George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
1 September 2020
Nanoco Group PLC
( " Nanoco, the " Group", or the " Company")
Directorate Changes
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, today announces changes to its Executive team and Board.
The Company has announced a number of significant achievements in recent months, including the launch and funding of the Company ' s litigation against Samsung, good commercial progress and a successful over-subscribed GBP3.4m fund raising. The Board changes announced today create the right team to lead the Company in its new form, considering both the scale and commercial focus of the business and its governance requirements.
Dr Michael Edelman, currently the Group ' s Chief Executive Officer (CEO), will step down from the Board with effect from 1 September 2020. He will remain available to the Company as a S pecial A dvis or, reporting to the Group ' s new Litigation Sub-committee, which will be chaired by Nanoco ' s Non-Executive Chairman, Dr Christopher Richards.
Brian Tenner, currently Chief Operating Officer and Chief Financial Officer of the Group, will become CEO with effect from 1 September 2020. Brian joined the Group in August 2018 and has had a significant impact on the Group ' s performance in his time with Nanoco, particularly in sharpening its commercial focus, providing people leadership in the UK and improving cost control. Brian will be supported by Nanoco's highly capable leadership team. Liam Gray, currently Group Financial Controller, will take on additional finance activities as UK Finance Director and Company Secretary (a non-Board position) to allow Brian to focus on his CEO role and ongoing operational responsibilities.
At the same time, the Company confirms that all Board salaries will remain at reduced levels until 31 March 2021. Salaries were reduced by 35% for Non-Executive Directors and by 20% for Executive Directors with effect from 1 April 2020 as part of the Group's response to the Covid-19 pandemic.
Dr Christopher Richards, Nanoco's Non-Executive Chairman, commented:
"Nanoco has had an exceptionally busy year, culminating in substantial progress in recent months in respect of our litigation against Samsung and momentum in our commercial and financing activity which has significantly extended the Group ' s cash runway until the end of 2022.
" This is to the credit of the executive team, led by Michael, Brian and Nigel Pickett our Chief Technology Officer. Having achieved these milestones, it is important that we now implement our existing CEO succession plan to match the size and shape of the Board to the more focused group Nanoco is becoming. I am confident that, as CEO, Brian will provide the right leadership for this next phase in the Company's development.
" I am immensely grateful for Michael ' s significant contribution during his many years at Nanoc
Jack it is an article about the £200 k not turning up from SpotOn published days before the money actually turned up, I think this poster might not be on the level.
Hi amerloque, I did not think you had demeaned the South Koreans, your posts are always balanced and fair imo.
We sing from the same hymn sheet as far as that total failure edelman is concerned and it comes to something when the only light at the end of a very dark tunnel for this dysfunctional business is the possibility of winning a patent infringement action.
amerloque, as you are probably aware the south korean system of business is based on chaebol, for those who are not familiar with the s.korean way of doing business give this a read, i'm sure the sharp and steely m e was fully aware of what he was getting involved with.lol!
https://www.sjsu.edu/faculty/watkins/chaebol.htm
https://www.youtube.com/watch?v=r_bKNo0WtVM&feature=emb_logo
https://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P00007OS7&LanguageId=en-GB&SecurityToken=0P00007OS7]3]0]E0WWE$$ALL
just click on max .
share peice got to £8. 08 in may 2008
absolutely agree phoebus. shows the character of the individual that he has not already given up his unjustifiable salary.
survey vessel next week not the rig
What it said was
"the Board do not envisage giving any further
extensions to the backstop date."
ah that would be toynbee with her villa in tuscany which she jets off to imbetween telling the great unwashed how to behave, I just hit the mute button whenever she opens her gob.
Its ok its just Oddo BHF Asset Management SAS declaring the disposal of its entire holding and Loam also reducing, nothing to worry about, im sure the Directors will hoover them up and Apple will be putting an offer in for Nanoco anytime now.
Nanoco rents space on a business park in runcorn along with a 126 others such as a used commercial vehicle company (family run) and the Mersey Weaver District Scout Council.The grand looking facade you see on the company website in grafton street manchester is a Manchester university building in which Nanoco rents spaceThe office in u.s. is handy for tw*to's home address and is in an old renovated mill http://bradfordmill.com/. When asked in a recent q+ a what the value of the patent portfollio was the terse reply was whatever the sp is.
I see the ubiquitous leader of KDX has had his collar felt, ah if only.....
http://www.kangdexin.com/company/news_show/id/477.html
smith says "I think it was around 1985" she cant even remember the year, I would have thought her personality would have acted as the ultimate contraceptive.
The Climate Emergency Measures Bill proposed by People Before Profit aims to stop the Irish government issuing new licences for offshore drilling for oil and gas – a move CEO of Providence Resources says is shortsighted, given that currently oil and gas provides 77% of Ireland’s energy
https://www.youtube.com/watch?time_continue=28&v=35n1_WH1s3Q