Appointment of CFO

RNS Number : 8109Q

Nanoco Group PLC

10 August 2010

 



For immediate release

10 August 2010

NANOCO GROUP PLC

("Nanoco" or "the Company")

Appointment of Chief Financial Officer and Grant of Options

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of quantum dots and other nanomaterials, announces the appointment of Colin Meadows White as the Company's Chief Financial Officer. Colin, a highly experienced financial executive, will also join the Company's Board.

Colin, age 48, is a chartered accountant with international experience of publicly quoted companies in the manufacturing, technology and professional services sectors.

He was most recently the group finance director of Driver Group plc, having been appointed in 2007. He has also held senior positions at Scapa Group plc and TI Group plc. Colin was at TI Group plc, prior to its acquisition by Smiths Group plc, for almost 10 years. During this time he held positions including finance director of the Dowty Aerospace Division, finance controller of Dowty North America and group investor relations manager.

Colin begins the full-time role of Chief Financial Officer at Nanoco with immediate effect. Michael Bretherton, Nanoco's outgoing part-time Chief Financial Officer, will remain on Nanoco's Board as a non-executive director.

Peter Rowley, Nanoco's Chairman, said: "I am delighted to welcome Colin White to Nanoco as Chief Financial Officer. His breadth of financial experience, including his track record in technology, manufacturing and investor relations, will be of great value to the future development of the Company.

"I would like to acknowledge Michael Bretherton's major contribution to the Company as part-time Chief Financial Officer and look forward to his on-going counsel on Nanoco's Board."

Colin White has held directorships or partnerships in the five years preceding his appointment at Nanoco as follows:

Current	Previous
None	Driver Group plc Driver Project Services Limited Driver Consult Limited North Gate Executive Search Limited Lindsay and Williams Limited Porritts and Spencer Limited Scapa Group plc Scapa Denver (North) Limited Scapa Denver (South) Limited

There are no other matters to be disclosed in relation to Schedule 2 paragraph (g) and (i) of the AIM Rules.

In addition, Nanoco also announces that it has granted Colin White, Chief Financial Officer, 450,000 share options ("Options") over ordinary shares. The shares were granted on 9 August 2010 based on the previous 5 working days average closing price and are exerciseable after a period of three years.

For further information please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Bank of America Merrill Lynch - Corporate Broker	Tel: + 44 (0) 20 7996 2490
Will Smith
Zeus Capital	Tel: [phone]
Alex Clarkson
Nick Cowles
Buchanan Communications	Tel: [phone]
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.

 

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