ProPhotonix Limited Result of AGM and Director / PDMR Shareholdings (6968E)

TIDMPPIX

RNS Number : 6968E

ProPhotonix Limited

09 November 2020

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

November 9, 2020

ProPhotonix Limited

("ProPhotonix" or the "Group")

Result of AGM

and Director / PDMR Shareholdings

ProPhotonix Limited, (London Stock Exchange - (AIM: PPIX, 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 at its Annual General Meeting held today all matters put before the shareholders were duly passed.

Under the director compensation policy, the following fully vested common shares of $0.001 each ("Common Shares") were issued to each of the Company's non-executive directors, in accordance with the terms of their service contracts. As such, ProPhotonix announces that application has been made for in aggregate 150,000 Common Shares to be admitted to trading on AIM ("Admission") following the issue of these fully vested shares as listed below:

 
                                                    Enlarged shareholding                 Percentage 
                        Position    New Shares                                           of enlarged 
                                                                                               share 
                                                                                             capital 
------------------  ------------  ------------  -------------------------  ------------------------- 
 Ray Oglethorpe      Chairman           75,000                    885,567                      0.87% 
 Vincent Thompson    NED                75,000                    651,450                      0.62% 
 

Following Admission, the Company's issued share capital will comprise 93,300,402 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 93,300,402. 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 and CEO           Email:  [e-mail] 
 
WH Ireland Limited 
 (Nominated Adviser and Broker) 
 Katy Mitchell                     Tel: [phone] 
 Matthew Chan 
 

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, 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                   Ray Oglethorpe 
     ---------------------  ----------------------------- 
 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            Common shares of US$0.001 
       of the financial       each 
       instrument, 
       type of instrument 
                              USU743121142 
       Identification 
       code 
     ---------------------  ----------------------------- 
 b)   Nature of              Vesting of options 
       the transaction 
     ---------------------  ----------------------------- 
 c)   Price(s)                 Price(s)    Volume(s) 
       and volume(s)            n/a         75,000 
                                           ---------- 
     ---------------------  ----------------------------- 
 d)   Aggregated             N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------- 
 e)   Date of the            9 November 2020 
       transaction 
     ---------------------  ----------------------------- 
 f)   Place of               LONDON STOCK EXCHANGE (XLON) 
       the transaction 
     ---------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
     ---------------------------------------------------- 
 a)   Name                   Vincent Thompson 
     ---------------------  ----------------------------- 
 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            Common shares of US$0.001 
       of the financial       each 
       instrument, 
       type of instrument 
 
       Identification         USU743121142 
       code 
     ---------------------  ----------------------------- 
 b)   Nature of              Vesting of options 
       the transaction 
     ---------------------  ----------------------------- 
 c)   Price(s)                 Price(s)    Volume(s) 
       and volume(s)            n/a         75,000 
                                           ---------- 
     ---------------------  ----------------------------- 
 d)   Aggregated             N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------- 
 e)   Date of the            9 November 2020 
       transaction 
     ---------------------  ----------------------------- 
 f)   Place of               LONDON STOCK EXCHANGE (XLON) 
       the transaction 
     ---------------------  ----------------------------- 
 

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November 09, 2020 11:45 ET (16:45 GMT)