Source - RNS
RNS Number : 6174J
Photonstar LED Group PLC
13 September 2016

13 September 2016


PhotonStar LED Group Plc


Working Capital Facility


PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, is pleased to announce that it has extended its £1.65m working capital facility with ABN AMRO Commercial Finance PLC which was announced on 30 November 2015 (the "ABN AMRO Facility").


The ABN AMRO Facility was implemented to provide a greater flexibility to the Group in its drawdown arrangements and in the concentration limits applied for larger customers.


The quantum available under the terms of the ABN AMRO Facility remains unchanged but its applicability has now been extended in order to support the Group's subsidiary company PhotonStar Technology Limited ("PST"), which has recently been focussing on the development of PhotonStar's HalcyonTM business.



James McKenzie, the CEO of PhotonStar commented that:


"We are delighted that ABN AMRO Commercial Finance PLC has agreed to provide a much wider working capital facility which will provide further support of the expansion of the HalcyonTM business which we see as a key growth driver for the Group."


This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.



For further information:


PhotonStar LED Group Plc (

+44 (0)2381 230381

James McKenzie - Group Chief Executive

Northland Capital Partners

+44 (0)20 3861 6625

Patrick Claridge/David Hignell/Margarita Mitropoulou (Corporate Finance)

John Howes/Rob Rees (Corporate Broking)



About PhotonStar LED Group Plc


PhotonStar LED Group Plc is a leading British designer and manufacturer of intelligent lighting & building control solutions. The Group's proprietary technology Halcyon™ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and real time environmental, behavioral and energy insights.


PhotonStar is based in Romsey, Hampshire with a manufacturing facility in Wales.

This information is provided by RNS
The company news service from the London Stock Exchange

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