ProPhotonix Limited Director/PDMR Dealings and Issue of Equity (9957B)
April 10 2017 - 2:00AM
UK Regulatory
TIDMPPIX
RNS Number : 9957B
ProPhotonix Limited
10 April 2017
April 10, 2017
ProPhotonix Limited
("ProPhotonix" or the "Company")
Director/PDMR Dealings and Issue of Equity
ProPhotonix Limited (AIM: PPIX, OTC: STKR), a high technology
designer and manufacturer of LED illumination systems and laser
diode modules, with operations in Ireland and the United Kingdom,
announces that application has been made for in aggregate 5,785,000
new common shares of $0.001 in the Company ("New Shares") to be
admitted to trading on AIM ("Admission") following the exercise of
options and warrants as listed below:
Enlarged Percentage
Position New Shares shareholding of enlarged
share
capital
--------------- ------------ ------------ ---------------------- -------------------------
Tim Losik CEO 3,500,000 3,952,192 4.37%
--------------- ------------ ------------ ---------------------- -------------------------
Mark Hawtin Investor 1,900,000 12,020,806 13.28%
--------------- ------------ ------------ ---------------------- -------------------------
Philip Feeley CFO 375,000 403,503 0.46%
--------------- ------------ ------------ ---------------------- -------------------------
Tina Lea FD 10,000 10,000 0.01%
--------------- ------------ ------------ ---------------------- -------------------------
It is expected that Admission will become effective and that
dealings in the New Shares will commence on 13 April 2017.
Following Admission, the Company's issued share capital will
comprise 90,525,402 common shares, with voting rights. The Company
does not hold any common shares in treasury. Therefore, the total
number of common shares in the Company with voting rights will be
90,525,402. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
ProPhotonix Limited ir@prophotonix.com
Tim Losik, President and CEO Tel: +1 603 893 8778
Stockdale Securities Limited Tel: +44 (0) 20 7601
6100
Tom Griffiths/David Coaten
Nominated Adviser and Broker
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is a
high technology designer and manufacturer of LED illumination
systems and laser diode modules for industry leading OEMs and
medical equipment companies. In addition, the Company distributes
premium diodes for Ushio (formerly Opnext), Osram, QSI, Panasonic,
and Sony. The Company serves a wide range of markets including the
machine vision, industrial inspection, security, and medical
markets. ProPhotonix has offices and subsidiaries in the U.S.,
Ireland, U.K., and Europe. 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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