Nanoco Group plc announced that several key personnel, including CEO Brian Tenner, CTO Nigel Pickett, and CFO Liam Gray, have exercised options granted to them in 2021. These options were in respect of bonuses earned in previous years and became exercisable upon the publication of the financial statements for the year ended 31 July 2023. To meet tax and fee obligations, a number of the shares will be sold, and the Employee Benefit Trust (EBT) purchased ordinary shares of 10p each in Nanoco on the open market of the London Stock Exchange.
Brian Tenner exercised 452,555 options, sold 213,130 shares to meet tax and fee obligations, and retained 239,425 shares. Dr. Nigel Pickett exercised 399,929 options, sold 188,346 shares, and retained 211,583 shares. Liam Gray exercised 35,157 options, sold 16,558 shares, and retained 18,559 shares. Other employees also exercised their options, sold a portion of the shares to meet obligations, and retained the rest.
Nanoco is a company that harnesses the power of nano-materials, particularly quantum dots, which have size-dependent optical and electronic properties. The company produces quantum dots and other nano-materials, exploiting different characteristics of the quantum dots to target different performance criteria attractive to specific markets or end-user applications such as the Display, Sensor, and Electronics markets. Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. The company is listed on the Main Market of the London Stock Exchange under the ticker symbol NANO.
The exercise of the deferred bonus options and subsequent share transactions were made in compliance with the Disclosure and Transparency Rules. For further information, the Chief Financial Officer and Company Secretary, Liam Gray, can be contacted at +44 (0) 1928 761422.