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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 |
From Apr 2019 to Apr 2024
TIDMPPIX
RNS Number : 9124H
ProPhotonix Limited
16 March 2018
March 16, 2018
ProPhotonix Limited
("ProPhotonix" or "the Company")
Grant of Options
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, announces the approval and grant of options over 1,000,000 common shares under the 2014 Stock Incentive Plan including the specific grants as follows:
Hot Features
Premium
Grantee Position Maximum Exercise
Options Price
-------------- ---------- --------- ---------
Edward Dolan CFO 350,000 $.1221
-------------- ---------- --------- ---------
Edward Dolan CFO 650,000* $.1221
-------------- ---------- --------- ---------
The first option is a service-based option vesting 50% each year over the next two years. The exercise price is equal to the closing share price on 14 March 2018.
* The second option relates to the option scheme for senior management as announced in June, 2017, and 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 ir@prophotonix.com CEO Cantor Fitzgerald Europe (Nominated Adviser and Tel: +44 (0)207 894 Broker) 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 (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
END
IOEFMGMFRKDGRZM
(END) Dow Jones Newswires
March 16, 2018 03:00 ET (07:00 GMT)
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