REG - Nanoco Group PLC - ISS recommendation to support Nanoco’s Board

NanocoAnnouncement

02/08/2023 07:00

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RNS Number : 9828H  Nanoco Group PLC  02 August 2023

For Immediate
Release
2 August 2023

 

NANOCO GROUP PLC

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

 

ISS recommendation to support Nanoco's Board

 

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, notes the voting recommendations
recently published by Institutional Shareholder Services ("ISS") in relation
to the Group's forthcoming General Meeting to be held on 14 August 2023:

·    to vote AGAINST all the resolutions to remove the current Board of
Nanoco

·    to vote AGAINST the proposed appointment of the following director
nominees:

o  Tariq Hamoodi

o  Greg Moeller

o  Dooyong Lee

o  Benjamin Barnett

o  Ikchoon Tim Kang

Non-Executive Director recruitment process

As previously stated in the Group's 2022 Annual Report & Accounts (page
53), and in the Circular published in relation to the General Meeting, the
Board has indicated that it would add additional skills and experience at an
appropriate time to match the Company's phase of development and available
funding. The Board has already started the search for an additional
independent non-executive director with strong sector relevant commercial
experience, to support the Board as we ramp up production.  The Nomination
Committee of the Board is interested in meeting with strong candidates with
the requisite skillset. If Mr Eric Achtmann, who ISS have recommended as the
only nominee with the closest background to the business and technical
experience required to be considered an appropriate non-executive director
candidate, wishes to participate in this process, we would consider his
application in the usual way.

 

- Ends -

For further information, please contact:

Nanoco Group PLC:

Brian Tenner,
CEO
+44 (0) 1928 761 422

Liam Gray, CFO & Company
Secretary

 

Peel Hunt (Joint Corporate Broker):

Paul
Gillam
+44 (0) 20 7418 8900

Richard Chambers

James Smith

 

Turner Pope Investments (Joint Corporate Broker):

Andrew
Thacker
+44 (0) 20 3657 0050

James Pope

 

MHP
Communications:

Reg
Hoare
+44 (0) 20 3128 8793

nanoco@mhpgroup.com

 

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 their 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.

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