REG - Nanoco Group PLC - Response to Shareholder Letter

NanocoAnnouncement

27/03/2023 13:30

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RNS Number : 3471U  Nanoco Group PLC  27 March 2023

27 March 2023

NANOCO GROUP PLC

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

 

Response to Shareholder Letter

 

Nanoco notes the contents of a letter sent to its Board, that had been
acknowledged by the Company, that has been made public today by a group of
shareholders led by Tariq Hamoodi ("Shareholder Group"). Nanoco's Board
emphatically rejects the Shareholder Group's speculative concerns about
certain actions and activities involving Nanoco. The Directors of Nanoco have
no intention of stepping down from the Board and are confident that the
Board's actions and statements over the period of the Samsung litigation were
in line with its corporate governance duties, obligations and standards.

 

- Ends -

For further information, please contact:

Nanoco Group PLC:

Dr Christopher Richards, Non-Executive Chairman

Brian Tenner, CEO
 
 +44(0)1928761404

Liam Gray, CFO & Company Secretary

 

Peel Hunt (Joint Corporate Broker):

Paul
Gillam
+44 (0) 20 7418 8900

James Smith

 

Turner Pope Investments (Joint Corporate Broker):

Andrew
Thacker
+44 (0) 20 3657 0050

James Pope

 

MHP:
+44 (0) 203 128 8570

Reg Hoare

Pete Lambie

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 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 Runcorn, 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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