A light modulating material is disclosed, comprising a solid, light transmissive, polymeric matrix having dispersed within said matrix droplets of a liquid crystalline composition, wherein said composition is a mixture of at least 2 compounds, at least one of said compounds having general formula (I), where n is 1 or 2, the fluorine substituent(s) may be in any of the available substitution positions and R1 is C¿1-12? alkynyl, hydrogen, R, RO or RCO where R is alkyl or perfluoroalkyl and at least one other of said compounds having general formula (II), where m is 0 or 1 and R?2¿ is hydrogen or C¿1-12? alkyl or alkoxy.