ProPhotonix Limited ProPhotonix Director/PDMR Shareholding (1244A)

TIDMPPIX

RNS Number : 1244A

ProPhotonix Limited

21 December 2017

December 21, 2017

ProPhotonix Limited

("ProPhotonix" or the "Company")

Director/PDMR Dealings and Issue of Equity

ProPhotonix Limited (AIM: PPIX and 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 that application has been made for in aggregate 690,000 new common shares of $0.001 in the Company ("New Shares") to be admitted to trading on AIM ("Admission") following the exercise of options and warrants as listed below:

 
                                                                         Enlarged                    Percentage 
                       Position         New Shares    Exercise            shareholding                of enlarged 
                                                       price                                          share 
                                                                                                      capital 
------------------  ----------------  ------------  ----------  ----------------------  ------------------------- 
 David McGuinness    Sales Director        690,000    $0.03883                 696,000                      0.75% 
------------------  ----------------  ------------  ----------  ----------------------  ------------------------- 
 

Following Admission, the Company's issued share capital will comprise 92,565,402 common shares, with voting rights. The Company does not hold any common shares in treasury. Therefore, the total number of common shares in the Company with voting rights will be 92,565,402. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
    ProPhotonix Limited              Tel: [phone] 
     Tim Losik, President & CEO       [e-mail] 
    Cantor Fitzgerald Europe         Tel: [phone] 
     (Nominated Adviser and Broker) 
     Andrew Craig 
     Richard Salmond 
 

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is a high technology designer and manufacturer of LED illumination systems and laser diode modules for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Ushio (formerly Opnext), 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.

 
 1    Details of the person discharging 
       managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                      David McGuinness 
---  ------------------------  ----------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status           PDMR 
---  ------------------------  ----------------------------- 
 b)   Initial notification      INITITAL NOTIFICATION 
       /Amendment 
---  ------------------------  ----------------------------- 
 3    Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                      PROPHOTONIX LIMITED 
---  ------------------------  ----------------------------- 
 b)   LEI                       213800HRNS6E2XP4A909 
---  ------------------------  ----------------------------- 
 4    Details of the transaction(s): 
       section to be repeated for (i) 
       each type of instrument; (ii) 
       each type of transaction; (iii) 
       each date; and (iv) each place 
       where transactions have been 
       conducted 
---  ------------------------------------------------------- 
 a)   Description of            Common shares of US$0.001 
       the financial             each 
       instrument, type 
       of instrument 
                                 USU743121142 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Exercise of options 
       transaction 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  ---------- 
                                   $0.03883   690,000 
                                  ---------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   19 December 2017 
---  ------------------------  ----------------------------- 
 f)   Place of the              LONDON STOCK EXCHANGE (XLON) 
       transaction 
---  ------------------------  ----------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 21, 2017 09:59 ET (14:59 GMT)