ProPhotonix Limited Share Trading Lines (1802N)
14 May 2015 - 8:00PM
UK Regulatory
TIDMPPIX TIDMPPIR
RNS Number : 1802N
ProPhotonix Limited
14 May 2015
May 14, 2015
ProPhotonix Limited
("ProPhotonix" or the "Company")
ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR,
OTC: STKR), a designer and manufacturer of LED illumination systems
and laser diode modules with operations in Ireland and the United
Kingdom, today announces the upcoming consolidation of the
Company's two existing registers for its shares that are admitted
to trading on the AIM market operated by the London Stock Exchange
plc ("AIM") into a single register under the PPIX trading code.
With effect from close of trading on May 29, 2015, the PPIR trading
line (ISIN USU743121068)will be cancelled and the Company will
transfer 16,116,162 common shares from the PPIR line to the PPIX
line (the "Transfer"). All AIM trading after this date will be
under the Company's depositary interest (DI) line PPIX (ISIN
US7434651060).
Currently, ProPhotonix shares trade on three lines, one on the
OTC Pink marketplace operated by the OTC Markets Group in the
United States of America (STKR) and two on AIM. All outstanding
shares have identical voting rights. The AIM lines are organized as
follows: (i) PPIX, unrestricted shares eligible for settlement
through CREST as DIs; and (ii) PPIR, shares issued in accordance
with Regulation S under the U.S. Securities Act of 1933, as
amended, which are held and settled in certificated form.
The purpose of this change is to improve the liquidity of
ProPhotonix' AIM listed shares and increase the transparency around
ProPhotonix' share capital, total voting rights and market
capitalization in order to provide shareholders with clarification
of ProPhotonix' position in the market. All shareholders who are
currently registered on the PPIR restricted register will receive
instructions to transfer their PPIR shares to either the U.S. stock
register or the PPIX line of trading.
The Company's web site also has instructions for PPIR
shareholders to transition their shares to either the U.S. stock
register or the PPIX trading line and for PPIX shareholders to
replace their paper certificates with shares in electronic
form.
The Company has today applied for the admission to trading of
196,024 new common shares ("New Shares") onto the PPIX line
following the exercise of options by employees in 2011 and 2012.
Application has been made for the New Shares to be admitted to
trading on AIM and admission is expected to occur at 8am on 20 May
2015.
Following the admission of the New Shares, the Company's issued
voting share capital will be comprised of 83,665,402 common shares,
and each common share carries the right to one vote. These shares
will trade on AIM under PPIX and trade over-the-counter in the
United States of America under STKR.
For further information, visit the Company web site at
www.prophotonix.com/investors/
Enquiries:
ProPhotonix Limited Tel: +1 603 893 8778
Tim Losik, President and CEO ir@prophotonix.com
N+1 Singer Tel: +44 (0) 207 496
Ben Wright, Richard Salmond 3000
Nominated Adviser and Broker
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 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
###########
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGGUBCAUPAUBC
Prophotonix S (LSE:PPIR)
Historical Stock Chart
From Oct 2024 to Nov 2024
Prophotonix S (LSE:PPIR)
Historical Stock Chart
From Nov 2023 to Nov 2024
