22 Nov 2011 07:00
For immediate release | 22 November 2011 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Director's Dealings and Issue of Equity
Nanoco Group plc(AIM: NANO) announces that, in order to cover a US tax liability, on 21 November 2011 Michael Edelman exercised 1,493,750 share options granted under the Company's share options scheme and sold them at a price of 50p per share. Following the sale, Michael Edelman owns 9,272,940 ordinary shares, representing 4.47 per cent of the enlarged issued share capital.
The Company was notified of the transaction on 21 November 2011. Accordingly, application has been made for 1,493,750 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") to be admitted to AIM. Following admission, the enlarged issued share capital of the Company will be 207,352,167 Ordinary Shares.
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 - Joint Broker | Tel: +44 (0) 20 7996 2490 |
Will Smith | |
Canaccord Genuity - Nomad and Joint Broker | Tel: +44 (0) 20 7050 6500 |
Simon Bridges | |
Cameron Duncan | |
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.
Nanoco (NANO)