ProPhotonix Limited ProPhotonix Announces AGM Results (3297O)
May 18 2018 - 2:00AM
UK Regulatory
TIDMPPIX
RNS Number : 3297O
ProPhotonix Limited
18 May 2018
May 18, 2018
ProPhotonix Limited
("ProPhotonix" or "the Company")
Result of AGM and Issue of Equity to Directors
ProPhotonix Limited, (London Stock Exchange - (AIM: PPIX &
PPIR, 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 at its Annual
General Meeting held yesterday all matters put before the
shareholders were duly passed.
Under the director compensation policy, the following fully
vested common shares of $0.001 each ("Common Shares") were issued
to each of the Company's non-executive directors, in accordance
with the terms of their service contracts. As such, ProPhotonix
announces that application has been made for in aggregate 300,000
Common Shares to be admitted to trading on AIM ("Admission")
following the issue of these fully vested shares as listed
below:
Enlarged Percentage
Position New Shares shareholding of enlarged
share
capital
------------------ ------------ ------------ ---------------------- -------------------------
Ray Oglethorpe Chairman 75,000 735,567 0.79%
------------------ ------------ ------------ ---------------------- -------------------------
Tim Steel NED 75,000 1,203,000 1.29%
------------------ ------------ ------------ ---------------------- -------------------------
Vincent Thompson NED 75,000 501,450 0.54%
------------------ ------------ ------------ ---------------------- -------------------------
Mark Weidman NED 75,000 850,000 0.91%
------------------ ------------ ------------ ---------------------- -------------------------
It is expected that Admission will become effective and that
dealings in the Common Shares will commence on 21 May 2018.
Following Admission, the Company's issued share capital will
comprise 93,000,402 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
93,000,402. 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 Tel: +1 603 893 8778
Tim Losik, President ir@prophotonix.com
and CEO
Cantor Fitzgerald Europe
(Nominated Adviser Tel: +44 (0)207
and Broker) 894 7000
David Foreman
Richard Salmond
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is a
high technology 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 Ushio, 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
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