Business
Relocation of CEO to the US and Director Dealings
Relocation of CEO to the US and Director Dealings.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 3551E Nanoco Group PLC 09 May 2013 \n \n\n\n\n\n\n For immediate release \n\n\n9 May 2013\n\n\n\n\n \n \nNANOCO GROUP PLC\n(\"Nanoco\" or the \"Company\")\n \nRelocation of CEO to the US and Director Dealings\n \nNanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that its CEO, Michael Edelman, is relocating to the US, where he will lead the Company from Boston, MA.\n \nThis relocation will allow Nanoco to be close to its key US strategic partners and potential customers. It will also give the Company the opportunity to develop its US investor base. \n \nTo fund his relocation to the US, Michael Edelman informed the Company on 9 May 2013 that, on 9 May 2013, he sold 1,300,000 ordinary shares in the Company (\"Ordinary Shares\") at 163 pence per Ordinary Share. His resultant shareholding, not including share options, is 6,988,640 Ordinary Shares, equivalent to 3.3% of the Company's share capital.\n \nMichael Edelman, Nanoco's Chief Executive Officer, said: \"Nanoco has reached a stage in its development where I am spending an increasing amount of time in the US, particularly since signing our key manufacturing and marketing relationship there. We have strategic relationships, customers, potential customers and investors in the US. By relocating, I will have the opportunity to serve and develop these relationships more effectively.\n \n\"Nanoco's head office will remain in Manchester, UK, and I will continue to divide my time between Manchester, London, Asia and the US.\"\n \n \n \n \nFor further information: \n \n\n\n\n\nNanoco\n\n\n+ 44 (0) 161 603 7900\n\n\n\n\nMichael Edelman, Chief Executive Officer\n\n\n\n\n\n\n\nColin White, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCanaccord Genuity - Nomad and Joint Broker\n\n\n+44 (0) 20 7523 8000\n\n\n\n\nSimon Bridges\n\n\n\n\n\n\n\nCameron Duncan\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLiberum Capital - Joint Broker\n\n\n+ 44 (0) 20 3100 2000\n\n\n\n\nSimon Atkinson\n\n\n\n\n\n\n\nRichard Bootle\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan \n\n\n+ 44 (0) 20 7466 5000\n\n\n\n\nMark Court / Fiona Henson / Sophie Cowles\n\n\n\n\n\n\n\n \n \nNotes for editors:\n \nAbout Nanoco Group ...