Nanoco Group PLC, a leader in cadmium-free quantum dots and nanomaterials, has confirmed the sale of shares by its directors as part of a tender offer. Nigel Pickett, the Chief Technology Officer, sold 4,531,800 ordinary shares at a price of 24.00 on April 11, 2024. Additionally, Non-Executive Directors Alison Fielding and Christopher Batterham also sold shares on the same date at the same price, with Fielding selling 107,683 shares and Batterham selling 50,395 shares. On April 15, 2024, Batterham sold an additional 18,745 shares at a price of 22.94.
The sum of the two transactions by Mr. Batterham equates to 35.6% of his holding before the Tender Offer, slightly less than the Basic Entitlement of 38.5% in the Tender Offer. Nanoco Group PLC is a nanomaterial production and licensing company, specializing in the production of its patented cadmium-free quantum dots (CFQD®) and other patented nanomaterials for use in the electronics industries. Founded in 2001 and headquartered in Runcorn, UK, Nanoco continues to build out a world-class, patent-protected IP portfolio alongside the scaling of the production for commercial orders.
Nanomaterials are materials with dimensions typically in the range 1 - 100 nm, possessing useful properties, including optical and electronic. Quantum dots, a subclass of nanomaterial, have size-dependent optical and electronic properties. Within the sphere of quantum dots, the Group exploits different characteristics to target various performance criteria attractive to the electronics industry. For further information, contact Liam Gray, CFO & Company Secretary, at +44 (0) 1928 761 404.