ProPhotonix Ltd


LED and photonics technology manufacturer ProPhotonix Ltd joined Aim on 23 December 2010. It raised 825,000 (240,000 after expenses) via a placing at 20p a share but the total share issue was worth 1.6m because $1.27m of debt was converted into shares at the placing price. The market capitalisation at the placing price was 10.5m. A range of 5m-10m was put on the fundraising in August 2010. ProPhotonix manufactures LED arrays and engines in Cork, Ireland and laser diodes in the UK.

Sector: Cleantech

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