Admission to AIM (5626Y)

TIDMPSL

RNS Number : 5626Y

Photonstar LED Group PLC

24 December 2010

PhotonStar LED Group PLC (formerly Enfis Group plc)

('the Group')

Admission to AIM

PhotonStar LED Group PLC (formerly known as Enfis Group plc) is pleased to announce that at the General Meeting held yesterday, all resolutions were duly passed. Accordingly, trading in its Ordinary Shares has commenced on AIM today, following the reverse takeover of PhotonStar LED Ltd. The Group's LED Lighting Fixtures business is carried on by PhotonStar LED Ltd ("PhotonStar") and its LED Light Engines business including Enfis light engines is carried on by Photonstar Technology Limited.

PhotonStar is a UK based designer and manufacturer of efficient, sustainable LED lighting fixtures. PhotonStar's LED lighting products have won a number of industry awards for innovation and design. Its 'Smart' range LED fixtures allow greater levels of energy efficiency to be achieved by end users through a combination of light source efficiency and control.

Photonstar Technology Limited specialises in the design and development of intelligent high power LED arrays and light engines Its light engines combine high power LED arrays with efficient, intelligent electronics and effective thermal management. Customers use its arrays and light engines for demanding applications within sectors such as film and TV production and other entertainment lighting and ultra-violet curing applications such as epoxies and printing inks. PhotonStar intends to drive development of a range of highly integrated light engines and controls for use in general illumination based on a combination of its technology and Enfis array products.

As announced on 30 November 2010, the Group has raised approximately GBP2.0 million (gross) pursuant to a placing of 19,799,790 new ordinary shares of 10 pence each ("the Placing Shares") at 10 pence each per share. The Placing Shares represent approximately 23% of the Group's enlarged share capital of 86,386,503 ordinary shares of 10 pence each which will trade under the ticker PSL.L. The Group's ISIN is GB00B1TK2453.

The net proceeds of the placing will be used, inter alia, to fund the costs of integration of the Group's businesses product development and working capital for expansion.

Further information is available on the Company's website: www.photonstarled.com.

Enquiries:

 
 PhotonStar LED Group PLC                      Tel: [phone] 
  James McKenzie - Chief Executive Officer      Tel: [phone] 
  Ceri Jones - Chief Financial Officer 
 finnCap Limited                               Tel: [phone] 
  Geoff Nash/ Charlotte Stranner - Corporate 
  Finance 
  Brian Patient - Corporate Broking 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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