REG - Nanoco Group PLC - Change of Auditor

NanocoAnnouncement

29/06/2022 07:00

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RNS Number : 5330Q  Nanoco Group PLC  29 June 2022

29 June 2022

NANOCO GROUP PLC

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

 

Change of Auditor

 

Following a formal tender process, Nanoco is pleased to announce the
appointment of Mazars LLP ('Mazars') as its new auditor with immediate effect
and to include the current financial year ending 31 July 2022.

PwC LLP ('PwC') have now resigned as auditor of the Company and its
subsidiaries following the completion of the 31 July 2021 audit.

In accordance with section 519 of the Companies Act 2006, PwC has deposited a
statement with the Company detailing the circumstances connected with them
ceasing to hold office as auditor of the Company (the "Statement"). The
Statement confirms that PwC resigned following the Company's decision to
appoint auditors at a lower fee than PwC were proposing to charge for the
statutory audit for the year ending 31 July 2022.

The appointment of Mazars as auditor for the current financial year has been
made by the Directors to fill the vacancy arising on the resignation of PwC.
This appointment will be subject to approval by shareholders at the next
Annual General Meeting of the Company to be held in 2022.

 

For further information, please contact:

Nanoco Group PLC:

Liam Gray
 
Telephone : +44 (0) 161 603 7900

CFO & Company Secretary

Notes for editors:

 

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are
materials with dimensions typically in the range 1 - 100 nm. Nano-materials
have a range of useful properties, including optical and electronic. Quantum
dots are a subclass of nano-material that have size-dependent optical and
electronic properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group exploits
different characteristics of the quantum dots to target different performance
criteria that are attractive to specific markets or end-user applications such
as the Display, Sensor and Electronics markets. An interesting property of
quantum dots is size-tunable absorption spectrum. Nanoco's HEATWAVE™ quantum
dots can be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications including image
sensors. Another interesting property of quantum dots is photoluminescence:
the emission of longer wavelength light upon excitation by light of a shorter
wavelength. The colour of light emitted depends on the particle size. Nanoco's
CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can
be tuned to emit light at different wavelengths across the visible and
infrared spectrum, rendering them useful for a wide range of applications
including displays, lighting and biological imaging.

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US
subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a
world-class, patent-protected IP portfolio generated both by its own
innovation engine, as well as through acquisition.

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.nanocotechnologies.com (http://www.nanocotechnologies.com) .

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