15 Nov 2011 14:49
For immediate release | 15 November 2011 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Kisco Holds Notifiable Interest in Nanoco
Nanoco Group plc(AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, is pleased to announce that it has been informed today that Japan-based Kisco Ltd, the Company's Asian distribution partner, through its subsidiary Kisco (T) Ltd, acquired a further 150,000 ordinary shares in the Company on 7 November 2011 and now holds a notifiable interest in the Company's share capital.
Following this purchase, Kisco Ltd, a leading Asian electronics materials company, holds 6,176,615 ordinary shares in Nanoco, equivalent to 3.0% of the Company's total voting rights.
Nanoco entered a five-year exclusive distribution agreement with Kisco Ltd in May 2008. The agreement covers Asia, excluding China.
Michael Edelman, Nanoco's Chief Executive Officer, said: "I am delighted that Kisco Ltd has acquired further shares in Nanoco, reflecting the strength of our working relationship. Our distribution agreement with Kisco Ltd, a major electronics materials trading and manufacturing company in Asia, has been of great value in getting our quantum dots to Asian customers."
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)