PPIX Prophotonix Limited

TIDMPPIX

RNS Number : 6020S

ProPhotonix Limited

17 November 2021

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

November 17, 2021

ProPhotonix Limited

("ProPhotonix" or the "Company")

POSTING OF NOTICE OF SPECIAL SHAREHOLDER MEETING

ProPhotonix Limited (London Stock Exchange - AIM: PPIX, OTC: STKR), a high technology designer and manufacturer of LED illumination systems and laser diode modules, with operations in Ireland and the United Kingdom, announces that its Notice of Special Shareholder Meeting ("SSM") to approve the proposed acquisition by Exaktera, LLC and the cancellation of its common stock from trading on AIM has been posted to stockholders today and is available on the Company's website.

The Company's SSM will be held on December 15, 2021 at 11:30 a.m. Eastern Time (U.S.) at the offices of Nutter, McClennen & Fish LLP, 155 Seaport Boulevard, Boston, Massachusetts, 02210, United States . Only stockholders of record at the close of business on November 11, 2021 are entitled to notice of, and to vote at, the SSM.

The Notice of the SSM can be viewed and downloaded from the Company's website at www.prophotonix.com and further details of the transaction are set out in the announcement of 11 November 2021.

The confirmed timetable of events s as follows:

Expected Timetable of Principal Events

 
                Event                         Time and/or Date 
 Execution of Merger Agreement                10 November 2021 
                                      ------------------------------- 
 Last time for lodging the Form        11:30 a.m. Eastern Time (U.S.) 
  of Direction                               on 10 December 2021 
                                      ------------------------------- 
 Record Date for determining                  11 November 2021 
  the Stockholders entitled to 
  vote at and receive notice of 
  the Stockholders Meeting 
                                      ------------------------------- 
 Last time for lodging the Form        11:30 a.m. Eastern Time (U.S.) 
  of Proxy                                   on 13 December 2021 
                                      ------------------------------- 
 Last time for lodging the Form        11:30 a.m. Eastern Time (U.S.) 
  of Declarations                            on 13 December 2021 
                                      ------------------------------- 
 Stockholders Meeting of Company       11:30 a.m. Eastern Time (U.S.) 
                                             on 15 December 2021 
                                      ------------------------------- 
 Distribution of the Proxy Statement          16 November 2021 
  and Notice of Stockholders Meeting 
                                      ------------------------------- 
 Last day of dealing in Company              16 December 2021* 
  Common Stock on AIM 
                                      ------------------------------- 
 Closing of the Acquisition                  16 December 2021* 
                                      ------------------------------- 
 Payment of Acquisition Price                16 December 2021* 
  to Stockholders commences** 
                                      ------------------------------- 
 Termination of the Depository          7:00 a.m. London Time on 17 
  Interest Register                             December 2021 
                                      ------------------------------- 
 Date of Cancellation                   7:00 a.m. London time on 17 
                                               December 2021* 
                                      ------------------------------- 
 

*Subject to satisfaction or waiver of other conditions to closing as provided for in the Merger Agreement.

Enquiries:

ProPhotonix Limited

   Tim Losik                                                         President and CEO 

Tel: +1 603 893 8778

Email: ir@prophotonix.xom

WH Ireland

               Katy Mitchell                                                    Nominated Adviser and Broker 
               Ben Good                                                        Tel: +44 (0) 20 7220 1666 

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, UV curing, 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 .

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November 17, 2021 02:00 ET (07:00 GMT)

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