REG - Spectra Systems Spectra Systems-SPSC - Exercise of Options & Removal of Reg S

Spectra SystemsAnnouncement

07/04/2025 07:00

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RNS Number : 8894D  Spectra Systems Corporation  07 April 2025

Spectra Systems Corporation

(the "Company")

Exercise of Options & Removal of Reg S Restrictions

Spectra Systems Corporation, a leader in machine-readable high speed banknote
authentication, brand protection technologies, and gaming security software,
announces the exercise of options by an employee of Spectra.

The employee has exercised options over 40,000 shares of common stock of $0.01
each in the Company ("Shares") with an exercise price of 25p per share on 5
March 2025. The employee has elected to utilize the net cashless exercise
feature and has therefore surrendered 4,274 shares to the Company.
Accordingly, the employee will be issued 35,726 shares.

The shares being issued are restricted securities as defined in Rule 144 of
the US Securities Act of 1933 and have been issued pursuant to an exemption
from registration under Rule 701 promulgated under the US Securities Act of
1933.

Accordingly, the Company has issued and will apply for 35,726 Shares to be
admitted to trading on AIM, which is expected to take place on or around 14
April 2025 ("Admission").

The Company further announces that restrictive legends have been removed from
a further 88,839 shares of common stock of the Company. As a result, these
shares have transferred from the Regulation S stock line ISIN number
USU8457D1091 (AIM: SPSC) into the unrestricted line ISIN number US84756T1060
(AIM: SPSY)

The Company's issued share capital now comprises:

530,271 shares in the Regulation S stock line ISIN number USU8457D1091
(AIM:SPSC); and

47,758,431 shares in the unrestricted line ISIN number US84756T1060
(AIM:SPSY).

Spectra Systems has no Shares in treasury, therefore 48,288,702 may be used
by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the
FCA's Disclosure and Transparency Rules.

Enquiries:

 

 

 Spectra Systems Corporation                          Tel: +1 (0)401 274 4700

 Dr. Nabil Lawandy, Chief Executive Officer

 Zeus (Nominated Adviser and Broker)                  Tel: +44 (0)20 3829 5000

 James Joyce (Director)

 James Bavister (Assistant Director)

 Andrew de Andrade (Associate, Corporate Finance)

                                                      Tel: +44 (0)20 3328 5665

 Allenby Capital Limited (Joint Broker)

 Nick Naylor/James Reeve (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 

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