Nanoco Group plc (GB:NANO) has released an update.
Nanoco Group PLC faces a potential shake-up as the Milkwood Fund, holding 5.6% of voting rights, seeks a general meeting to propose board appointments, aiming to transform the company into an investment vehicle. Nanoco’s board highlights recent strategic moves, including a new CEO appointment and cost rationalization, to bolster shareholder value. Investors are advised to await further announcements as the company evaluates the proposal.
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