Nanoco Group PLC (LON:NANO) Litigation Outcome – Settlement Agreed

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, announces that a term sheet for a no fault settlement of the current litigation has been agreed between Nanoco and Samsung (the “Parties”).

The Parties now have 30 days to agree the detailed terms of a binding agreement.

The Parties have therefore jointly requested a stay to the trial that was scheduled to commence on Friday 6 January 2023 in order to allow the detailed terms of a binding agreement to be finalised.

The Company expects to issue a further update on completion of the final binding agreement within the next 30 days.

– Ends –

For further information, please contact:

Nanoco Group PLC :

Brian Tenner, CEO +44 (0)1928 761 404

Liam Gray, CFO & Company Secretary

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