ProPhotonix Limited ProPhotonix Reports Holding(s) in Company 9/2017 (8924P)
06 September 2017 - 4:00PM
UK Regulatory
TIDMPPIX
RNS Number : 8924P
ProPhotonix Limited
06 September 2017
September 6, 2017
ProPhotonix Limited
("ProPhotonix" or the "Company")
Holding(s) in Company
ProPhotonix Limited (London Stock Exchange - AIM: PPIX &
PPIR, 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 recent changes in the
Company's significant shareholders. On August 31, 2017, the 600
Group PLC ("600 Group") sold its entire interest of 22,042,143
common shares in the Company ("Common Shares"), representing
approximately 24.3% of ProPhotonix's issued share capital.
In connection with the above sale, the following investors each
acquired shares in the Company and holds more than 3% of the
Company's issued share capital:
Number Percentage
Beneficial of Common of Voting
Owner Shares Rights
------------------- ----------- -----------
Gresham House
Strategic
PLC 4,993,492 5.5%
Hargreave
Hale LTD 4,993,492 5.5%
Herald Investment
Management
Limited 4,993,492 5.5%
Miton Group
PLC 4,993,492 5.5%
The Company announced on August 21, 2017 the admission to
trading on AIM of the Restricted Stock Line, PPIR. The Restricted
Stock Line (as represented by Depository Interests) is held in the
CREST system and is segregated into a separate trading system
within CREST, identified with the marker "REGS" and ISIN
USU743121142. The Restricted Stock Line enables holders of the
shares, who are not United States Persons, to trade the shares
within the CREST system and to ensure the shares do not trade to a
United States Person, in accordance with Regulation S promulgated
under the US Securities Act 1933 as amended ("Securities Act")
during the distribution compliance period of one year from the date
of acquisition by the buyers in the Sale, and until the applicable
requirements of Rule 144 under the Securities Act are met. Neither
the Sale nor the Restricted Stock Line has increased the number of
issued and outstanding Common Shares, as all shares were already
issued and outstanding, and the number of Common Shares issued and
outstanding remains at 90,825,402.
Tim Losik, CEO and President of ProPhotonix stated, "We are
delighted with the interest shown in ProPhotonix by our four new
well regarded institutional shareholders. The strategy of the
Company has shifted from capital repositioning and debt repayment,
initiated in 2013, to investment for growth and the
institutionalization of our shareholder register demonstrates
strong support for this change in strategy."
Enquiries / Contacts
ProPhotonix Limited
Tim Losik, President and CEO Tel: +1 603 893 8778
ir@prophotonix.com
Stockdale Securities Limited
Tom Griffiths / David Coaten Tel: +44 (0) 20 7601 6100
Nominated Adviser and Broker
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 (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
END
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