Receipt of Litigation Proceeds
Nanoco Group PLC has received a litigation settlement payment of $4.5 million from LG Electronics Inc. and LG Electronics U.S.A., Inc. This amount represents the agreed gross settlement of $5 million, with 10% withheld for tax liabilities. The full $5 million gross settlement will be recognised as revenue in the current financial year, positively impacting the company's financial performance.
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Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, confirms that it has today received the settlement amount of $4.5m from LG Electronics Inc. and LG Electronics U.S.A., Inc. (the "Parties").
As detailed in the announcement dated 20 November 2025, the gross amount agreed between the Company and the Parties was $5m, and 10% of this has been withheld at source in order to satisfy relevant tax liabilities. The gross amount of $5m will be wholly recognised as revenue in the current financial year.
Nanoco Group plc:
Dmitry Shashkov, CEO +44 (0)1928 761 404
Liam Gray, CFO & Company Secretary
Sodali & Co (Public Relations)
Elly Williamson +44 (0)79 3535 1934
Pete Lambie
Oliver Banks
Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):
Ed Frisby / George Lawson (Corporate Finance) +44 (0) 20 7220 0500
Tim Redfern (Corporate Broking)
Jasper Berry (Sales)
CDX Advisors (Financial Adviser):
Steven Foland +1 415 425 2224
Steve Month
Patrick Foley
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.