Nanoco shares crash 41% as board seeks to delist from London Stock Exchange

Nanoco Group PLC (LSE:NANO), the Manchester-based nanomaterials technology company, saw its shares plunge 41% to 4.04p after announcing plans to cancel its listing on the main market of the London Stock Exchange and re-register as a private company. It said the move would save around £700,000 a year in listing costs, extending the company's cash runway as it pursues commercialisation of its technology.