22 Dec 2016 15:55
For immediate release 22 December 2016
NANOCO GROUP PLC
("Nanoco" or the "Company" or "Group")
Director/PDMR Shareholding
The Company received notification today that, on 21 December 2016, Dr Michael Edelman, Nanoco's Chief Executive Officer, sold 380,000 ordinary shares and transferred 120,000 ordinary shares of £0.10 each in the Company ("Ordinary Shares") to meet charitable and other financial commitments before the end of the US tax year on 31 December 2016. The average sale price was 40.75 pence per share.
Following this transaction, Michael Edelman has a beneficial interest in 4,931,615 Ordinary Shares, representing approximately 2.07% per cent. of the total voting rights in the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | Michael Edelman
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2 | Reason for the notification
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a) | Position/status
| CEO | ||||||||
b) | Initial notification/Amendment
| Initial notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name
| Nanoco Group plc | ||||||||
b) | LEI | 213800HOSJEZO1KOCV33
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a) | Description of the financial instrument, type of instrument
| Ordinary Shares of £0.10 each | ||||||||
| Identification code |
ISIN GB00B01JLR99
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b) | Nature of the transaction | Sale and transfer of Ordinary Shares
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c) | Price(s) and volume(s)
| Sale:
Transfer: Volume(s) 120,000 Ordinary Shares Price(s) 44.5p transfer price (no cash received for charitable donation)
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d) | Aggregated information
| Sale; Volume 380,000 Ordinary Shares Average Price 40.75 pence
Transfer: Volume 120,000 Ordinary Shares Price 44.5p transfer price (no cash received for charitable donation)
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e) | Date of transaction | 21 December 2016
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f) | Place of transaction | London Stock Exchange (XLON)
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For further information, please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer |
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David Blain, Chief Financial Officer |
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Caroline Watson, Investor Relations Manager | Tel: + 44 (0) 7799 897357 |
cwatson@nanocotechnologies.com |
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Buchanan |
Tel: +44 (0) 20 7466 5000 |
Mark Court / Sophie Cowles / Stephanie Watson |
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Nanoco (NANO)