Tip update: Nanoco finalises cash return details

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Cadmium-free quantum dots developer Nanoco (LON: NANO) has announced the detailed plans for the return of cash to shareholders. The amount returned will be £30m with a further £3m being used for share buy backs.

That is at the bottom of the suggested range of between £33m and £40m. This follows consultation with some of the larger shareholders. It makes sense not to return too much cash and then pay a broker a commission to raise more in the future.

The £30m will be returned via a tender ...

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