Result of AGM
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Light Science Technologies Holdings plc
("LSTH", "Light Science", the "Company" or the "Group")
Result of AGM
Light Science Technologies Holdings plc (AIM: LST), the innovative technology and manufacturing business providing real-world solutions targeting issues including global food security and fire safety, announces that at its Annual General Meeting held today, all resolutions were duly passed.
Resolutions 1 to 11 were passed as Ordinary Resolutions and Resolutions 12 to 13 were passed as Special Resolutions. Voting on all resolutions at the Annual General Meeting was conducted by poll and the results are as follows:
|
Resolution |
For |
% |
Against |
% |
Vote Total |
Vote Total as % of Issued Share Capital |
Withheld* |
|
1. To receive the annual accounts and reports of the Company for the year ended 30 November 2025 |
488,488,876 |
100.0 |
30,219 |
0.0 |
488,519,095 |
49.2 |
3,301,724 |
|
2. To approve the Directors' Remuneration Report (advisory, non-binding) |
487,869,928 |
99.5 |
2,336,618 |
0.5 |
490,206,546 |
49.4 |
1,614,273 |
|
3. To approve the Directors' remuneration policy (advisory, non-binding) |
487,788,035 |
99.5 |
2,418,511 |
0.5 |
490,206,546 |
49.4 |
1,614,273 |
|
4. To re-elect Simon Deacon as director |
487,678,602 |
99.5 |
2,525,672 |
0.5 |
490,204,274 |
49.4 |
1,616,545 |
|
5. To re-elect James Snooks as director |
490,102,559 |
100.0 |
101,715 |
0.0 |
490,204,274 |
49.4 |
1,616,545 |
|
6. To re-elect Andrew Hempsall as director |
490,113,959 |
100.0 |
90,315 |
0.0 |
490,204,274 |
49.4 |
1,616,545 |
|
7. To re-elect Graham Cooley as a director |
489,602,559 |
99.9 |
601,715 |
0.1 |
490,204,274 |
49.4 |
1,616,545 |
|
8. To re-elect Richard Mills as a director |
490,102,559 |
100.0 |
101,715 |
0.0 |
490,204,274 |
49.4 |
1,616,545 |
|
9. To re-appoint RSM UK Audit LLP as Auditor |
490,116,057 |
100.0 |
160,393 |
0.0 |
490,276,450 |
49.4 |
1,544,369 |
|
10. To authorise the Audit Committee to determine the auditor's remuneration |
490,246,231 |
100.0 |
30,219 |
0.0 |
490,276,450 |
49.4 |
1,544,369 |
|
11. To grant the Directors authority to allot shares up to 30% of the nominal value of the issued ordinary share capital |
487,315,166 |
99.3 |
3,258,306 |
0.7 |
490,573,472 |
49.4 |
1,247,347 |
|
12. 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% of the nominal value of the issued ordinary share capital |
485,227,917 |
98.9 |
5,214,306 |
1.1 |
490,442,223 |
49.4 |
1,378,596 |
|
13. To authorise the Company to make market purchases of up to 99,300,550 ordinary shares (representing approximately 10% of the Company's issued ordinary shares) |
489,590,582 |
99.8 |
982,890 |
0.2 |
490,573,472 |
49.4 |
1,247,347 |
* 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 Simon Deacon, Chief Executive Officer Jim Snooks, Chief Financial Officer Andrew Hempsall, Chief Operating Officer
|
www.lightsciencetechnologiesholdings.com via Walbrook PR
|
|
Shore Capital (Nominated Adviser and Broker) Stephane Auton / George Payne
|
+44 (0)20 7408 4050 |
|
Walbrook PR Ltd (Media & Investor Relations) Nick Rome / Marcus Ulker |
Tel: +44 (0)20 7933 8780 or lst@walbrookpr.com |
Notes to Editors:
About Light Science Technologies Holdings plc (www.lightsciencetechnologiesholdings.com)
Light Science Technologies Holdings plc ("LSTH") operates through three divisions: Passive fire protection ("PFP"); AgTech ("AGT") and contract electronics manufacturing ("CEM"). The Company is involved in the design, manufacturing, and installation of products and customized solutions spanning various industry sectors, with a focus on addressing global challenges related to food security, climate change, and fire protection, the Group is committed to developing robust solutions in these rapidly growing market sectors.
As both an installer and supplier of the fire resistant graphite barrier system Injectaclad, the PFP division is strongly positioned to capture a growing proportion of the fire remediation market as the Buildings Safety Regulator ("BSR") backlog unblocks, enabling accelerated conversion of the Company's strong sales pipeline. The Injectaclad system is a solution for the retrospective installation of cavity fire barriers in buildings using a pumped system, thereby avoiding the need for full-scale façade removal. It addresses a significant problem in the UK's built environment, where thousands of buildings require remediation to meet fire safety standards. For more information please visit Cavity Fire Barrier Remediation System | Injectaclad Ltd
The Group's tailored AgTech solutions encompass control systems, grow lights, sensor technology, venting, and irrigation systems, catering to both UK and global customers. Key markets include indoor, vertical, glasshouses, polytunnels, and more recently wider applications in broadacre farming. Driving factors comprise global food and water shortages, a growing population, government policies promoting sustainable growth methods, heightened scrutiny of food production's impact on climate change, and a shift away from processed foods. Key markets span Eastern Europe, the Americas, Australasia, and select locations in the Middle East, with the Company expanding routes to market via low-cost, low risk distribution agreements globally. For more information please visit: Sustainable grow lights and sensor technology - Light Science Technologies
The CEM division excels in designing, procuring, and manufacturing high-quality electronic products, with a specialisation in Printed Circuit Boards. These products find application across diverse sectors such as audio, automotive, electronics, gas detection, lighting, pest control, telecommunications and AgTech. For more information please visit: Home | UK Circuits
The Group is strongly positioned across a range of high growth sectors with proven technologies and solutions. It is increasingly focused on high margin opportunities that will drive cash generation. Furthermore, it is positioned for accelerated growth, targeting larger contracts and increasing recurring revenues - as both legislation and global issues look set to underpin demand for its products, driving the Company towards sustained profitable growth.
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