Last checked at 7 May 2015 07:00
For immediate release | 7 May 2015 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
Appointment of Chief Financial Officer
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, is pleased to announce the appointment of David Blain as Chief Financial Officer.
David, who will join Nanoco and the Company's Board on 3 August 2015, is a chartered accountant with considerable operational, commercial and strategic experience gained at a number of businesses quoted on the London Stock Exchange. He is joining Nanoco from the role of Chief Financial Officer at Inspired Capital plc, an AIM traded finance provider.
After qualifying as a chartered accountant David joined the Newcastle office of Price Waterhouse (now PwC), where he worked for nine years in audit and business advisory services. He then spent 11 years as the Finance Director of Drew Scientific Group plc, a medical diagnostics company on the main market. His next role was at the AIM traded IT business, eg Solutions plc, after which he became Chief Financial Officer of Renovo Group plc, the Manchester-based biotechnology company that later became Inspired Capital plc.
Michael Edelman, Nanoco's Chief Executive Officer, commented: "We are delighted that David Blain is joining the Nanoco management team as Chief Financial Officer at this exciting stage in the Company's development. David has a wealth of financial and commercial experience and we look forward to his contribution to the future growth of Nanoco.
"I would also like to thank Mark Sullivan, who has provided outsourced accountancy services to Nanoco for many years, for his role since October last year as Interim Chief Financial Officer."
There are no further disclosures required under paragraph 9.6.13 of the UKLA's Listing Rules.
For further information, please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Mark Sullivan, Interim Chief Financial Officer | |
Canaccord Genuity - Joint Broker | Tel: +44 (0) 20 7523 8000 |
Simon Bridges | |
Cameron Duncan Mark Whitmore | |
Liberum - Joint Broker | Tel: +44 (0) 20 3100 2000 |
Simon Atkinson | |
Richard Bootle | |
Buchanan | Tel: +44 (0) 20 7466 5000 |
Mark Court / Sophie Cowles / Stephanie Watson |
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.
Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.
Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.