REG - Nanoco Group PLC - Amendment to Executive Director Service Terms

NanocoAnnouncement

24/03/2021 15:40

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of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, has today rescinded the notice served on Dr Nigel Pickett (CTO) that his employment would come to an end on 29 March 2021, as communicated in the RNS dated 30 March 2020.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                                                                                               +44 (0) 161 603 7900
Liam Gray, Company Secretary                                                                            +44 (0) 161 603 7900
Caroline Watson, Investor Relations Manager                                                        +44 (0) 161 603 7900
cwatson@nanocotechnologies.com
 
MHP Communications:                                                                                        +44 (0) 203 128 8570
Reg Hoare
Giles Robinson
Pete Lambie
nanoco@mhpc.com
 
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