SOURCE: ProPhotonix Limited

April 10, 2017 11:52 ET

ProPhotonix Announces Director/PDMR Dealings and Issue of Equity

SALEM, NH--(Marketwired - Apr 10, 2017) - ProPhotonix Limited (OTC PINK: STKR) (AIM: PPIX) , a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, announces that application has been made for in aggregate 5,785,000 new common shares of $0.001 in the Company ("New Shares") to be admitted to trading on AIM ("Admission") following the exercise of options and warrants as listed below:

   
Position
 
New Shares
  Enlarged
shareholding
  Percentage of
enlarged share
capital
Tim Losik   CEO   3,500,000   3,952,192   4.37%
Mark Hawtin   Investor   1,900,000   12,020,806   13.28%
Philip Feeley   CFO   375,000   403,503   0.46%
Tina Lea   FD   10,000   10,000   0.01%

It is expected that Admission will become effective and that dealings in the New Shares will commence on 13 April 2017.

Following Admission, the Company's issued share capital will comprise 90,525,402 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 90,525,402. 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.

Contact:  
   
ProPhotonix Limited ir@prophotonix.com
Tim Losik, President and CEO Tel: +1 603 893 8778
   
Stockdale Securities Limited Tel: +44 (0) 20 7601 6100
Tom Griffiths/David Coaten  
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 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.

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