ProPhotonix Limited Director/PDMR Dealings and Issue of Equity (9957B)

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            [e-mail] 
 Tim Losik, President and CEO    Tel: [phone] 
 
 Stockdale Securities Limited   Tel: [phone] 
                                 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

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April 10, 2017 02:00 ET (06:00 GMT)