Nanoco Group plc (GB:NANO) has released an update.
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Nanoco Group PLC, a leader in cadmium-free quantum dots, has concluded a strategic review, leading to a commitment to return surplus cash to shareholders in FY25. The review was initiated after a shift in strategy from a European customer and highlights Nanoco’s commercial potential in various markets and its strong intellectual property position. The company has also appointed CDX Advisors to explore options, including a potential sale, aiming to maximize shareholder value and ensure the company’s long-term growth.
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