Shoei Litigation Update
Nanoco Group PLC has added Apple Inc. as a named co-party to the existing litigation initiated by Shoei Chemical Inc. and Shoei Electronic Materials, Inc. in the US District Court for the Eastern District of Virginia. The company's board emphasizes that this action does not alter the materiality or potential value of the claim, but rather is a procedural step prompted by Shoei's litigation stance.
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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, has moved to add Apple Inc ("Apple") as a named co party in the existing litigation that Shoei Chemical Inc. and Shoei Electronic Materials, Inc. (together, "Shoei") brought against Nanoco in the US District Court for the Eastern District of Virginia.
The Board of Nanoco feel it is important to emphasise to investors that the move to add Apple as a co party does not increase the materiality or potential value of this claim. It is a step in the litigation that Shoei has brought against Nanoco, prompted by the positions Shoei has taken in the litigation.
The Board will continue to update shareholders as appropriate.
MAR
Nanoco Group plc:
Dr Jalal Bagherli, Executive Chairman +44 (0)1928 761 404
Liam Gray, Interim CEO
Sodali & Co (Public Relations)
Elly Williamson +44 (0)79 3535 1934
Pete Lambie
Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):
Ed Frisby / George Lawson (Corporate Finance) +44 (0) 20 7220 0500
Tim Redfern / Ella Bedford (Corporate Broking)
Jasper Berry (Sales)
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