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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 |
TIDMPSL
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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