28 May 2013 07:00
28 May 2013
PhotonStar LED Group Plc
Block Listing and Total Number of Voting Rights
Block Listing
PhotonStar LED Group plc (AIM: PSL, "PhotonStar", "the Company" or "the Group") the British designer and manufacturer of smart LED lighting solutions announces that application has been made to the London Stock Exchange Plc for admission to trading on AIM ("Admission") for a block listing of securities in respect of 2.5 million Ordinary Shares of 10 pence each ("Ordinary Shares").
The block admission relates to Ordinary Shares that will be issued from time to time in accordance with the exercise of options under the Group's Share Option Schemes and payment of non-executive directors for their services and will rank pari passu with the existing Shares in issue. It is anticipated that Admission will take place on 29 May 2013.
Total Voting Rights
On 29 October 2012 it was announced that pursuant to the exercise of options by two employees, 581,218 new Ordinary Shares had been issued and allotted. The issue of these shares was not allowable as the exercise price was lower than the nominal value of the Ordinary Shares and confirmation has been received from the Group's registrar that these shares have been removed from the Register of Members.
The Company therefore has 112,368,544 Ordinary Shares in issue. The total number of voting rights is therefore 112,368,544. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosures and Transparency Rules.
For further information:
PhotonStar LED Group PLC (www.photonstarled.com) | |
James McKenzie - Group Chief Executive Russell Banks - Group Chief Financial Officer | +44 (0)2381 230 381 |
finnCap | |
Geoff Nash/Charlotte Stranner (Corporate finance) Brian Patient (Corporate broking) | +44 (0)20 7220 0500 |
College Hill | |
Adrian Duffield/Rozi Morris | +44 (0)20 7457 2020 |
Note to editors:
About PhotonStar LED Group PLC
PhotonStar LED Group PLC ("PhotonStar" or the "Group") is a British designer and manufacturer of smart LED lighting solutions. The Group's proprietary technology seamlessly integrates LEDs, sensors and controls to provide intelligent lighting for commercial and architectural applications which benefit from greater CO2 reduction, lower cost of ownership & improved functionality compared to other available light sources. PhotonStar's lighting products have won numerous awards for performance, innovation and reliability, and are unique in the industry for the use of recycled, and recyclable materials, which means they have 90% less embodied CO2 than equivalent products providing the same levels of illumination.
PhotonStar comprises two divisions: LED Lighting Fixtures which works with lighting designers, architects, house builders, facilities management companies and sustainability consultants to provide intelligent, high-end LED lighting solutions for the commercial and architectural market, and LED Light Engines which provides LED lighting solutions for specialist applications such as film & television production lighting, UV curing and medical applications.
PhotonStar is based in Romsey, Hampshire with manufacturing in Wales. The Company was admitted to AIM in December 2010.