Last checked at 3 Nov 2010 07:00
For immediate release | 3 November 2010 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Directors' Dealings and Issue of Equity
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of quantum dots, solar inks and other nanomaterials, announces that on 2 November 2010 Michael Edelman, Chief Executive Officer, and Nigel Pickett, Chief Technical Director, both exercised 1,350,000 share options granted to them under the Company's share options scheme.
Application has been made for 2,700,000 Ordinary shares of 10 pence each in the capital of the Company ('Ordinary Shares') to be admitted to AIM. A further announcement will be made once these shares have been admitted. Following admission, the enlarged issued share capital of the Company will be 188,337,682 Ordinary Shares.
In addition, Michael Edelman, Chief Executive Officer, and Nigel Pickett, Chief Technical Director, notified the Company on 2 November 2010 that on the same day they both sold 1,350,000 Ordinary Shares at a price of 105.5 pence per Ordinary Share. Following the sale, Michael Edelman owns 9,272,940 Ordinary Shares, representing approximately 4.92 per cent of the enlarged share capital of the Company, and Nigel Pickett owns 10,451,931 Ordinary Shares, representing approximately 5.55 per cent of the enlarged share capital of the Company.
The two Directors do not intend to dispose of any further Ordinary Shares in the foreseeable future.
For further information please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Colin White, Chief Financial Officer | |
Bank of America Merrill Lynch - Corporate Broker | Tel: + 44 (0) 20 7996 2490 |
Will Smith | |
Zeus Capital - Nominated Adviser | Tel: +44 (0) 161 831 1512 |
Alex Clarkson | |
Nick Cowles | |
Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
Mark Court / Christian Goodbody |
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots for use in multiple applications including lighting, solar cells and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass. Nanoco forms strategic partnerships with major end users across a range of applications.
Nanoco was founded in 2001 and is based in Manchester, UK. Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO.
For further information, please visit www.nanocotechnologies.com.