NANOCO GROUP PLC — Director's Dealing 2016

Dec 22, 2016

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RNS Number : 6520S

Nanoco Group PLC

22 December 2016

For immediate release                                                                                                                                               22 December 2016

NANOCO GROUP PLC

("Nanoco" or the "Company" or "Group") 

Director/PDMR Shareholding

The Company received notification today that, on 21 December 2016, Dr Michael Edelman, Nanoco's Chief Executive Officer, sold 380,000 ordinary shares and transferred 120,000 ordinary shares of £0.10 each in the Company ("Ordinary Shares") to meet charitable and other financial commitments before the end of the US tax year on 31 December 2016.  The average sale price was 40.75 pence per share.

Following this transaction, Michael Edelman has a beneficial interest in 4,931,615 Ordinary Shares, representing approximately 2.07% per cent. of the total voting rights in the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michael Edelman

2

Reason for the notification

a)

Position/status   

CEO

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Nanoco Group plc

b)

LEI

213800HOSJEZO1KOCV33

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of £0.10 each

Identification code

ISIN GB00B01JLR99

b)

Nature of the transaction

Sale and transfer of Ordinary Shares

c)

Price(s) and volume(s)

Sale:

Volume	Price, p
344,057	40.5p
31,166	43.0p
4,777	44.0p

Transfer:

Volume(s)     120,000 Ordinary Shares   

Price(s)             44.5p transfer price (no cash received for charitable donation)

d)

Aggregated information   

Sale;

Volume     380,000 Ordinary Shares   

Average Price          40.75 pence

Transfer:

Volume     120,000 Ordinary Shares   

Price             44.5p transfer price (no cash received for charitable donation)

e)

Date of transaction

21 December 2016

f)

Place of transaction

London Stock Exchange (XLON)

For further information, please contact:

Nanoco	Tel: +44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer
Caroline Watson, Investor Relations Manager	Tel: + 44 (0) 7799 897357
cwatson@nanocotechnologies.com
Buchanan	Tel: +44 (0) 20 7466 5000
Mark Court / Sophie Cowles / Stephanie Watson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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