PhotonStar LED Group PLC (LON:PSL)

PhotonStar LED Group PLC (LON:PSL)


Share Price
0.01 p
Change
0.001 (8.00 %)
Market Cap
£0.72 m
Proactive Investors - Run By Investors For Investors

PhotonStar LED Group PLC RNS Release

Update on PhotonStar LED Limited


RNS Number : 9248H
Photonstar LED Group PLC
20 November 2018
 

20 November 2018

 

PhotonStar LED Group Plc

Update on PhotonStar LED Limited

PhotonStar LED Group Plc (AIM: PSL, the "Group"), announces that further to the announcement of 31 October 2018, on 19 November 2018 a meeting of shareholders and a virtual meeting of creditors of the Group's wholly owned subsidiary PhotonStar LED Limited ("PhotonStar LED") took place, at which PhotonStar LED was placed into liquidation.

 

John Cullen of Menzies LLP, who is acting as liquidator to PhotonStar LED, will now seek to realise value in PhotonStar LED's assets for the benefit of its creditors.

 

The Group's Directors are still considering both funding and strategic options for the Group's remaining subsidiary PhotonStar Technology Limited. Further announcements will be made as soon as practicable.

 

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)

James McKenzie - Group Chief Executive

 

+44 (0)2381 230381

 

 

Northland Capital Partners Limited

David Hignell/Gerry Beaney/Jamie Spotswood (Corporate Finance)

Rob Rees (Corporate Broking)

 

+44 (0)20 3861 6625





Peterhouse Capital Limited

Duncan Vasey/ Fungai Ndoro

+44 (0)20 7469 0930

 

About PhotonStar LED Group Plc

PhotonStar LED Group Plc is a leading British designer and manufacturer building monitoring & control solutions. The Group's proprietary technology Halcyon™ is a scalable, secure wireless IoT platform for retrofit into commercial buildings, for energy reduction, asset monitoring & control, and real time environmental, behavioral and energy insights. Halcyon V2 supports legionella reporting, emergency lighting compliance reporting, a powerful analytics and rules engine with notifications of issues by SMS and email.

 

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 [email protected] or visit www.rns.com.
 
END
 
 
MSCFKKDDBBDDNDB

PhotonStar LED Group PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use