REG - Light Science Tech. - Grant of Share Options

Light Science Technologies HoldingsAnnouncement

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RNS Number : 1062H  Light Science Tech. Holdings PLC  05 June 2026

Light Science Technologies Holdings plc

("LSTH", "Light Science", the "Company" or the "Group")

 

Grant of share Options and Surrender of Existing Options

 

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 certain
existing share options held by directors, senior management and employees have
been surrendered and replaced with new share options under the Company's
existing share option arrangements.

 

The Board has undertaken a review of the Group's incentive arrangements and
concluded that following the recent fundraising, the replacement of certain
existing options is appropriate to ensure that the Company's share-based
incentive schemes continue to fulfil their intended purpose of retaining,
motivating and rewarding key personnel whilst aligning their interests with
those of shareholders.

 

Accordingly, options over a total of 22,750,275 ordinary shares ("Existing
Options") have been surrendered and replaced with new options over 27,078,825
ordinary shares ("New Options"). The New Options have an exercise price of 2
pence per ordinary share, being the closing mid-market price per ordinary
share on 3 June 2026, and retain substantially the same vesting schedules and
expiry dates as the Existing Options.

 

The New Options comprise:

·     6,100,000 Existing Options granted on 15 October 2021 with a nil
exercise price have been surrendered and replaced by 8,900,000 options with an
exercise price of 2p.

·     16,650,275 options granted on 6 March 2024 with an exercise price of
5p have been surrendered and replaced by 18,178,825 options at an exercise
price of 2p.

·     All New Options have therefore been harmonised to an exercise price
of 2p

 

The Company confirms that, following the grant of the New Options, its share
option arrangements remain within the limits approved by shareholders.

 

In addition, the Company intends to establish a new long-term incentive plan
(LTIP), based around appropriate performance conditions, which is intended to
incentivise long-term performance and sustainable growth.

 

Directors' and PDMR option holdings following grant:

 

 Director         Existing Options surrendered  New Options granted and aggregate options held
 Simon Deacon     3,330,055                     4,858,605
 Jim Snooks       4,830,055                     5,518,580
 Andrew Hempsall  4,830,055                     5,518,580
 Graham Cooley    6,660,110                     6,660,110
 Daryl Hollands   700,000                       1,021,311
 Total            20,350,275                    23,577,186

 

 

For additional information please contact:

 

 Light Science Technologies Holdings plc           www.lightsciencetechnologiesholdings.com

                                                 (https://protect.checkpoint.com/v2/r02/___http:/www.lightsciencetechnologiesholdings.com___.YXAxZTpzaG9yZWNhcDpjOm86ZjY3OWQ2MDBhMzAwMzQ5YjVmODI5MmQ3ZDcxMTExMmU6Nzo5NjZlOjZmMWNiMTBmZTAxY2FiZWY5Njc5NDU2MzRhMDAzYmFlODEzZDJjNGUzMWY4Nzc5YjM5MTMyOTMxMmViYTY2Njk6cDpGOk4)
 Simon Deacon, Chief Executive Officer

                                                 via Walbrook PR
 Jim Snooks, Chief Financial Officer

 Andrew Hempsall, Chief Operating Officer

 Shore Capital (Nominated Adviser and Broker)        +44 (0)20 7408 4050

 Stephane Auton / George Payne

 Walbrook PR Ltd (Media & Investor Relations)      Tel: +44 (0)20 7933 8780 or lst@walbrookpr.com (mailto:lst@walbrookpr.com)

 Nick Rome / Marcus Ulker

 

 

PDMR Notification Forms:

The notification of dealing forms set out below are provided in accordance
with the requirements of the UK Market Abuse Regulation.

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         1.     Graham Cooley

                                                                   2.     Simon Deacon

                                                                   3.     Jim Snooks

                                                                   4.     Andrew Hempsall

                                                                   5.     Daryl Hollands

 2    Reason for the notification
 a)   Position/status                                              1.     Non-Executive Chair

                                                                   2.     CEO

                                                                   3.     CFO

                                                                   4.     COO

                                                                   5.     Group Financial Controller

 b)   Initial notification /Amendment                              Initial
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Light Science Technologies Holdings plc
 b)   LEI                                                          213800V9MWRRLVQ6EY56
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Surrender and Grant of options under management share option plan

                                                                   Surrender and Grant of options under non-tax advantaged share option plan
      Identification code                                          GB00BNDQJN14
 b)   Nature of the transaction                                    Issue of options over Ordinary Shares
 c)   Price(s) and volume(s)

                                                                                        Price                 Volume(s)
                                                                                        1) 2p exercise price  1) 6,660,110
                                                                                        2) 2p exercise price  2) 4,858,605
                                                                                        3) 2p exercise price  3) 5,518,580
                                                                                        4) 2p exercise price  4) 5,518,580
                                                                                        5) 2p exercise price  5) 1,021,311
 d)   Aggregated information

      - Aggregated volume                                          N/A - Single transactions

      - Price

 e)   Date of the transaction                                      4 June 2026

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

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