REG - Light Science Tech. - Result of General Meeting & TVR

Light Science Technologies HoldingsAnnouncement

21/04/2023 15:45

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RNS Number : 1092X  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                    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 in relation to the Fundraising)     Tel: +44 (0) 203 179 5300

 Mike Seabrook / Adam Pollock / Nick Lovering

 Walbrook PR Ltd (Media & Investor Relations)               Tel: +44 (0)20 7933 8780

 Nick Rome / Paul McManus                                   lst@walbrookpr.com (mailto:lst@walbrookpr.com)

 

 

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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