Business
Board Changes and Issue of Share Options
Board Changes and Issue of Share Options.
About this update from Light Science Technologies Holdings Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UNITED KINGDOM LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \nLight Science Technologies Holdings plc\n(\"LSTH\", \"Light Science\", the \"Company\" or the \"Group\")\n \nAppointment of New Non-Executive Chairman | Board Changes and Issue of Share Options\n \nA Strengthened Board Focused on a High Growth Strategy\n \nLight Science Technologies Holdings plc (AIM: LST), comprising three divisions: controlled environment agriculture (\"CEA\"); contract electronics manufacturing (\"CEM\") and passive fire protection (\"PFP\"), is pleased to announce that Dr Graham Cooley has been appointed as Non-Executive Chairman, and Richard Mills, previously a consultant to the Company, has been appointed as Independent Non-Executive Director. Myles Halley and Robert Naylor have both stepped down from their respective roles as Non-Executive Chairman and Non-Executive Director. All changes are effective immediately.\n \nHighlights\n· Restructured Board strengthens industry and City experience\n· Company positioned to capitalise on the growing importance of food security and global cultivation challenges\n· Opportunities across all divisions with focus on further growing margins and cash flow\n \nA Strengthened Board Focused on a High Growth Strategy\n \nThe Board restructuring further strengthens LSTH's ability to continue building strong product and sales pipelines, both domestically and internationally, positioning the Group to further enhance its prospects within its key growth markets, and especially within the CEA division.\n \nDr. Cooley has over 35 years' experience at the forefront of new technology introduction in the power, energy storage and hydrogen sectors. He was previously Business Development Manager at National Power plc, the UK's largest power generator and CEO of ITM Power plc, the first hydrogen related company quoted on the AIM Market of the London Stock Exchange, a founding member of the UK Government's Hydrogen Advisory C...