Last checked at 18 May 2016 07:00
For immediate release | 18 May 2016 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
Board Changes
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that its Chairman, Tony Clinch, has resigned as a director after six years on the Company's Board, a period during which he has led the Company through key corporate milestones including the move from AIM to the Official List and from an exclusive to a non-exclusive commercialisation strategy in the display market.
Tony joined Nanoco's Board as a Non-Executive Director in March 2010 and was appointed Chairman in April 2013.
Chris Richards, who joined Nanoco's Board as a Non-Executive Director in November 2015, has been appointed Chairman.
The above Board changes are taking place with immediate effect.
Michael Edelman, Nanoco's Chief Executive Officer, said: "On behalf of the Board, I would like to express sincere thanks to Tony Clinch for the major contribution he has made to Nanoco's development in the past six years, most recently as Chairman. In this role, he has provided wise counsel on the commercial transition of the Company in the display market, opening up new commercial opportunities through a non-exclusive licensing strategy. We thank Tony for his dedication to Nanoco and wish him well in his future endeavours.
"I would also like to welcome Chris Richards, a Non-Executive Director for the past six months, to the role of Chairman. I'm confident that he will build on the platform that Tony has created, and guide us in the exploitation of Nanoco's world-leading technology through multiple channels in the display market and in our other target markets."
For further information, please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
David Blain, Chief Financial Officer Caroline Watson, Investor Relations Manager cwatson@nanocotechnologies.com |
Tel: + 44 (0) 7799 897357 |
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 |
Neil Patel | |
Richard Bootle Steven Tredget | |
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 a non-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.nanocogroup.com.