Annual General Meeting Update

RNS Number : 5497O

Spectra Systems Corporation

13 June 2022

 

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 9 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2022 Annual General Meeting on 13 June 2022. The presence in person or by proxy, duly authorized, of the holders of a majority of the outstanding shares of stock entitled to vote constitutes a quorum.

A summary of the votes received is as follows:

Resolution	For	Against	Discretion	Withheld	Total
Elect BJ Penn as Director	12,345,133	-	-	6,441,048	18,786,181
Elect Nabil Lawandy as Director	17,431,307	-	-	1,354,874	18,786,181
Elect Jeremy Fry as Director	17,431,307	-	-	1,354,874	18,786,181
Elect Donald Stanford as Director	12,345,133	-	-	6,441,048	18,786,181
Ratification of Appointment of Independent Auditor	17,431,307	1,354,874	-	-	18,786,181

Total shares of stock outstanding as of the record date of 10 June, 2022 was 45,320,439. Therefore, only approximately 41% of the shares of stock were voted. 

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy (Chief Executive Officer)                                     Tel: [phone]

WH Ireland Limited (Nominated Adviser and Broker) Chris Fielding (Managing Director, Corporate Finance) Andrew de Andrade (Executive, Corporate Finance)  Allenby Capital Limited  (Joint Broker) Nick Naylor/James Reeve (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)

Tel: [phone] Tel: [phone]

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 

END

 

 

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