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Light Science Technologies Says Division Received Orders for Around GBP580,900

Dow Jones Newswires ·  Nov 8, 2021 17:00

By Anthony O. Goriainoff

Light Science Technologies Holdings PLC said Monday that its U.K. Circuits and Electronics Ltd. division has received new orders from Rentokil Initial PLC for around 580,900 pounds ($784,040).

The agricultural lighting and technology company, which listed on London's junior AIM last month, said it expects the orders to be delivered through the first half of fiscal 2022.

It said the division's order book stood at around GBP5 million.

The company said it has started its contract with Zenith Nurseries Ltd., and that this has a potential value of up to GBP13.8 million.

Shares at 0840 GMT were up 2 pence, or 9.1%, at 24 pence.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

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