Context on no-fault settlement of litigation

Nanoco’s regulatory news release gives more information on its proposed settlement with Samsung and adds useful context in the face of speculation on investor forums and share price volatility after the 6 January no-settlement announcement. Nanoco expects to issue another update when it completes the final binding agreement within the next 30 days. We leave our estimates unchanged.

On 6 January, Nanoco announced that a term sheet for a no-fault settlement of the current litigation has been agreed with Samsung. Both parties have 30 days to agree the detailed terms of a binding agreement and have jointly requested a stay to the trial, which was scheduled to start on 6 January 2023. This has triggered significant speculation on investor forums and led to share price volatility.

Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.

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