Nanoco Group PLC Response to Shareholder Letter (3471U)
March 27 2023 - 07:19AM
UK Regulatory
TIDMNANO
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(TM) 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(R)
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 .
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END
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March 27, 2023 08:19 ET (12:19 GMT)
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