Grant of Options

RNS Number : 2622P

Nanoco Group PLC

23 October 2012

 



For immediate release

23 October 2012

NANOCO GROUP PLC

("Nanoco" or "the Company")

Grant of Options and Directors' Interests

In accordance with the terms of the Company's Long Term Incentive Plan, on 22 October 2012 the Board granted a total of 7,675,000 share options in respect of its ordinary shares of 10 pence each (the "Ordinary Shares") to employees. Option grants under the Long Term Incentive Plan have been made throughout the business to align employees' interests with those of shareholders, to improve long term performance and to encourage staff retention.

Included within this total, the following options were awarded to Executive Directors of the Company. These options, which were granted following the recommendation of the Remuneration Committee, are subject to performance conditions and will vest over the next three years.

Director	Amount paid for grant of option	Number of options	Exercise price
Michael Edelman	Nil	1,000,000	57p
Nigel Pickett	Nil	750,000	57p
Colin White	Nil	750,000	57p

All other terms and conditions of these incentivisation arrangements conform with the Company's existing Long Term Incentive Plan.

Following the options granted above, the Directors' interests in the total voting rights of the Company are as detailed below:

Director	Total number of share options held	Percentage of issued share capital	Number of Ordinary Shares held*	Percentage of issued share capital
Michael Edelman	1,500,000	0.72%	8,288,640	3.97%
Nigel Pickett	1,250,000	0.60%	10,945,681	5.24%
Colin White	1,379,589	0.66%	320,411	0.15%

* Includes jointly owned Employee Benefit Trust shares 

For further information please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Bank of America Merrill Lynch - Joint Broker	Tel: [phone]
Matthew Blawat
Canaccord Genuity - Nomad and Joint Broker	Tel: [phone]
Simon Bridges
Cameron Duncan
Buchanan Communications	Tel: [phone]
Mark Court / Fiona Henson / Sophie Cowles

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.nanocogroupplc.com.

 

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