Director/PDMR Shareholding

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: [phone]
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer Caroline Watson, Investor Relations Manager [e-mail]	Tel: + 44 (0) 7799 897357
Canaccord Genuity - Joint Broker	Tel: [phone]
Simon Bridges Cameron Duncan
Mark Whitmore
Liberum - Joint Broker	Tel: [phone]
Neil Patel
Richard Bootle Steven Tredget
Buchanan	Tel: [phone]
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.

 

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