TIDMPSL

RNS Number : 1969Z

Photonstar LED Group PLC

30 August 2018

30 August 2018

PhotonStar LED Group Plc

Warrant Exercise & 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 28,666,667 new ordinary shares of 0.01p ("Ordinary Shares") in the Company following the exercise of warrants at a price of 0.15p (the "New Ordinary Shares").

Admission

Application will be made for the 28,666,667 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 4 September 2018.

Following Admission, the total number of voting rights in the Company will be 762,221,134 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 
  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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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