Business
ISS recommendation to support Nanoco’s Board
ISS recommendation to support Nanoco’s Board.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\nFor Immediate Release 2 August 2023\n \nNANOCO GROUP PLC\n(\"Nanoco\", the \"Company\" or the \"Group\")\n \nISS recommendation to support Nanoco's Board\n \nNanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, notes the voting recommendations recently published by Institutional Shareholder Services (\"ISS\") in relation to the Group's forthcoming General Meeting to be held on 14 August 2023:\n· to vote AGAINST all the resolutions to remove the current Board of Nanoco\n· to vote AGAINST the proposed appointment of the following director nominees:\no Tariq Hamoodi\no Greg Moeller\no Dooyong Lee\no Benjamin Barnett\no Ikchoon Tim Kang\nNon-Executive Director recruitment process\nAs previously stated in the Group's 2022 Annual Report & Accounts (page 53), and in the Circular published in relation to the General Meeting, the Board has indicated that it would add additional skills and experience at an appropriate time to match the Company's phase of development and available funding. The Board has already started the search for an additional independent non-executive director with strong sector relevant commercial experience, to support the Board as we ramp up production. The Nomination Committee of the Board is interested in meeting with strong candidates with the requisite skillset. If Mr Eric Achtmann, who ISS have recommended as the only nominee with the closest ...