25 Jul 2016 10:51
25 July 2016
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 that it has approved the allotment and issue of 230,857 ordinary shares of 1p each ("Ordinary Shares") at a price of 2.625p per share (the "New Ordinary Shares") in settlement of outstanding remuneration to Philip Marshall, a former Non-Executive Director of the Company.
Application has been made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 28 July 2016 ("Admission").
Following Admission the Company will have 187,958,220 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 187,958,220. 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 to their interest in, the share capital of the Company.
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About PhotonStar LED Group Plc
PhotonStar LED Group Plc is a leading British designer and manufacturer of intelligent lighting & building control solutions. The Group's proprietary technology Halcyon™ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and real time environmental, behavioral and energy insights.
PhotonStar is based in Romsey, Hampshire with a manufacturing facility in Wales.