SOURCE: ProPhotonix Limited

December 21, 2017 10:34 ET

ProPhotonix Director/PDMR Shareholding

SALEM, NH--(Marketwired - Dec 21, 2017) - ProPhotonix Limited (OTC: STKR) (AIM: PPIX)

OTC: STKR; AIM: PPIX

ProPhotonix Announces Director/PDMR Dealings and Issue of Equity

(Salem, New Hampshire, December 21, 2017) ProPhotonix Limited (OTC: STKR and London Stock Exchange - 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 690,000 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
 
 Exercise price
  Enlarged shareholding   Percentage of enlarged share
capital
David McGuinness   Sales Director   690,000   $0.03883   696,000   0.75%
                     

Following Admission, the Company's issued share capital will comprise 92,565,402 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 92,565,402. 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.

Contacts:

ProPhotonix Limited
Tim Losik, President & CEO
  Tel: +1 603 893 8778
ir@prophotonix.com
     
Cantor Fitzgerald Europe
(Nominated Adviser and Broker)
Andrew Craig
Richard Salmond
  Tel: +44 (0)207 894 7000
     

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.

     
1   Details of the person discharging managerial responsibilities / person closely associated
a)   Name   David McGuinness
2   Reason for the notification
a)   Position/status   PDMR
b)   Initial notification /Amendment   INITITAL NOTIFICATION
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)   Name   PROPHOTONIX LIMITED
b)   LEI   213800HRNS6E2XP4A909
4   Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)   Description of the financial instrument, type of instrument Identification code   Common shares of US$0.001 each
USU743121142
b)   Nature of the transaction   Exercise of options
c)   Price(s) and volume(s)

   
Price(s) Volume(s)
$0.03883 690,000
 
d)   Aggregated information
 - Aggregated volume
- Price
  N/A
e)   Date of the transaction   19 December 2017
f)   Place of the transaction   LONDON STOCK EXCHANGE (XLON)
         

Contact Information