TIDMNANO

RNS Number : 5341Y

Nanoco Group PLC

18 May 2016

 
 For immediate release   18 May 2016

NANOCO GROUP PLC

("Nanoco" or the "Company")

Board Changes

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that its Chairman, Tony Clinch, has resigned as a director after six years on the Company's Board, a period during which he has led the Company through key corporate milestones including the move from AIM to the Official List and from an exclusive to a non-exclusive commercialisation strategy in the display market.

Tony joined Nanoco's Board as a Non-Executive Director in March 2010 and was appointed Chairman in April 2013.

Chris Richards, who joined Nanoco's Board as a Non-Executive Director in November 2015, has been appointed Chairman.

The above Board changes are taking place with immediate effect.

Michael Edelman, Nanoco's Chief Executive Officer, said: "On behalf of the Board, I would like to express sincere thanks to Tony Clinch for the major contribution he has made to Nanoco's development in the past six years, most recently as Chairman. In this role, he has provided wise counsel on the commercial transition of the Company in the display market, opening up new commercial opportunities through a non-exclusive licensing strategy. We thank Tony for his dedication to Nanoco and wish him well in his future endeavours.

"I would also like to welcome Chris Richards, a Non-Executive Director for the past six months, to the role of Chairman. I'm confident that he will build on the platform that Tony has created, and guide us in the exploitation of Nanoco's world-leading technology through multiple channels in the display market and in our other target markets."

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 nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has a non-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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May 18, 2016 02:01 ET (06:01 GMT)

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