26 Mar 2012 07:00
26 March 2012
ProPhotonix Limited
("ProPhotonix" or "the Company")
Grant of Options
The Board of ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED light engines and laser diode modules with operations in Ireland and the U.K., announces that on 23 March 2012, under the 2007 Stock Incentive Plan, it has approved the grant of 1,500,000 options over Ordinary Shares of $0.001 each in the Company.
The following option grants to Directors were made:
Director | Options granted |
Mark W. Blodgett | 1,000,000 |
Tim Losik | 500,000 |
The options are exercisable (in whole or in part) at any time up to 21 March 2022 and are exercisable at a price of $0.107 per Ordinary Share. The options vest annually over four years.
Enquiries:
ProPhotonix Limited Mark W. Blodgett, CEO
| Tel: +44 (0)12 7971 7170
|
N+1 Brewin (NOMAD and Joint Broker) Andrew Craig/Ben Wright
| Tel: +44 (0) 203 201 3710 |
XCAP Securities plc (Joint Broker) Jon Belliss | Tel: +44 (0) 207 101 7070
|
Cubitt Consulting Chris Lane/Madeline Douglas | Tel: +44 (0) 20 7367 5100
|
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 Opnext, QSI, Ondax, Sanyo 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, and the United Kingdom. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.
Prophotonix (PPIR)
PPIX.L (PPIX)