ProPhotonix Limited Grant of Options (2006H)
06 June 2017 - 4:00PM
UK Regulatory
TIDMPPIX
RNS Number : 2006H
ProPhotonix Limited
06 June 2017
June 6(th) , 2017
ProPhotonix Limited
("ProPhotonix" or "the Company")
Grant of Options
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 on June 5(th) the
Company granted, in aggregate, 12,870,000 options over common
shares under its 2014 Stock Incentive Plan, of which 10,795,000
have been granted to the following directors and PDMRs:
Grantee Position Maximum Exercise
Price
------------------ ---------- ---------- ---------
Tim Losik CEO 5,250,000 $0.2385
------------------ ---------- ---------- ---------
Philip Feeley CFO 420,000 $0.2385
------------------ ---------- ---------- ---------
Jeremy Lane PDMR 1,575,000 $0.2385
------------------ ---------- ---------- ---------
Simon Stanley PDMR 1,575,000 $0.2385
------------------ ---------- ---------- ---------
David McGuinness PDMR 1,575,000 $0.2385
------------------ ---------- ---------- ---------
Tina Lea PDMR 200,000 $0.2385
------------------ ---------- ---------- ---------
Kevin Lee PDMR 200,000 $0.2385
------------------ ---------- ---------- ---------
The option plan, for senior management, is based upon the
achievement of certain results in the growth of the Company's
"EBITDA", defined as earnings before interest, taxes, depreciation,
amortization, stock-based compensation and impairment charges. The
plan performance is measured annually and over the three-year
period ending December 31, 2019 with vesting at various levels
based on performance; vesting levels range from zero to the maximum
as shown in the table above.
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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