ProPhotonix Limited Grant of Options and Result of AGM (1444K)

TIDMPPIR TIDMPPIX

RNS Number : 1444K

ProPhotonix Limited

25 July 2013

25 July 2013

ProPhotonix Limited

("ProPhotonix" or the "Company")

Grant of Options and Result of Annual General Meeting

ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK) announces that at its Annual General Meeting held on 24 July 2013, all resolutions were duly passed. In addition, the following share options were granted over Common Shares, under the 2007 Stock Incentive Plan, to non executive directors in line with their service contracts.

   Name                                    No. of options                   Exercise Price 
   R Oglethorpe                     700,000                                 $0.0246 
   T Steel                                  700,000                                 $0.0246 
   M Weidman                       700,000                                 $0.0246 
   V Thompson                      700,000                                 $0.0246 

These options have an expiry date of 24 July 2023 and vest over a 2 year period at 50 per cent per annum.

Appointment of Mark Weidman

As previously announced on 26 June 2013 and following the passing of the resolutions, the Board is pleased to confirm the appointment of Mark Weidman as a Non-Executive Director. With regard to his appointment the following disclosures are required under AIM Rule 17.

Mr Mark Alan Weidman, aged 56, is or has been a Director of the following companies during the previous five years:

Current Directorships

Liberty Lane West Owners' Association

NH/VT Energy Recovery Corporation

PPP Corporation (fka Pullman Power Products Corporation)

Resco Holdings L.L.C.

SES Bridgeport L.L.C.

Shanghai Environment Group Company Limited

Swire Waste Management Limited

Waste to Energy Holdings, Inc.

Waste to Energy I, LLC

Waste to Energy II, LLC

WESI Baltimore Inc.

WESI Capital Inc

WESI Peekskill Inc.

WESI Westchester Inc.

Wheelabrator Baltimore L.L.C.

Wheelabrator Cedar Creek inc

Wheelabrator Chambers Inc

Wheelabrator China Holdings, Limited

Wheelabrator Claremont Inc.

Wheelabrator Concord Inc

Wheelabrator Connecticut Inc

Wheelabrator Culm Services Inc.

Wheelabrator Environmental Systmes Inc

Wheelabrator Environmental Technologies Consulting (Shanghai) Co., Ltd.

Wheelabrator Falls inc

Wheelabrator Frackville Energy Company Inc.

Wheelabrator Frackville Properties Inc.

Wheelabrator Frederick Inc.

Wheelabrator Fuel Services Inc.

Wheelabrator Gloucester Inc.

Wheelabrator Guam Inc.

Wheelabrator Hudson Energy Company Inc

Wheelabrator Hudson Falls L.L.C.

Wheelabrator Lassen Inc

Wheelabrator Lisbon Inc

Wheelabrator Martell Inc.

Wheelabrator Mckay Bay Inc

Wheelabrator Millbury Inc

Wheelabrator New Hampshire Inc

Wheelabrator New Jersey Inc.

Wheelabrator NHC Inc

Wheelabrator North Andover Inc

Wheelabrator North Broward Inc

Wheelabrator Norwalk Energy Company Inc

Wheelabrator Penacook Inc

Wheelabrator Pinellas Inc

Wheelabrator Portsmouth Inc.

Wheelabrator Putnam inc

Wheelabrator Ridge Energy Inc

Wheelabrator Saugus Inc

Wheelabrator Shasta Energy Company Inc

Wheelabrator Sherman Station L.L.C.

Wheelabrator Sherman Station One Inc.

Wheelabrator South Broward Inc

Wheelabrator Spokane Inc

Wheelabrator Technologies Inc

Wheelabrator Technologies International Inc.

WTI Air Pollution Control Inc

WTI Financial L.L.C.

WTI International Holdings Inc.

WTI Rust Holdings Inc

WTI UK Fin Co Ltd

WTI UK Ltd

WTI/EFW Holdings Ltd

WTI/Willows Construction Ltd

No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules with respect to Mark Weidman.

Enquiries:

   ProPhotonix Limited                                      Tel: [phone] 
   Tim Losik, President & CEO                         [e-mail] 

N+1 Singer

   Andrew Craig/ Ben Wright          Tel: [phone] 

About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent 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 Oclaro, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, 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.

ENDS

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