REG - Light Science Tech. - Result of AGM

Light Science Technologies HoldingsAnnouncement

15/04/2025 13:30

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RNS Number : 1389F  Light Science Tech. Holdings PLC  15 April 2025

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 7 were passed as Ordinary Resolutions and Resolutions 8 to 9
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:

 Resolution                                                                      For          %      Against  %    Vote Total   Vote Total as % of Issued Shae Capital  Withheld*
 1. To receive the accounts of the Company for the period ended 30 November      208,597,175  100.0  9,887    0.0  208,607,062  62.6                                    327,302
 2024
 2. To approve the Directors' Remuneration Report                                208,496,747  99.8   437,017  0.2  208,933,764  62.7                                    600
 3.   To re-elect Simon Deacon as director                                       208,564,218  99.8   367,389  0.2  208,931,607  62.7                                    2,757
 4.  To re-elect James Snooks as director                                        208,528,198  99.8   403,409  0.2  208,931,607  62.7                                    2,757
 5.    To re-appoint RSM UK Audit LLP as Auditor                                 208,599,332  100.0  9,887    0.0  208,609,219  62.6                                    325,145
 6.  To authorise the Audit Committee to determine the auditor's remuneration    208,599,332  100.0  9,887    0.0  208,609,219  62.6                                    325,145
 7. To grant the Directors authority to allot shares equivalent of up to 30      208,526,142  99.8   401,903  0.2  208,928,045  62.7                                    6,319
 per cent. of the nominal value of the issued ordinary share capital
 8. To grant the Directors authority to allot equity securities for cash other   208,467,985  99.8   457,903  0.2  208,925,888  62.7                                    8,476
 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
 9.  To authorise the Board to make market purchases of up to 33,300,550         208,866,001  100.0  59,887   0.0  208,925,888  62.7                                    8,476
 ordinary shares (representing approximately 10% of the Company's issued
 ordinary shares)

 

* 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) Ritchie Balmer /      Tel: +44 (0) 20 7409 3494
 James Harris / Rob Patrick

 Oberon Capital (Broker)                                                     Tel: +44 (0) 203 179 5300

 Mike Seabrook / Nick Lovering

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

 

 

Notes to Editors:

 

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

Light Science Technologies Holdings plc operates through three divisions:
AgTech ("AGT"); contract electronics manufacturing ("CEM"); and passive fire
protection ("PFP"). The company is involved in the design, manufacturing, and
installation of products and customized solutions spanning various industry
sectors, including commercial horticulture, pest control, lighting, audio, gas
detection, and fire protection. 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.

 

LSTH is the holding company for Light Science Technologies Ltd ("Light Science
Technologies") and Tomtech (UK) Limited ("Tomtech") in the AGT division; UK
Circuits and Electronics Solutions Limited ("UK Circuits") in the CEM
division; and LSTH IFB Limited ("LSTH IFB") in the PFP division.

 

Passive Fire Protection (https://injectafirebarrier.com/
(https://injectafirebarrier.com/) )

 

LSTH IFB offers a practical and cost-effective solution to rectify
non-compliant public and private buildings, spanning residential, commercial,
and industrial sectors, with regard to fire safety regulations - a challenge
addressed by a £6.1 billion allocation from the UK government. Serving as the
UK's premier independent approved installer, LSTH IFB utilises the
ground-breaking Injectaclad fire-resistant graphite barrier system. This
system is retroactively installed within building cavities, reinstating
fire-resistant performance and containing the spread of fire and smoke
compliant with regulatory requirements. This innovative solution stands out as
an appealing alternative to the more costly and disruptive method of removing
external facades and installing traditional fire barriers. With a proven track
record in the passive fire protection market and a robust sales pipeline, LSTH
IFB targets a UK market potentially valued at up to £50 billion**.

 

AgTech

The Group's tailored 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 the Americas, Australasia, and select locations in the Middle
East.

 

The sensorGROW technology enables real-time monitoring of essential air zone
growing factors such as carbon dioxide, air humidity, air pressure, air
temperature, and light. With development almost complete, it aims to extend
monitoring to soil temperature, soil moisture, and soil electroconductivity,
with further developments to monitor greenhouse gases, initially Nitrous Oxide
(N20). This empowers farmers to enhance resource management, saving costs on
water, nutrients, fertilizers, and energy, while simultaneously increasing
yields and cultivating healthier crops. Learn more
here https://lightsciencetech.com/sensorgrow/
(https://lightsciencetech.com/sensorgrow/)  . The nurturGROW sustainable grow
lighting product range, applicable to greenhouses, vertical farming,
polytunnels, and licensed medicinal plants, addresses a robust market with an
anticipated global worth of £9.6 billion* by 2030. Explore solutions
here https://lightsciencetech.com/solutions/greenhouse/
(https://lightsciencetech.com/solutions/greenhouse/)

 

Through Tomtech, the Group stands out as a UK leader in control systems for
commercial greenhouses and polytunnels. Tomtech enables growers in optimizing
and automating cultivation environments, leading to superior crop growth. The
product range includes control systems, software, irrigation, lighting,
sensors, and venting, applicable across various crops, ultimately improving
yields and profitability. Discover more here https://www.tomtech.co.uk/
(https://www.tomtech.co.uk/)

 

Contract Electronics Manufacturing (https://www.ukcircuits.co.uk/
(https://www.ukcircuits.co.uk/) )

 

UK Circuits serves as the Group's profitable and revenue-strong CEM-focused
division. It excels in designing, procuring, and manufacturing high-quality
CEM 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.

 

*Report: Allied Market Research LED Grow Lights Market Analysis 2030;
(https://www.alliedmarketresearch.com/led-grow-lights-market-A12416): USD
$12.3 billion by 2030 converted at GBP £1 = USD $1.28.
(Report%3A%20Allied%20Market%20Research%20LED%20Grow%20Lights%20Market%20Analysis%202030;%20(https://www.alliedmarketresearch.com/led-grow-lights-market-A12416)%3A%20USD%20%2412.3%20billion%20by%202030%20converted%20at%20GBP%20%C2%A31%20=%20USD%20%241.28.%C2%A0%C2%A0)

** Estimators price cladding replacement at 10 times government budget
(theconstructionindex.co.uk)
(https://urldefense.proofpoint.com/v2/url?u=https-3A__www.theconstructionindex.co.uk_news_view_estimators-2Dprice-2Dcladding-2Dreplacement-2Dat-2D10-2Dtimes-2Dgovernment-2Dbudget&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=k3ztxpiL9GaLwCCGU9fPymgPVcqvYBuqTjjYyTHwiDE&m=FkrfCU8L8JbNSpJy2iOqi_ufsIhPkBWqki20NIFJFw75Xk8uHWT1vpic2OJY0ioQ&s=PR1_EBbDTB9ZM08WpCO_9ThUQ0hELxP6lsaT57zpanA&e=)
 2021

 

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