25 Jul 2013 11:30
25 July 2013
ProPhotonix Limited
("ProPhotonix" or the "Company")
Grant of Options and Result of Annual General Meeting
ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK) announces that at its Annual General Meeting held on 24 July 2013, all resolutions were duly passed. In addition, the following share options were granted over Common Shares, under the 2007 Stock Incentive Plan, to non executive directors in line with their service contracts.
Name No. of options Exercise Price
R Oglethorpe 700,000 $0.0246
T Steel 700,000 $0.0246
M Weidman 700,000 $0.0246
V Thompson 700,000 $0.0246
These options have an expiry date of 24 July 2023 and vest over a 2 year period at 50 per cent per annum.
Appointment of Mark Weidman
As previously announced on 26 June 2013 and following the passing of the resolutions, the Board is pleased to confirm the appointment of Mark Weidman as a Non-Executive Director. With regard to his appointment the following disclosures are required under AIM Rule 17.
Mr Mark Alan Weidman, aged 56, is or has been a Director of the following companies during the previous five years:
Current Directorships
Liberty Lane West Owners' Association
NH/VT Energy Recovery Corporation
PPP Corporation (fka Pullman Power Products Corporation)
Resco Holdings L.L.C.
SES Bridgeport L.L.C.
Shanghai Environment Group Company Limited
Swire Waste Management Limited
Waste to Energy Holdings, Inc.
Waste to Energy I, LLC
Waste to Energy II, LLC
WESI Baltimore Inc.
WESI Capital Inc
WESI Peekskill Inc.
WESI Westchester Inc.
Wheelabrator Baltimore L.L.C.
Wheelabrator Cedar Creek inc
Wheelabrator Chambers Inc
Wheelabrator China Holdings, Limited
Wheelabrator Claremont Inc.
Wheelabrator Concord Inc
Wheelabrator Connecticut Inc
Wheelabrator Culm Services Inc.
Wheelabrator Environmental Systmes Inc
Wheelabrator Environmental Technologies Consulting (Shanghai) Co., Ltd.
Wheelabrator Falls inc
Wheelabrator Frackville Energy Company Inc.
Wheelabrator Frackville Properties Inc.
Wheelabrator Frederick Inc.
Wheelabrator Fuel Services Inc.
Wheelabrator Gloucester Inc.
Wheelabrator Guam Inc.
Wheelabrator Hudson Energy Company Inc
Wheelabrator Hudson Falls L.L.C.
Wheelabrator Lassen Inc
Wheelabrator Lisbon Inc
Wheelabrator Martell Inc.
Wheelabrator Mckay Bay Inc
Wheelabrator Millbury Inc
Wheelabrator New Hampshire Inc
Wheelabrator New Jersey Inc.
Wheelabrator NHC Inc
Wheelabrator North Andover Inc
Wheelabrator North Broward Inc
Wheelabrator Norwalk Energy Company Inc
Wheelabrator Penacook Inc
Wheelabrator Pinellas Inc
Wheelabrator Portsmouth Inc.
Wheelabrator Putnam inc
Wheelabrator Ridge Energy Inc
Wheelabrator Saugus Inc
Wheelabrator Shasta Energy Company Inc
Wheelabrator Sherman Station L.L.C.
Wheelabrator Sherman Station One Inc.
Wheelabrator South Broward Inc
Wheelabrator Spokane Inc
Wheelabrator Technologies Inc
Wheelabrator Technologies International Inc.
WTI Air Pollution Control Inc
WTI Financial L.L.C.
WTI International Holdings Inc.
WTI Rust Holdings Inc
WTI UK Fin Co Ltd
WTI UK Ltd
WTI/EFW Holdings Ltd
WTI/Willows Construction Ltd
No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules with respect to Mark Weidman.
Enquiries:
ProPhotonix Limited Tel: +1 603 870 8220
Tim Losik, President & CEO ir@prophotonix.com
N+1 Singer
Andrew Craig/ Ben Wright Tel: +44 (0)207 496 3000
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Oclaro, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, 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.
ENDS