Admission to AIM (5626Y)
December 24 2010 - 1:00AM
UK Regulatory
TIDMPSL
RNS Number : 5626Y
Photonstar LED Group PLC
24 December 2010
PhotonStar LED Group PLC (formerly Enfis Group plc)
('the Group')
Admission to AIM
PhotonStar LED Group PLC (formerly known as Enfis Group plc) is
pleased to announce that at the General Meeting held yesterday, all
resolutions were duly passed. Accordingly, trading in its Ordinary
Shares has commenced on AIM today, following the reverse takeover
of PhotonStar LED Ltd. The Group's LED Lighting Fixtures business
is carried on by PhotonStar LED Ltd ("PhotonStar") and its LED
Light Engines business including Enfis light engines is carried on
by Photonstar Technology Limited.
PhotonStar is a UK based designer and manufacturer of efficient,
sustainable LED lighting fixtures. PhotonStar's LED lighting
products have won a number of industry awards for innovation and
design. Its 'Smart' range LED fixtures allow greater levels of
energy efficiency to be achieved by end users through a combination
of light source efficiency and control.
Photonstar Technology Limited specialises in the design and
development of intelligent high power LED arrays and light engines
Its light engines combine high power LED arrays with efficient,
intelligent electronics and effective thermal management. Customers
use its arrays and light engines for demanding applications within
sectors such as film and TV production and other entertainment
lighting and ultra-violet curing applications such as epoxies and
printing inks. PhotonStar intends to drive development of a range
of highly integrated light engines and controls for use in general
illumination based on a combination of its technology and Enfis
array products.
As announced on 30 November 2010, the Group has raised
approximately GBP2.0 million (gross) pursuant to a placing of
19,799,790 new ordinary shares of 10 pence each ("the Placing
Shares") at 10 pence each per share. The Placing Shares represent
approximately 23% of the Group's enlarged share capital of
86,386,503 ordinary shares of 10 pence each which will trade under
the ticker PSL.L. The Group's ISIN is GB00B1TK2453.
The net proceeds of the placing will be used, inter alia, to
fund the costs of integration of the Group's businesses product
development and working capital for expansion.
Further information is available on the Company's website:
www.photonstarled.com.
Enquiries:
PhotonStar LED Group PLC Tel: 02381 230 381
James McKenzie - Chief Executive Officer Tel: 01792 485 663
Ceri Jones - Chief Financial Officer
finnCap Limited Tel: 020 7600 1658
Geoff Nash/ Charlotte Stranner - Corporate
Finance
Brian Patient - Corporate Broking
This information is provided by RNS
The company news service from the London Stock Exchange
END
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