30 Jun 2011 15:30
30 June 2011
PhotonStar LED Group plc
Delay in publication of accounts
PhotonStar LED Group PLC (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, announces that due to the acquisition of Camtronics Vale Limited in May and subsequent integration process, the publication of the Group's audited accounts has been delayed. They have not yet been sent to shareholders.
This delay will result in a suspension in trading of PhotonStar's shares from 3.30pm on 30 June 2011, under Rule 19 of the AIM Rules.
The integration of Camtronics Vale is going well and the Group's overall trading remains in line with the Board's expectations.
The audited accounts are expected to be published in mid July. The accounts are not expected to contain any material adjustment from the preliminary results published on 21 March 2011.
It is anticipated that trading in the Group's shares will recommence as soon as the accounts to 31 December 2010 have been sent to shareholders.
A further announcement will be made in due course.
Enquiries:
PhotonStar LED Group plc |
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James McKenzie - Chief Executive Officer | +44 2381 230 381 |
Ceri Jones - Chief Financial Officer | +44 1792 485 663 |
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FinnCap | +44 20 7600 1658 |
Geoff Nash/ Charlotte Stranner - Corporate Finance Brian Patient - Corporate Broking |
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College Hill |
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Adrian Duffield/Jon Davies | +44 20 7457 2020 |
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 Company'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: PhotonStar LED 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 PhotonStar Technology 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 Swansea. The Company was admitted to AIM in December 2010 following the reverse takeover of AIM-listed Enfis Group.