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Spectra Systems (SPSY)

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Monday 14 June, 2021

Spectra Systems

Annual General Meeting Update

RNS Number : 7115B
Spectra Systems Corporation
14 June 2021
 

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 23 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2021 Annual General Meeting on 14 June 2021. 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

10,291,057

-

587,861

-

10,878,918

Elect Nabil Lawandy as Director

10,291,057

-

587,861

-

10,878,918

Elect Jeremy Fry as Director

10,291,057

-

587,861

-

10,878,918

Elect Donald Stanford as Director

10,291,057

-

587,861

-

10,878,918

Ratification of Appointment of Independent Auditor

7,945,257

587,861

-

2,345,800

10,878,918

Total shares of stock outstanding as of the record date of 19 April 2021 was 45,565,335. Therefore, only approximately 24% of the shares of stock were voted. 

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy (Chief Executive Officer) Tel: +1 (0) 401 274 4700

 

WH Ireland Limited

Chris Fielding (Managing Director, Corporate Finance)                      Tel: +44 (0) 20 7220 1650

 

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