REG - Light Science Tech. - Result of AGM

Light Science Technologies HoldingsAnnouncement

30/05/2023 12:30

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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 Issued Share Capital  Withheld*

 Resolution
 1.     To receive the accounts of the Company for the period ended 30               144,069,364      100    0        0     144,069,364  43.26                                    0
 November 2022

 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               144,043,744         99.98  25,620   0.02  144,069,364  43.26                                    0
 remuneration

 8.     To grant the Directors authority to allot shares equivalent of up         143,982,430         99.94  86,934   0.06  144,069,364  43.26                                    0
 to 30 per cent. of the nominal value of the issued ordinary share capital

 9.     To grant the Directors authority to allot equity securities for           143,948,695         99.92  114,215  0.08  144,062,910  43.26                                    6,454
 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

 10.  To authorise the Board to make market purchases of up to 33,300,550         144,007,764         99.96  61,600   0.04  144,069,364  43.26                                    0
 ordinary shares (representing approximately 10% of the Company's issued
 ordinary shares

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

                                                          (http://www.lightsciencetechnologiesholdings.com/)

 Simon Deacon, Chief Executive Officer                      via Walbrook PR

 Jim Snooks, Chief Financial Officer

 Andrew Hempsall, Chief Operating Officer

 Strand Hanson Limited (Nominated & Financial Adviser)      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer / James Harris / Rob Patrick

 Oberon Capital (Broker)
 Mike Seabrook / Nick Lovering                              Tel: +44 (0) 203 179 5300

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

 Nick Rome / Paul McManus

 

About Light Science Technologies Holdings plc
(www.lightsciencetechnologiesholdings.com
(http://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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