Share Name Share Symbol Market Type Share ISIN Share Description
Prophotonix 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
  +0.00p +0.00% 12.00p 11.00p 13.00p 12.00p 12.00p 12.00p 0 06:31:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 13.1 1.2 1.6 7.2 11.03

ProPhotonix Limited PROPHOTONIX SECURES £700,000 TERM LOAN

14/06/2018 1:59pm

UK Regulatory (RNS & others)


Prophotonix (LSE:PPIX)
Historical Stock Chart

1 Month : From May 2018 to Jun 2018

Click Here for more Prophotonix Charts.

TIDMPPIX

RNS Number : 4430R

ProPhotonix Limited

14 June 2018

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

June 14, 2018

ProPhotonix Limited

("ProPhotonix" or "the Company")

PROPHOTONIX SECURES GBP700,000 TERM LOAN

ProPhotonix Limited (London Stock Exchange - AIM: PPIX & PPIR, OTC: STKR), a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, today announces it has entered into a GBP700,000 four year term loan facility with SQN Secured Income Fund PLC ("SQN"). The loan carries an interest rate of 10% and is repayable in monthly instalments starting in July 2018. The loan is secured by way of a fixed and floating charge over certain assets of the Group.

Ed Dolan, CFO, Commented:

"We are pleased to partner with SQN on this loan facility. The funds will assist us in acquiring additional machinery and equipment to continue the expansion of our UV LED manufacturing operations as well as provide working capital toward the growth of the business."

Enquiries:

 
 ProPhotonix Limited                    Tel: +1 603 893 8778 
  Tim Losik, President and CEO           ir@prophotonix.com 
  Cantor Fitzgerald Europe 
   (Nominated Adviser and Broker)      Tel: +44 (0)207 894 7000 
   David Foreman 
   Richard Salmond 
 
 
 

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, 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 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

MSCKMGMVZDKGRZM

(END) Dow Jones Newswires

June 14, 2018 08:59 ET (12:59 GMT)

1 Year Prophotonix Chart

1 Year Prophotonix Chart

1 Month Prophotonix Chart

1 Month Prophotonix Chart
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V:gb D:20180620 07:41:34