Grant of Options (0189A)

TIDMPPIR TIDMPPIX

RNS Number : 0189A

ProPhotonix Limited

26 March 2012

ProPhotonix Limited

("ProPhotonix" or "the Company")

Grant of Options

The Board of ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED light engines and laser diode modules with operations in Ireland and the U.K., announces that on 23 March 2012, under the 2007 Stock Incentive Plan, it has approved the grant of 1,500,000 options over Ordinary Shares of $0.001 each in the Company.

The following option grants to Directors were made:

 
Director           Options granted 
Mark W. Blodgett   1,000,000 
Tim Losik          500,000

The options are exercisable (in whole or in part) at any time up to 21 March 2022 and are exercisable at a price of $0.107 per Ordinary Share. The options vest annually over four years.

Enquiries:

 
ProPhotonix Limited                  Tel: +44 (0)12 7971 7170 
 Mark W. Blodgett, CEO 
N+1 Brewin (NOMAD and Joint Broker)  Tel: +44 (0) 203 201 3710 
 Andrew Craig/Ben Wright 
XCAP Securities plc (Joint Broker)   Tel: +44 (0) 207 101 7070 
 Jon Belliss 
Cubitt Consulting                    Tel: +44 (0) 20 7367 5100 
 Chris Lane/Madeline Douglas

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and the United Kingdom. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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