ProPhotonix Limited ProPhotonix AGM Results May 2017 (5886F)
19 May 2017 - 4:00PM
UK Regulatory
TIDMPPIX
RNS Number : 5886F
ProPhotonix Limited
19 May 2017
May 19, 2017
ProPhotonix Limited
("ProPhotonix" or "the Company")
Result of AGM and Issue of Equity to Directors
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 yesterday:
-- All matters put before the shareholders were duly passed; &
-- Under the new and amended Director Compensation policy, the
following fully vested Common Shares were issued to each of the
Company's non-executive directors, in accordance with the terms of
their service contracts. As such, ProPhototonix announces that
application has been made for in aggregate 300,000 new common
shares of $0.001 in the Company ("New Shares") to be admitted to
trading on AIM ("Admission") following the issue of these fully
vested shares as listed below:
Enlarged Percentage
Position New Shares shareholding of enlarged
share
capital
------------------ ------------ ------------ ---------------------- -------------------------
Ray Oglethorpe Chairman 75,000 660,567 0.73%
------------------ ------------ ------------ ---------------------- -------------------------
Tim Steel NED 75,000 1,128,000 1.25%
------------------ ------------ ------------ ---------------------- -------------------------
Vincent Thompson NED 75,000 426,450 0.86%
------------------ ------------ ------------ ---------------------- -------------------------
Mark Weidman NED 75,000 775,000 0.47%
------------------ ------------ ------------ ---------------------- -------------------------
It is expected that Admission will become effective and that
dealings in the New Shares will commence on 22 May 2017.
Following Admission, the Company's issued share capital will
comprise 90,825,402 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
90,825,402. 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: +1 603 893 8778
Tim Losik, President and CEO ir@prophotonix.com
Stockdale Securities Limited Tel: +44 (0) 20 7601
Tom Griffiths and David Coaten 6100
Nominated Adviser and Broker
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
######
This information is provided by RNS
The company news service from the London Stock Exchange
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