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PSL Photonstar Led

0.045
0.00 (0.00%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Photonstar Led LSE:PSL London Ordinary Share GB00B1TK2453 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.045 0.044 0.046 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Photonstar LED Group PLC Update regarding upcoming General Meeting (3888U)

28/03/2019 5:02pm

UK Regulatory


Photonstar Led (LSE:PSL)
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RNS Number : 3888U

Photonstar LED Group PLC

28 March 2019

28 March 2019

PhotonStar LED Group PLC

("PhotonStar" or the "Company")

Update regarding upcoming General Meeting

On 13 March 2019, the Company announced that it had posted a circular to shareholders containing a notice convening a General Meeting in connection with the proposed orderly wind down of the Company's operating business (the "Circular") and seeking from shareholders, amongst other things, authority to raise further funds.

The Company draws shareholders attention to paragraph 2 of the Circular, 'Background to the Proposals':

Should the Proposals be voted down, the Directors will be forced to consider the viability of the Company's future.

Shareholders should also note that the Directors Conditional Subscription, which was announced on the 6(th) March 2019, and the Conditional Issue of Equity which was issued on the 19 March 2019, are both conditional upon the resolutions being passed at the General Meeting. Therefore, these funds will not be available to the Company if the resolutions are not passed. No other issue of shares has been contemplated by the Directors at this time.

The Directors therefore urge Shareholders to approve the Resolutions proposed at the General Meeting on the 5th April 2019.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Company's Circular dated 13 March 2019.

For further information:

PhotonStar LED Group Plc (www.photonstarled.com) +44 (0)20 3198 2554

Martin Lampshire, non--executive Director

Allenby Capital Limited (nominated adviser) +44 (0)20 3328 5656

John Depasquale / Nick Naylor

Peterhouse Capital Limited (sole broker) +44 (0)20 7469 0930

Lucy Williams / Duncan Vasey

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 28, 2019 13:02 ET (17:02 GMT)

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