11 Apr 2013 07:00
11 April 2013
PhotonStar LED Group Plc
Issue of Equity
PhotonStar LED Group plc (AIM: PSL, "PhotonStar" or "the Group"), the British designer and manufacturer of smart LED lighting solutions, announces the issue and allotment of 525,000 new ordinary shares of 10 pence each ("Ordinary Shares") in respect of the share element of the deferred consideration due to the vendors of Camtronics Vale Limited.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 16 April 2013. Following Admission, the Company will have 112,368,544 Ordinary Shares in issue. The total number of voting rights will therefore be 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 | +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.