TIDMLST
RNS Number : 0448B
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:
For % Against % Vote Total Vote Total as % of Withheld*
Resolution Issued Share Capital
1. To receive the
accounts of the
Company for the
period ended 3 0
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 www.lightsciencetechnologiesholdings.com
plc
Simon Deacon, Chief Executive Officer via Walbrook PR
Jim Snooks, Chief Financial Officer
Andrew Hempsall, Chief Operating
Officer
Strand Hanson Limited (Nominated Tel: +44 (0) 20 7409 3494
& Financial Adviser)
Ritchie Balmer / James Harris /
Rob Patrick
Oberon Capital (Broker)
Mike Seabrook / Nick Lovering Tel: +44 (0) 203 179 5300
Walbrook PR Ltd (Media & Investor Tel: +44 (0)20 7933 8780 or
Relations) lst@walbrookpr.com
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.
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