Nanoco Group PLC Change of Auditor (5330Q)
29 June 2022 - 4:00PM
UK Regulatory
TIDMNANO
RNS Number : 5330Q
Nanoco Group PLC
29 June 2022
29 June 2022
NANOCO GROUP PLC
(" Nanoco ", the "Group", or the "Company" )
Change of Auditor
Following a formal tender process, Nanoco is pleased to announce
the appointment of Mazars LLP ('Mazars') as its new auditor with
immediate effect and to include the current financial year ending
31 July 2022.
PwC LLP ('PwC') have now resigned as auditor of the Company and
its subsidiaries following the completion of the 31 July 2021
audit.
In accordance with section 519 of the Companies Act 2006, PwC
has deposited a statement with the Company detailing the
circumstances connected with them ceasing to hold office as auditor
of the Company (the "Statement"). The Statement confirms that PwC
resigned following the Company's decision to appoint auditors at a
lower fee than PwC were proposing to charge for the statutory audit
for the year ending 31 July 2022.
The appointment of Mazars as auditor for the current financial
year has been made by the Directors to fill the vacancy arising on
the resignation of PwC. This appointment will be subject to
approval by shareholders at the next Annual General Meeting of the
Company to be held in 2022.
For further information, please contact:
Nanoco Group PLC :
Liam Gray Telephone : +44 (0) 161 603 7900
CFO & Company Secretary
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials.
Nano-materials are materials with dimensions typically in the range
1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group
exploits different characteristics of the quantum dots to target
different performance criteria that are attractive to specific
markets or end-user applications such as the Display, Sensor and
Electronics markets. An interesting property of quantum dots is
size-tunable absorption spectrum. Nanoco's HEATWAVE(TM) quantum
dots can be tuned to absorb light at different wavelengths across
the near-infrared spectrum, rendering them useful for applications
including image sensors. Another interesting property of quantum
dots is photoluminescence: the emission of longer wavelength light
upon excitation by light of a shorter wavelength. The colour of
light emitted depends on the particle size. Nanoco's CFQD(R)
quantum dots are free of cadmium and other toxic heavy metals, and
can be tuned to emit light at different wavelengths across the
visible and infrared spectrum, rendering them useful for a wide
range of applications including displays, lighting and biological
imaging.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information,
please visit: www.nanocotechnologies.com .
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