Published: May 27, 2026 at 8:23 am
Manchester spinout company Nanoco is looking to delist from the main market of the London Stock Exchange after failing to find a buyer.
Nanoco Group plc, headquartered in Runcorn, develops and manufactures cadmium-free quantum dots and other nanomaterials. These are used in monitors, TVs and infra-red sensors.
In 2024 it began cutting jobs in an attempt to preserve cash as it explored a sale via financial advisor CDX Advisors. However in January this year it said it had terminated that process and it said this morning it would seek shareholder approval to delist.
Last year Nanoco – which currently has around 40 staff and a cash balance of £10.1 million – settled a legal case with South Korean multinational electronics corporation LG Technologies over alleged patent infringements. However it ended legal action against Shoei Chemical Inc. and Shoei Electronic Materials, Inc with no payments made.
In 2023 it won $150m in a legal dispute with Samsung, settling on a no fault basis for the alleged infringement of the group’s intellectual property.