Nanoco Group plc (LSE:NANO) commences share repurchases on December 7, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 7, 2023. As per the mandate, the company is authorized to repurchase up to 32,441,872 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.1 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System.

The shares purchased may either be cancelled, sold or transferred out of treasury. The authority shall expire , if earlier, 15 months from the date of the passing of the Resolution or at the conclusion of the next Annual General Meeting of the company. As of November 10, 2023, the company had 324,418,728 ordinary shares in issue (excluding treasury) and 12,222 ordinary shares in treasury.