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RNS Number : 1638P

Intuitive Investments Group plc

15 October 2021

Intuitive Investments Group plc

Light Science Technologies Holdings plc's Floatation

Intuitive Investments Group plc (AIM: IIG) ("IIG" or the "Company"), a closed-end investment company focussed on the life sciences sector, announces that Light Science Technologies Holdings plc's (AIM: LSTH) ("LSTH") ordinary shares have, this morning, been admitted to trading on AIM ("Admission").

IIG holds, 13,280,000 ordinary shares in LSTH, representing 7.6% of the issued share capital of LSTH. I IG's investment was initially by way of GBP1 million of convertible loan notes, which had a 7.25% coupon and converted automatically at a 20% discount to LSTH's ordinary share price on Admission. IIG also subscribed for ordinary shares equal to the interest and non-executive director's fee of GBP78,000 due to IIG from LSTH. IIG's shares in LSTH are subject to six-month hard lock-in and six-month soft lock-in.

David Evans, Executive Chairman of IIG, holds 10,000,000 ordinary shares in LSTH, representing 5.7 per cent. of the issued share capital of LSTH, which were subscribed for at the placing price and warrants to subscribe for up to 6,000,000 ordinary shares. Robert Naylor, CEO of IIG, holds 2,500,000 ordinary shares in LSTH, representing 1.4 per cent. of the issued share capital of LSTH, which were subscribed for at the placing price.

David Evans, Executive Chairman of IIG, commented:

"Congratulations to Simon Deacon and the LSTH team. We are particularly excited by LSTH's deep knowledge of the light spectrum, particularly for applications in the fast-growing controlled environment agriculture division which addresses vertical farming, glasshouse and polytunnels, but also in other applications in digital health. We look forward to LSTH's continued success in the next stage of its development as an AIM company."

For further information, please contact:

 
 Intuitive Investments Group plc                                            www.iigplc.com 
 David Evans, Executive Chairman                                           Via Walbrook PR 
  Robert Naylor, CEO 
 
 Strand Hanson Limited - Nominated 
  Adviser                                                             +44 (0) 20 7409 3494 
 James Dance / James Bellman 
 Turner Pope Investments (TPI) Ltd 
  - Broker                                                            +44 (0) 20 3657 0050 
 Andrew Thacker / James Pope 
 
 Walbrook PR Limited - Media & Investor    +44 (0)20 7933 8780 or intuitive@walbrookpr.com 
  Relations 
 Paul McManus                                                         +44 (0) 7980 541 893

About Intuitive Investments Group plc

The Company is a recently established investing company, seeking to provide investors with exposure to a portfolio concentrating on fast growing and/or high potential Life Sciences businesses operating predominantly in the UK, continental Europe and the US, utilising the Board's experience and in particular that of the Chairman, David Evans, to seek to generate capital growth over the long term for shareholders.

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October 15, 2021 03:01 ET (07:01 GMT)

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