Photonstar LED Group PLC Issue of Equity (0445L)
16 Avril 2018 - 1:15PM
UK Regulatory
TIDMPSL
RNS Number : 0445L
Photonstar LED Group PLC
16 April 2018
16 April 2018
PhotonStar LED Group Plc
Issue of Equity
PhotonStar LED Group Plc (AIM: PSL, "PhotonStar" or "the
Company"), the British designer and manufacturer of intelligent
lighting and building control solutions announces that the Company
has issued a total of 71,729,580 new ordinary shares of 0.01p
("Ordinary Shares") each in the Company to professional advisers in
lieu of fees, two directors of the Company in lieu of salaries and
to certain subscribers for cash at a price of 0.15p (together the
"New Ordinary Shares"), as summarised below.
Firstly, a total of 51,350,000 New Ordinary Shares will be
issued to certain of the Company's professional advisers and
consultants in lieu of advisory and consultancy work undertaken
recently.
In addition, a total of 16,346,246 New Ordinary Shares will be
issued to James McKenzie, the Company's CEO and Jonathan Freeman,
the Company's Chairman in lieu of unpaid salaries over the course
of the past 12 months, as per the table below:
Director Number of New Beneficial Percentage of
Ordinary Shares shareholding Ordinary Shares
to be issued following held following
issue of the issues of
New Ordinary New Ordinary
Shares Shares
James McKenzie 3,333,333 34,841,953* 6.0%
Jonathan Freeman 13,012,913 13,659,661 2.3%
*Figures include ordinary shares held by Mrs F McKenzie
Finally, following PhotonStar's recent placing as announced on
27 February 2018, which was undertaken at 0.15p per Ordinary Share,
the Company has received additional cash subscriptions from
employees of the Company for a total of 4,033,333 New Ordinary
Shares.
Admission
Application will be made for the 71,729,580 New Ordinary Shares,
which will rank pari passu with the existing Ordinary Shares, to be
admitted to trading on AIM ("Admission"). Admission is expected to
occur at 8.00 a.m. on 20 April 2018.
Following Admission, the total number of voting rights in the
Company will be 583,554,467 Ordinary Shares. This number may be
used by shareholders 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 Company under
the FCA's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information:
PhotonStar LED Group Plc (www.photonstarled.com) +44 (0)2381
James McKenzie - Group Chief Executive 230381
Northland Capital Partners
David Hignell/Tom Price/Jamie Spotswood
(Corporate Finance) +44 (0)20
John Howes/Rob Rees (Corporate Broking) 3861 6625
Peterhouse Corporate Finance Limited +44 (0)20
Duncan Vasey/ Fungai Ndoro 7469 0930
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(TM) is a
scalable, secure wireless IoT platform for retrofit into commercial
buildings, for energy reduction, asset monitoring & control,
and real time environmental, behavioural and energy insights.
PhotonStar is based in Romsey, Hampshire.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Names James McKenzie
--- ----------------------- ------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chief Executive
--- ----------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ----------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name PhotonStar LED Group plc
--- ----------------------- ------------------------------
b) LEI 213800G3OS3SA2J1Y358
--- ----------------------- ------------------------------
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 Ordinary Shares of 0.01p each
of the financial in PhotonStar LED Group plc
instrument, ("Ordinary Shares")
type of instrument
--- ----------------------- ------------------------------
b) Identification GB00B1TK2453
code
--- ----------------------- ------------------------------
c) Nature of the Issue of Shares
transaction
--- ----------------------- ------------------------------
d) Price and volumes Price - 0.15p
Volume: 3,333,333 Ordinary
Shares
--- ----------------------- ------------------------------
d) Aggregated information N/a
- Aggregated
volume
- Price
--- ----------------------- ------------------------------
e) Date of the 16 April 2018
transaction
--- ----------------------- ------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
--- ----------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Names Jonathan Freeman
--- ----------------------- ------------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Chairman
--- ----------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ----------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name PhotonStar LED Group plc
--- ----------------------- ------------------------------
b) LEI 213800G3OS3SA2J1Y358
--- ----------------------- ------------------------------
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 Ordinary Shares of 0.01p each
of the financial in PhotonStar LED Group plc
instrument, ("Ordinary Shares")
type of instrument
--- ----------------------- ------------------------------
b) Identification GB00B1TK2453
code
--- ----------------------- ------------------------------
c) Nature of the Issue of Shares
transaction
--- ----------------------- ------------------------------
d) Price and volumes Price - 0.15p
Volume: 13,659,661 Ordinary
Shares
--- ----------------------- ------------------------------
d) Aggregated information N/a
- Aggregated
volume
- Price
--- ----------------------- ------------------------------
e) Date of the 16 April 2018
transaction
--- ----------------------- ------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market
--- ----------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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