Source - RNS
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:

 

 


 

Position

 

New Shares

Enlarged shareholding

Percentage 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

Tim Losik, President and CEO

Tel: +1 603 893 8778

[email protected]

Cantor Fitzgerald Europe

   (Nominated Adviser and Broker)

   David Foreman

   Richard Salmond

 

 Tel: +44 (0)207 894 7000




 

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

 

 

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