India, May 27 -- Nanoco Group PLC (NANO.L), a nanotechnology company based in the UK, on Wednesday announced that it intends to delist from the main market of London Stock Exchange to reduce operating costs and allow for greater resource, before re-registering as a private limited company following cancellation.
On the LSE, the stock was trading 54.68 percent lower at 3.10 pence.
The Board has decided to seek Shareholder approval for the proposed cancellation of the Ordinary Shares at a general meeting to be held on June 19.
If the cancellation resolution is passed, the last day of trading is expected to be July 17, and the day for cancellation will be on July 20.
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