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Nanoco shares plunge 41% as it plans to delist from London Stock Exchange to cut costs.

Market News
27 May 2026
Proactive Investors
View Source
Bearish
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Nanoco Group PLC announced plans to delist from the London Stock Exchange, causing its shares to drop 41% to 4.04p. The move aims to save around £700,000 annually in listing fees, extending the company's cash runway as it focuses on commercializing its nanomaterials technology. The delisting requires shareholder approval at a June 19 meeting, with trading expected to end by July 17. Despite no financial distress, Nanoco believes operating privately will better support strategic goals and potential future sale without public disclosure burdens.

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