ProPhotonix Issues Director / PDMR Shareholding Notice
SALEM, NH / ACCESSWIRE / May 24, 2019 / ProPhotonix Limited (OTC Pink: STKR and London Stock Exchange – AIM: PPIX), 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 percent of Common Shares in issue.
Contact:
ProPhotonix Limited
Tim Losik, President and CEO
Tel: +1 603 893 8778
Cantor Fitzgerald Europe
(Nominated Adviser and Broker)
Richard Salmond
David Foreman
Tel: +44 (0)207 894 7000
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.
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)
Price(s)
Volume(s)
0.0274
0.0274
1,000,000
1,000,000
d)
Aggregated information
– Aggregated volume
– Price
Price(s)
Volume(s)
0.0274
2,000,000
e)
Date of the transaction
23 May 2019
f)
Place of the transaction
LONDON STOCK EXCHANGE (XLON)
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SOURCE: ProPhotonix Limited
ReleaseID: 546462