Notification of Transactions by Directors/PDMRs
On 22 November 2016 Nanoco Group plc (“Nanoco”) granted nil-cost options over ordinary shares in the Company (“Shares”) under the Nanoco Group 2015 Long Term Incentive Plan (the “LTIP”) to the directors and other persons discharging managerial responsibilities (“PDMRs”) as noted below.
As set out in the Company’s Annual Report, 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 2016/2017 financial year. Ordinarily, the options will vest (subject to the achievement of the performance conditions) following the announcement of Nanoco’s results for its 2018/2019 financial year and will be released to the participants following the end of a two year holding period.
|Name of Director||Number of Shares subject to Option|
|Name of PDMR (not being a director)||Number of Shares subject to Option|
LTIPs were also granted to Nanoco employees who are neither directors nor PDMRs.
On 22 November 2016 Nanoco granted nil-cost options under the Nanoco 2015 Deferred Bonus Plan to the directors and PDMRs as noted below:
|Name of Director/PDMR||Number of Shares subject to Option|
Ordinarily, the options will vest following the announcement of Nanoco’s results for its 2017/2018 financial year.
For further information, please contact:
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer
Tel: +44 (0) 161 603 7900
Caroline Watson, Investor Relations Manager
Tel: + 44 (0) 7799 897357
Tel: +44 (0) 20 7418 8900
Mark Court / Sophie Cowles / Stephanie Watson
Tel: +44 (0) 20 7466 5000
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, Nanoco has a non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA and Taiwan’s Wah Hong Industrial Corporation. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.
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.