Grant of Options

RNS Number : 2504D

Nanoco Group PLC

30 November 2009

 



For immediate release

30 November 2009

NANOCO GROUP PLC

("Nanoco" or "the Company")

Grant of Options

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of commercial quantities of quantum dots, confirms that Dr. Michael Edelman, the Company's Chief Executive Officer, and Dr. Nigel Pickett, the Company's Chief Technical Officer, were each granted options over ordinary shares in the Company on 27 November 2009. The options were granted as a combination of unapproved and HM Revenue & Customs approved Enterprise Management Incentive ("EMI") options under the terms of the Nanoco Group plc Long Term Incentive Plan ("LTIP"). 

Details of the options granted

Name of Director/ PDMR	Number of unapproved options granted	Number of EMI options granted	Total number of options granted
Dr. Michael Edelman	249,965	50,035	300,000
Dr. Nigel Pickett	162,465	50,035	212,500

All options have been granted at an exercise price of 78 pence and will be exercisable on following completion of a three year performance period subject to performance conditions being met based on share price and EPS performance.

For further information please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Michael Bretherton, Chief Financial Officer
Zeus Capital	Tel: [phone]
Alex Clarkson
Nick Cowles
Buchanan Communications	Tel: [phone]
Mark Court / Jennie Spivey / Miranda Higham

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots for use in multiple applications including lighting, solar cells and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass. Nanoco forms strategic partnerships with major end users across a range of applications.

Nanoco was founded in 2001 and is based in Manchester,UK. Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO.

For further information, please visit www.nanocotechnologies.com.

About quantum dots

Quantum dots are fluorescent nano-sized particles of semiconductor material which have the ability to emit light in a specific colour dependent on the size of the particle. 

 

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