Last checked at 13 Jul 2010 07:00
| For immediate release | 13 July 2010 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Shareholding Notification
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of quantum dots and other nanomaterials, received notification on 12 July 2010 from Ora Capital Partners Limited ("Ora") that on 9 July 2010 it sold 10,748,270 ordinary shares of 10p each in the Company ("Ordinary Shares").
These Ordinary Shares were released from a lock-in agreement by the Company and the Company's Broker in order to satisfy institutional demand.
Ora continues to hold an interest in an aggregate of 52,870,260 Ordinary Shares representing 28.72% of Nanoco's ordinary issued share capital. These shares are held both directly and indirectly as follows:
·; 50,000,000 Ordinary Shares representing 27.16% of Nanoco's ordinary issued share capital is held directly by Ora (Guernsey) Limited, a wholly owned subsidiary of Ora Capital Partners Limited;
·; 2,870,260 Ordinary Shares representing 1.6% of Nanoco's ordinary issued share capital is held indirectly through a financial instrument held by Cantor Fitzgerald on behalf of OCS Trading Limited, a wholly owned subsidiary of Ora Capital Partners Limited.
The 50,000,000 Ordinary Shares held directly continue to be subject to a lock-in and orderly market agreement until 1 May 2011.
For further information please contact:
| Nanoco | Tel: +44 (0) 161 603 7900 |
| Michael Edelman, Chief Executive Officer |
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| Michael Bretherton, Chief Financial Officer |
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| Bank of America Merrill Lynch - Corporate Broker | Tel: + 44 (0) 20 7996 2490 |
| Will Smith |
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| Zeus Capital | Tel: +44 (0) 161 831 1512 |
| Alex Clarkson |
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| Nick Cowles |
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| Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
| Mark Court / Christian Goodbody |
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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.