Nanoco shareholders set for pay out of up to £40m after Samsung settlement

Shareholders in technology company Nanoco are set to receive a pay out of up to £40m.

The Runcorn-headquartered business is making the move after Samsung agreed to pay $150m as part of a no fault settlement in February.

Nanoco had been suing the South Korean group in Texas after it alleged that its QLED televisions use the company’s technology without permission.

Nanoco is to retain the remaining funds after litigation costs have been paid.

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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