Result of General Meeting & TVR

Light Science Tech. Holdings PLC

21 April 2023

 

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21 April 2023

Light Science Technologies Holdings plc

("Light Science" or the "Company")

Result of General Meeting

Total Voting Rights

Light Science Technologies Holdings plc (AIM: LST), the controlled environment agriculture ("CEA") technology and contract electronics manufacturing ("CEM") group, announces that the Resolutions put to Shareholders at the General Meeting ("GM"), held earlier today in connection with the Placing, Subscription, and WRAP Retail Offer, were duly passed. Accordingly, the Fundraising and WRAP Retail Offer announced on 4 and 5 April 2023 will complete on 24 April 2023.

The results of the proxy voting for the GM are set out below:

Resolution	Number of Votes For	% of Votes For	Number of Votes Against	% of Votes Against	Number of Votes Withheld
Ordinary Resolution 1	104,083,943	99.98%	116,709	0.11%	25,000
Special Resolution 2	104,083,943	99.98%	116,709	0.11%	25,000

Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of the 78,250,000 Conditional Placing Shares, 35,500,000 Subscription Shares and 15,605,500 WRAP Retail Offer Shares to trading on AIM, which is expected to take effect at 8.00 a.m. on or around 24 April 2023 ("Admission"). Such new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following Admission, the Company's issued share capital will consist of 333,005,500 Ordinary Shares. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company will be 333,005,500. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms used in this announcement have the same meanings as ascribed to them in the Company's announcements of 4 April 2023 under RNS number 2433V and 5 April 2023 under RNS 5303V.

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
Strand Hanson Limited (Nominated & Financial Adviser) Ritchie Balmer / James Harris / Rob Patrick	Tel: [phone]
Oberon Capital (Broker in relation to the Fundraising) Mike Seabrook / Adam Pollock / Nick Lovering	Tel: [phone]
Walbrook PR Ltd (Media & Investor Relations) Nick Rome / Paul McManus	Tel: [phone] [e-mail]

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