Director/PDMR Shareholding

RNS Number : 6520S

Nanoco Group PLC

22 December 2016

 

For immediate release                                                                                                                                               22 December 2016

NANOCO GROUP PLC

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

Director/PDMR Shareholding

The Company received notification today that, on 21 December 2016, Dr Michael Edelman, Nanoco's Chief Executive Officer, sold 380,000 ordinary shares and transferred 120,000 ordinary shares of £0.10 each in the Company ("Ordinary Shares") to meet charitable and other financial commitments before the end of the US tax year on 31 December 2016.  The average sale price was 40.75 pence per share.

Following this transaction, Michael Edelman has a beneficial interest in 4,931,615 Ordinary Shares, representing approximately 2.07% per cent. of the total voting rights in the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Edelman
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Nanoco Group plc
b)	LEI	213800HOSJEZO1KOCV33
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of £0.10 each
	Identification code	ISIN GB00B01JLR99
b)	Nature of the transaction	Sale and transfer of Ordinary Shares
c)	Price(s) and volume(s)	Sale: Volume Price, p 344,057 40.5p 31,166 43.0p 4,777 44.0p Transfer: Volume(s)     120,000 Ordinary Shares    Price(s)             44.5p transfer price (no cash received for charitable donation)
d)	Aggregated information	Sale; Volume     380,000 Ordinary Shares    Average Price          40.75 pence Transfer: Volume     120,000 Ordinary Shares    Price             44.5p transfer price (no cash received for charitable donation)
e)	Date of transaction	21 December 2016
f)	Place of transaction	London Stock Exchange (XLON)

For further information, please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer
Caroline Watson, Investor Relations Manager	Tel: + 44 (0) 7799 897357
[e-mail]
Buchanan	Tel: [phone]
Mark Court / Sophie Cowles / Stephanie Watson

 

END

 

 

DSHAKBDQPBDDOBB