24 May 2019 07:00
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
May 24, 2019
ProPhotonix Limited
("ProPhotonix" or the "Company")
Director / PDMR Shareholding
ProPhotonix Limited (London Stock Exchange - AIM: PPIX, OTC: STKR), a high technology designer and manufacturer of LED illumination systems was notified on May 23, 2019 that Tim Losik, the Company's President and CEO, purchased 2,000,000 common shares of $0.001 in the Company ("Common Shares") on May 23, 2019, at a price of $0.0349 (£0.0274) per share. Following this purchase his beneficial holding amounts to 14,588,137 Common Shares representing 15.66 per cent of Common Shares in issue.
Enquiries: ProPhotonix Limited Tim Losik, President and CEO |
Tel: +1 603 893 8778 ir@prophotonix.com |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) Richard Salmond David Foreman | Tel: +44 (0)207 894 7000 |
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is a high technology 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 Ushio, Osram, QSI, Panasonic, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, security, 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.
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Timothy Losik | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO and President | ||||
b)
| Initial notification /Amendment
| INITITAL NOTIFICATION | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| PROPHOTONIX LIMITED | ||||
b)
| LEI
| 213800HRNS6E2XP4A909 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||
a)
| Description of the financial instrument, type of instrument
Identification code
| Common shares of US$0.001 each
US7434651060 | ||||
b)
| Nature of the transaction
| Share purchase | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price
|
| ||||
e)
| Date of the transaction
| 23 May 2019 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE (XLON) | ||||