Amendment to Executive Director Service Terms

RNS Number : 3893T

Nanoco Group PLC

24 March 2021

 

24 March 2021

NANOCO GROUP PLC

(" Nanoco ", the "Group" or the "Company" )

AMENDMENT TO EXECUTIVE DIRECTOR SERVICE TERMS

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, has today rescinded the notice served on Dr Nigel Pickett (CTO) that his employment would come to an end on 29 March 2021, as communicated in the RNS dated 30 March 2020.

The Company has now agreed a new employment contract with Dr Pickett, which comes into effect immediately.  The contract is materially the same as the previous agreement, except that the contractual notice period has been reduced from 12 months to 6 months.

Dr Christopher Richards, Nanoco's Chairman, commented:

"Nigel is a critical member of the Executive team and of the Board.  His leadership of Nanoco's technology R&D is critical to our ongoing development activities, as well as to our litigation with Samsung.  We appreciate Nigel's support and patience during the recent months of uncertainty."

For further information, please contact:

Nanoco Group PLC :

Brian Tenner, CEO  [phone]

Liam Gray, Company Secretary [phone]

Caroline Watson, Investor Relations Manager                                                        [phone]

[e-mail]

MHP Communications :                                                                                       [phone]

Reg Hoare

Giles Robinson

Pete Lambie

[e-mail]

= END =

 

END

 

 

MSCUSOVRASUOUAR