Result of AGM

Light Science Tech. Holdings PLC

30 May 2023

 

Light Science Technologies Holdings plc

("LSTH" or the "Company")

Result of AGM

Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, announces that at its Annual General Meeting held today, all resolutions were duly passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolutions 9 and 10 were passed as Special Resolutions. Voting on all resolutions at the Annual General Meeting was conducted by a show of hands and the proxy results are as follows:

Resolution	For	%	Against	%	Vote Total	Vote Total as % of Issued Share Capital	Withheld*
1.     To receive the accounts of the Company for the period ended 30 November 2022	144,069,364	100	0	0	144,069,364	43.26	0
2.     To approve the Directors' Remuneration Report	143,992,360	99.95	77,004	0.05	144,069,364	43.26	0
3.     To re-elect Simon Deacon as director	144,002,144	99.95	67,220	0.05	144,069,364	43.26	0
4.     To re-elect James Snooks as director	143,991,744	99.95	67,220	0.05	144,058,964	43.26	10,400
5.     To re-elect Andrew Hempsall as director	144,043,744	99.98	25,620	0.02	144,069,364	43.26	0
6.     To re-appoint RSM UK Audit LLP as Auditor	144,069,364	100	0	0	144,069,364	43.26	0
7.     To authorise the Audit Committee to determine the auditor's remuneration	144,043,744	99.98	25,620	0.02	144,069,364	43.26	0
8.     To grant the Directors authority to allot shares equivalent of up to 30 per cent. of the nominal value of the issued ordinary share capital	143,982,430	99.94	86,934	0.06	144,069,364	43.26	0
9.     To grant the Directors authority to allot equity securities for cash other than in accordance with the statutory pre-emption rights equivalent of up to 20 per cent. of the nominal value of the issued ordinary share capital	143,948,695	99.92	114,215	0.08	144,062,910	43.26	6,454
10.  To authorise the Board to make market purchases of up to 33,300,550 ordinary shares (representing approximately 10% of the Company's issued ordinary shares	144,007,764	99.96	61,600	0.04	144,069,364	43.26	0

* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.

For additional information please contact:

Light Science Technologies Holdings plc	www.lightsciencetechnologiesholdings.com
Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer	via Walbrook PR
Strand Hanson Limited (Nominated & Financial Adviser)	Tel: [phone]
Ritchie Balmer / James Harris / Rob Patrick
Oberon Capital (Broker)
Mike Seabrook / Nick Lovering	Tel: [phone]
Walbrook PR Ltd (Media & Investor Relations)	Tel: [phone] or [e-mail]
Nick Rome / Paul McManus

About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)

Light Science Technologies Holdings plc is the holding company of the Group's controlled environment agriculture ("CEA") division, Light Science Technologies Ltd ("Light Science Technologies"), and its contract electronics manufacturing ("CEM") division, UK Circuits and Electronics Solutions Limited ("UK Circuits").

Controlled Environment Agriculture

Light Science Technologies was founded in 2019 and is the Company's grow lights and sensor technology business, providing bespoke recipes and technologies tailored to customers' needs - with key targets including indoor, vertical, glasshouses, polytunnels and medicinal farming markets. The all-in-one CEA solution will include analysing customers' crop growing requirements to provide bespoke, low-energy and sustainable equipment.

Market drivers include food and water shortages in many parts of the world; growing global population; UK and other government policy encouraging sustainable and efficient growth methods; increased scrutiny of the effect of food production on climate change and the continuing transition away from processed foods. 

sensorGROW

sensorGROW was launched in June 2022 and its technology will enable farmers to monitor the following key air zone growing factors in real-time: carbon dioxide levels, humidity, light, oxygen - and in the future: air speed, plant disease, soil, temperature and water pH levels. By monitoring these key growing factors, farmers can save money through better management of resources: water, nutrients, fertilisers and energy - while increasing yields and producing healthier crops.

nurturGROW

nurturGROW is a sustainable grow lighting product range, offering an innovative, high-performance and cost-effective solution for indoor farming, covering greenhouses, vertical farming, polytunnels and medicinal plants.

Created with four core component parts, the nurturGROW range is made of high quality, durable materials to give growers the ideal balance between strength and optimal performance, minimising the amount of materials needed to drastically cut down on waste and reduce carbon footprint.

Contract Electronics Manufacturing

UK Circuits is the Company's CEM focussed division, profit making with strong revenues. The Group designs, procures, and manufactures high-quality CEM products, specialising in Printed Circuit Boards, which are used in a range of sectors including audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and, more recently, the CEA market.

 

END