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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Prophotonix Limited | LSE:PPIX | London | Ordinary Share | COM SHS $0.001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.75 | 8.50 | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPPIX
RNS Number : 2006H
ProPhotonix Limited
06 June 2017
June 6(th) , 2017
ProPhotonix Limited
("ProPhotonix" or "the Company")
Grant of Options
ProPhotonix Limited, (London Stock Exchange - 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 on June 5(th) the Company granted, in aggregate, 12,870,000 options over common shares under its 2014 Stock Incentive Plan, of which 10,795,000 have been granted to the following directors and PDMRs:
Grantee Position Maximum Exercise Price ------------------ ---------- ---------- --------- Tim Losik CEO 5,250,000 $0.2385 ------------------ ---------- ---------- --------- Philip Feeley CFO 420,000 $0.2385 ------------------ ---------- ---------- --------- Jeremy Lane PDMR 1,575,000 $0.2385 ------------------ ---------- ---------- --------- Simon Stanley PDMR 1,575,000 $0.2385 ------------------ ---------- ---------- --------- David McGuinness PDMR 1,575,000 $0.2385 ------------------ ---------- ---------- --------- Tina Lea PDMR 200,000 $0.2385 ------------------ ---------- ---------- --------- Kevin Lee PDMR 200,000 $0.2385 ------------------ ---------- ---------- ---------
The option plan, for senior management, is based upon the achievement of certain results in the growth of the Company's "EBITDA", defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation and impairment charges. The plan performance is measured annually and over the three-year period ending December 31, 2019 with vesting at various levels based on performance; vesting levels range from zero to the maximum as shown in the table above.
Enquiries:
ProPhotonix Limited Tel: +1 603 893 8778 Tim Losik, President and CEO ir@prophotonix.com Stockdale Securities Limited Tel: +44 (0) 20 7601 Tom Griffiths and David Coaten 6100 Nominated Adviser and Broker
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 (formerly Oclaro), 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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(END) Dow Jones Newswires
June 06, 2017 02:00 ET (06:00 GMT)
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