TIDMNANO

RNS Number : 1956K

Nanoco Group PLC

24 December 2015

 
 For immediate release   24 December 2015

NANOCO GROUP PLC

("Nanoco" or the "Company")

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

On 23 December 2015 Nanoco Group plc ("Nanoco") granted nil-cost options over ordinary shares in the Company under the Nanoco Group 2015 Long Term Incentive Plan (the "LTIP") to the directors as noted below.

The vesting of the options is subject to the achievement of performance conditions based upon share price growth and revenue targets over the three year performance period commencing with Nanoco's 2015/2016 financial year. Ordinarily, the options will vest (subject to the achievement of the performance conditions) following the announcement of Nanoco's results for its 2017/2018 financial year and be released to the participants following the end of a two year holding period.

 
 Name of Director    Number of Shares 
                      subject to 
                      Option 
 Michael Edelman     443,548 
 Nigel Pickett       284,193 
 Keith Wiggins       317,627 
 David Blain         350,000

This notification is made pursuant to Disclosure and Transparency Rule 3.1.4.

For further information, please contact:

 
 Nanoco                              Tel: +44 (0) 161 603 7900 
 Michael Edelman, Chief 
  Executive Officer 
 David Blain, Chief Financial 
  Officer                            Tel: + 44 (0) 7799 897357 
  Caroline Watson, Investor 
  Relations Manager 
  cwatson@nanocotechnologies.com 
 
 Canaccord Genuity - Joint           Tel: +44 (0) 20 7523 8000 
  Broker 
 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 nano-materials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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