.4 of the Prospectus Rules, neither the delivery of this Prospectus nor any subscription or purchase of shares pursuant to it shall, under any circumstances, create any implication that there has been no change in the business or affairs of the Company or the Group taken as a whole since, or that the information contained in this Prospectus is correct at any time subsequent to, the date of this Prospectus. The contents of this Prospectus are not to be construed as legal, financial, business or tax advice. Each prospective investor should consult their own legal advisor, financial advisor or tax advisor for legal, financial or tax advice. NOTICE TO OVERSEAS SHAREHOLDERS The distribution of this Prospectus and the Placing of the New Ordinary Shares in certain jurisdictions may be restricted by law. No action has been taken or will be taken by the Company, Canaccord or Liberum to permit a public offering of the Ordinary Shares or to permit the possession, issue or distribution of this Prospectus (or any other offering or publicity materials or application form(s) relating to the Ordinary Shares) in any jurisdiction where action for that purpose may be required or doing so is restricted by law. Accordingly, neither this Prospectus nor any advertisement or any other offering material may be distributed or published in any jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Persons into whose possession this Prospectus comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdiction. None of the Company, the Directors, Canaccord or Liberum is making any representation to any placee or subscriber of New Ordinary Shares regarding the legality of an investment in the New Ordinary Shares. 2 This Prospectus does not constitute an offer of, or the solicitation of an offer to subscribe for or buy, Ordinary Shares or New Ordinary Shares to any person in any jurisdiction in which such offer or solicitation is unlawful. In particular, this Prospectus is not for distribution or publication in Australia, Canada, Japan or the United States. Neither the Ordinary Shares nor the New Ordinary Shares have been and they will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, Ordinary Shares and New Ordinary Shares may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. In addition, the Ordinary Shares and the New Ordinary Shares are subject to restrictions on transferability and resale in certain jurisdictions and may not be transferred or resold except as permitted under applicable securities laws and regulations. Investors should be aware that they may be required to bear the financial risk of this investment for an indefinite period of time. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Further information with regard to the restrictions on the distribution of this Prospectus and the offering, sale and transfer of New Ordinary Shares are set out in paragraph 8 of Part XIII: ‘‘Details of the Placing’’.
Recommended publications
  • Admission to AIM
    Admission to AIM THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt about the contents of this document, or as to the action you should take you are recommended immediately to seek your own personal financial advice from your stockbroker, accountant or other independent financial adviser authorised under the Financial Services and Markets Act 2000 who specialises in advising on the acquisition of shares and other securities. This document comprises an admission document prepared in accordance with the AIM Rules. This document does not constitute an offer to the public requiring an approved prospectus for the purposes of section 85 of FSMA; has not been prepared in accordance with the Prospectus Rules published by the Financial Services Authority; and has not been approved by or filed with the Financial Services Authority or by any other authority which could be a competent authority for the purposes of the Prospectus Directive. Copies of this document will be available free of charge to the public during normal business hours on any day (Saturdays, Sundays and public holidays excepted) at the offices of Evolutec Group plc at 7 Devonshire Square, London EC2M 4YH from the date of this document until one month from the date of Admission in accordance with Rule 3 of the AIM Rules. The Company, the Directors and Proposed Directors whose names appear on page 7 of this document, accept responsibility both individually and collectively for the information contained in this document. To the best of the knowledge and belief of the Company, the Directors and Proposed Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information.
    [Show full text]
  • Half Year Results Presentation
    HALF YEAR RESULTS PRESENTATION For the six months ended 31 January 2018 DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Nanoco Group PLC or any of its subsidiaries (“Nanoco”). It should be noted that past performance cannot be relied on as a guide to future performance. This presentation contains forward- looking statements with respect to Nanoco’s plans and objectives regarding its financial conditions, results of operations and businesses. The financial information referenced in this presentation does not contain sufficient detail to allow a full understanding of Nanoco’s results. For more detailed information, the entire text of the interim results announcement for the half year ending 31 January 2018, can be found on the Investor Relations section of the Nanoco website (www.nanocogroup.com). 1 HIGHLIGHTS – ENCOURAGING PROGRESS IN COMMERCIALISATION Momentum in current trading • Game changing Material Development and Supply Agreement with a large US-listed Corporation for advanced electronic devices • Increasing number of Nanoco equipped displays products moving through to commercial production with o First display products
    [Show full text]
  • Environmentally Friendly Quantum Dots for Display Applications
    Environmentally Friendly Quantum Dots for Display Applications E. Jang SAIT, Samsung Electronics, Suwon, Korea, email: [email protected] Abstract— Ever since the physics of quantum dot (QD) was Color IQ technology, which was the glass tube optic using Cd- discovered, much research effort has been carried out for based QD. After that, TCL, Philips, BOE, Hisense and Konka more than 30 years, and lots of applications adopting QDs applied the same technology for their TV and monitor have been proposed. Especially, wide color gamut displays products. Nanosys has been very active in commercializing using QDs as active light emitting materials have drawn QD-film through the joint development with film-fabricating much attention. And, the QD-based consumer displays such companies such as 3M, LMS, Hitachi, and Nitto Denko. as LED TVs, tablets, and special monitors are now on the Starting from Amazon’s Kindle fire tablet, QD color market. They provide best color gamut, reasonable power converting film, which is called as QDEF, was adopted in the ASUS’s laptop and monitor, and TVs of Hisense, TCL, Vizio, efficiency, and affordable price showing superior competitive AUO. In China, Najing technology started to provide QDs to edge to OLED technology. However, still there are issues film makers such as Sangbo and Poly-OE, and work with TCL and argues using Cadmium containing materials in practical and Hisense to produce TVs. Nanoco is one of the pioneer consumer devices. In spite of the European RoHS companies to have developed the Cd-free QDs from the Exemptions, we need to be aware the environmental risk of beginning, and they have collaborated with Dow chemical and producing large quantity of Cd-containing materials and Merck for the mass-production.
    [Show full text]
  • Nanoco Group Plc
    NANOCO GROUP PLC NEEDHAM GROWTH CONFERENCE JANUARY 2019 DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Nanoco Group PLC or any of its subsidiaries (“Nanoco”). It should be noted that past performance cannot be relied on as a guide to future performance. This presentation contains forward-looking statements with respect to Nanoco’s plans and objectives regarding its financial conditions, results of operations and businesses. The financial information referenced in this presentation does not contain sufficient detail to allow a full understanding of Nanoco’s results. For more detailed information, the entire text of the preliminary results announcement for the full year ended 31 July 2018, can be found on the Investor Relations section of the Nanoco website (www.nanocogroup.com). COPYRIGHT NANOCO 1 PRESENTERS Dr Michael Edelman - Chief Executive Officer Nanoco has been led by Dr Michael Edelman since September 2004. Michael led the initial fundraising, spun Nanoco out of the University of Manchester, floated the Group on the London Stock Exchange in 2009 and grew Nanoco into the world-leading quantum dot player it is today. Prior to Nanoco, Michael held a number of executive roles, including having responsibility for licensing the technology developed by GE/Bayer joint venture Exatec LLP, Vice President and Managing Director at yet2.com, Commercial Director at Colloids Ltd and Business Manager at Brunner Mond & Co Ltd.
    [Show full text]
  • 8 Chemistry Title of Case Study
    Impact case study (REF3b) Institution: Imperial College London Unit of Assessment: 8 Chemistry Title of case study: C6 - Nanoco: a successful quantum dot nanotechnology company 1. Summary of the impact (indicative maximum 100 words) The research on the use of single source precursors in quantum dot synthesis undertaken by Professor Paul O’Brien in the Department of Chemistry at Imperial College between 1994 and 1999 resulted in papers and a patent which led to the formation of Nanoco Group PLC, currently a world-leader in the supply of quantum dots (QDs). Quantum dots have applications in backlighting for LCD displays, LED general lighting and thin film solar cells. Nanoco was listed on AIM on the London Stock Exchange in 2009 and by January 2013 Nanoco employed 78 people, had annual revenue of £3 million, and had signed agreements with several major companies in the US and Japan including Dow Chemical, Osram and Tokyo Electron. 2. Underpinning research (indicative maximum 500 words) The underpinning research on single source precursors, the key technology on which the company Nanoco Group PLC was based, was developed at Imperial College London by Professor Paul O’Brien during the period 1994 -1999. Specifically, Tito Trindade carried out the key seminal work on the use of group 2 and group 4 metal diselenocarbamates and dithiocarbamates as precursors for the organometallic synthesis of quantum dots [1,2]. Prior to this work, the only published and available precursor system for the preparation of high quality semiconductor nanoparticles were metal alkyls, silylated chalcogens and phosphorus-chalcogen compounds. This limited the synthesis of quantum dots to expert organometallic chemistry laboratories, and the yield of the reactions using these precursors was often extremely low.
    [Show full text]
  • The Study of Coupling in Ingaas Quantum Rings Grown by Droplet Epitaxy
    The Study of Coupling in InGaAs Quantum Rings Grown by Droplet Epitaxy A thesis presented to the faculty of the College of Arts and Sciences of Ohio University In partial fulfillment of the requirements for the degree Master of Science Samar M. Alsolamy May 2013 © 2013 Samar M. Alsolamy. All Rights Reserved. 2 This thesis titled The Study of Coupling in InGaAs Quantum Rings Grown by Droplet Epitaxy by SAMAR M. ALSOLAMY has been approved for the Department of Physics and Astronomy and the College of Arts and Sciences by Eric A. Stinaff Associate Professor of Physics and Astronomy Robert Frank Dean, College of Arts and Sciences 3 ABSTRACT ALSOLAMY, SAMAR, M., M.S., May 2013, Physics and Astronomy The Study of Coupling in InGaAs Quantum Rings Grown by Droplet Epitaxy Director ofThesis: Eric A. Stinaff The use of metal droplet epitaxy may provide a novel method of growing laterally coupled nanostructures. We will present optical studies of InAs/GaAs nanostructures which result in twin quantum dots (QD) formed on a single quantum ring (QR). Previous studies have investigated the coupling between vertically grown quantum dot pairs. In this thesis, we have used photoluminescence (PL) and photoluminescence excitation (PLE) to examine the possibility of energy transfer and coupling between quantum dot pairs in a single InGaAs quantum ring grown by droplet epitaxy. Power dependent photoluminescence spectra reveal a few peaks at low power, which are identified with emission from the ground state of the individual dots. As the power is increased we observe multi-exciton and excited state emission. We then perform PLE, tuning the excitation laser energy continuously from the high energy ring emission down to the individual dot states.
    [Show full text]
  • Recent Developments in Applications of Quantum-Dot Based Light
    DOI: 10.5772/intechopen.69177 Provisional chapter Chapter 2 Recent Developments in Applications of Quantum-Dot RecentBased Light-Emitting Developments Diodes in Applications of Quantum-Dot Based Light-Emitting Diodes Anca Armăşelu Anca Armăşelu Additional information is available at the end of the chapter Additional information is available at the end of the chapter http://dx.doi.org/10.5772/intechopen.69177 Abstract Quantum dot-based light-emitting diodes (QD-LEDs) represent a form of light-­emitting technology and are regarded like a next generation of display technology after the organic light-emitting diodes (OLEDs) display. QD-LEDs are different from liquid ­crystal displays (LCDs), OLEDs, and plasma displays due to the fact that QD-LEDs ­present an ideal blend of high brightness, efficiency with long lifetime, flexibility, and low-­processing cost of organic LEDs. So, QD-LEDs show theoretical performance ­limits which surpass all other display technologies. The goal of this chapter is, firstly, to ­provide a historical prospective study of QD-LEDs applications in display and lighting ­technologies, secondly, to present the most recent improvements in this field, and finally, to discuss about some current directions in QD-LEDs research that concentrate on the realization of the next-generation displays and high-quality lighting with superior color gamut, higher efficiency, and high color rendering index. Keywords: quantum dots, quantum dot-based light-emitting diodes, display technology, lighting technology 1. Introduction Quantum dots (QDs) have attracted interest in the fields of optical applications such as quan- tum computing, biological, and chemical applications. In contradistinction to the traditional fluorophores, QDs have unique optical and electronic features, which comprise high quantum yields, high molar extinction coefficients, large effec- tive Stokes shifts [1, 2], broad excitation profiles, narrow/symmetric emission spectra, high resistance to reactive oxygen-mediated photobleaching [2, 3], and are against metabolic deg- radation [4, 5].
    [Show full text]
  • Investor Presentation
    SSL Investor Forum st October 21 , 2014 Nanoco Confidential 1 DISCLAIMER The information contained in this presentation has been provided by the Company and has not been independently verified. Except in the case of fraudulent misrepresentation, no responsibility, liability or obligation is accepted by the Company or any of its officers, employees or agents in relation to the accuracy or sufficiency of this information and any such liability is expressly disclaimed. No representations or warranties, express or implied, are given as to the accuracy or completeness of any information contained in this presentation, any other written or oral information provided in connection with this presentation or any data which such information generates. The Company does not undertake to, and is under no obligation to, provide any additional information or to remedy any omissions in or from this presentation. This presentation does not constitute an offer or invitation by the Company or its financial advisers or any of their officers, employees or agents for the sale or purchase of securities or of any assets, business or undertaking, nor any form of commitment or recommendation by the Company or its financial advisers or any of their officers, employees or agents. Distribution of this presentation in or from certain jurisdictions may be restricted or prohibited by law and neither the Company nor its financial advisers accept liability to any person who does not comply with such restrictions or prohibitions. 2 NANOCO OVERVIEW 3 NANOCO OVERVIEW • A world leader in the development, manufacture and supply of heavy metal-free quantum dots and other semiconductor nanoparticles • Founded in 2001 out of University of Manchester, UK.
    [Show full text]
  • Recent Advances on Quantum-Dot-Enhanced Liquid-Crystal Displays Haiwei Chen, Juan He, and Shin-Tson Wu, Fellow, IEEE
    IEEE JOURNAL OF SELECTED TOPICS IN QUANTUM ELECTRONICS, VOL. 23, NO. 5, SEPTEMBER/OCTOBER 2017 1900611 Recent Advances on Quantum-Dot-Enhanced Liquid-Crystal Displays Haiwei Chen, Juan He, and Shin-Tson Wu, Fellow, IEEE (Invited Paper) Abstract—We review recent advances in quantum dot (QD)- en- high efficiency, and low cost [17]–[20]. However, the narrowest hanced liquid crystal displays (LCDs), including material formu- full width at half maximum (FWHM) of the green phosphor lation, device configuration, and system integration. For the LCD (β-sialon:Eu2+ ) is still as broad as 55 nm [20]–[22]. While system, we first compare the color gamut difference between the 4+ commonly used Gaussian fitting method and that using real emis- for red phosphor (K2 SiF6:Mn ) with five emission peaks, its sion spectra. Next, we investigate the Helmholtz–Kohlrausch effect. individual FWHM is indeed quite narrow, but the average peak Our simulation results indicate that QD-enhanced LCD appears wavelength centers at ∼625 nm, which is not deep enough 1.26X more efficient than organic light-emitting diode (OLED) dis- [23]–[25]. As a result, the RGB lights still show a relatively large play due to its wider color gamut. Finally, two new trends for QD- overlap after passing through the color filters. These crosstalks LCDs are discussed: 1) replacing conventional color filters with a QD array, and 2) emerging quantum rod (QR)-enhanced backlight. greatly reduce the color gamut. Their inherent advantages, technical challenges, and potential so- Recently, quantum dot (QD)-enhanced backlight is emerging lutions are presented. We believe the prime time for QD-enhanced and it has found widespread applications because of following LCDs is around the corner.
    [Show full text]
  • Response to Rohs Exemption Application N 2013-2
    Response to RoHS Exemption Application No 2013-2 Nanoco is a well-established UK-based developer and manufacturer of CFQD™ cadmium-free quantum dots, free of cadmium and other toxic heavy metals, which can be used in many applications including display screens, lighting, solar cells and biological imaging. Dow Electronic Materials, a division of The Dow Chemical Company, is a well-known supplier of specialty chemical products and applications into the electrical and electronic manufacturing industry for over 50 years. In January 2013, Dow Electronic Materials entered into a global licensing agreement with Nanoco to manufacture, market and sell CFQD™ cadmium-free quantum dots. Small-scale manufacture is currently undertaken in the UK and larger scale manufacture is scheduled to be online by mid-2014. A pilot launch of the first TVs using CFQD™ cadmium-free quantum dots is planned for the first half of 2014, with full commercial production expected within the following 12 months. We would like to jointly submit the following response to the public consultation on this exemption application. Prior to responding in detail to the issued list of questions, we include a summary of our understanding of the application’s key issues. We also include an overview of the application of quantum dot technology into both displays and solid-state lighting devices. 1. Exemption Justification: Key Issues i. There is no viable cadmium-free quantum dot alternative available or likely for at least 5 years We shall show that Nanoco’s CFQD™ cadmium-free quantum dots are both available and viable. Their optical emission performance currently meets the requirements for commercial LCD screens, in terms of enhanced screen colour range and lifetime (at least 30,000 hours).
    [Show full text]
  • Interim Results Presentation for the Six Months Ended 31 January 2020 DISCLAIMER
    Interim results presentation For the six months ended 31 January 2020 DISCLAIMER The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (“relevant persons”). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in Nanoco Group PLC or any of its subsidiaries (“Nanoco”). It should be noted that past performance cannot be relied on as a guide to future performance. This presentation contains forward-looking statements with respect to Nanoco’s plans and objectives regarding its financial conditions, results of operations and businesses. The financial information referenced in this presentation does not contain sufficient detail to allow a full understanding of Nanoco’s results. For more detailed information, the entire text of the Interim Results announcement for the half year ended 31 January 2020, can be found on the Investor Relations section of the Nanoco website (www.nanocogroup.com). 2 SUMMARY Operational Runcorn facility All milestones Lawsuit filed increasing New IRQD POs completed for against capacity and received US Customer reducing cost Samsung Financial Period end Revenue in line monthly cash with Loss reduced by Cash runway burn £0.7m, expectations ~50%* to £1.1m extended to Q2 now cut £2.9m (FY19: £2.5m*) 2021 (FY19: £3.1m) further to ~£0.4m *FY19 not adjusted for IFRS16 2020 Interim Results 3 PRIORITIES 1 Preserve cash Suspended all longer term development efforts Reduced monthly cost base to c.
    [Show full text]
  • From Strength to Strength. Interim Report for the Six Months Ended 31 January 2013 Contents
    From strength to strength. Interim Report For the six months ended 31 January 2013 Contents Review 01 Highlights 02 Chairman’s and Chief Executive Officer’s Joint Review Financial Statements 05 Consolidated Statement of Comprehensive Income 06 Consolidated Statement of Changes in Equity 07 Statement of Financial Position 08 Cash Flow Statement 09 Notes to the Interim Financial Report IBC Investor Information Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium- free quantum dots, is pleased to announce its interim results for the six months ended 31 January 2013. Highlights Licensing agreement Development Cash balances signed with Dow agreement with of £12.5 million Tokyo Electron Worldwide licensing Cash, cash equivalents and agreement signed with Follow-on agreement signed deposits as at 31 January The Dow Chemical Company with Tokyo Electron for the 2013 of £12.5 million (“Dow”) for exclusive rights next phase of development (31 July 2012: £15.5 million). to manufacture and market of a nanomaterial-based Nanoco cadmium-free solar film. quantum dots for the display industry. Further investment in production scale-up Follow-on agreement with Osram Production scale-up continued with plans to Follow-on joint development double Semi-Tech capacity agreement signed with Osram at Runcorn and Dow to to finalise the design of an build plant in Asia. LED using Nanoco cadmium- free quantum dots in lighting. Nanoco Group PLC | For the six months ended 31 January 2013 01 Chairman’s and Chief Executive Officer’s Joint Review Our worldwide licensing agreement with The Dow Chemical Company is transformational for Nanoco.
    [Show full text]