REG - Spectra Systems Spectra Systems-SPSC - Annual General Meeting Lack of Quorum

Spectra SystemsAnnouncement

26/06/2023 15:30

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RNS Number : 9393D  Spectra Systems Corporation  26 June 2023

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 17 ballots, it
does not have enough shareholder votes to achieve a quorum to transact
business at its scheduled 2023 Annual General Meeting on 26 June 2023. 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                           13,631,770  -          -           1,354,874  14,986,644
 Elect Nabil Lawandy as Director                     14,986,644  -          -           -          14,986,644
 Elect Jeremy Fry as Director                        14,986,644  -          -           -          14,986,644
 Elect Donald Stanford as Director                   13,631,770  1,354,874  -           -          14,986,644
 Elect Dr Barbara Paldus as Director                 14,986,644  -          -           -          14,986,644
 Ratification of Appointment of Independent Auditor  8,779,408   1,354,874  -           4,852,362  14,986,644

Total shares of stock outstanding as of the record date of 26 June, 2023 was
45,059,114. Therefore, only approximately 33% 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 (Nominated Adviser and Broker)        Tel: +44 (0)20 7220 1650

 Chris Fielding (Managing Director, Corporate Finance)

 James Bavister (Assistant Director, Corporate Finance)

 Andrew de Andrade (Executive, Corporate Finance)

 Allenby Capital Limited (Joint Broker)                   Tel: +44 (0)20 3328 5665

 Nick Naylor/James Reeve (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 

 

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