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

Spectra SystemsAnnouncement

Tue 17:00

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RNS Number : 2380O  Spectra Systems Corporation  24 June 2025

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 8 ballots, it does
not have enough shareholder votes to achieve a quorum to transact business at
its scheduled 2025 Annual General Meeting on 24 June 2025. 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                                                 -           -

                                                     20,166,639   8,840                          20,175,479

 Elect Nabil Lawandy as Director                                           -           -

                                                     20,171,059   4060                           20,175,119
 Elect Jeremy Fry as Director                                              -           170,891   20,004,228

                                                     19,940,178   64,050

 Elect Donald Stanford as Director                                         -           -

                                                     20,166,639   8,840                          20,175,479
 Elect Barbara Paldus as Director                                          -

                                                     20,166,639   8,840                          20,175,479
 Ratification of Appointment of Independent Auditor  20,152,169   20,000   -           2,950

                                                                                                 20,172,169

Total shares of stock outstanding as of the record date of 13 June 2024 was
48,288,702. Therefore, only approximately 42% of the shares of stock were
voted.

Enquiries:

 

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

 Dr. Nabil Lawandy, Chief Executive Officer

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

 Chris Fielding (Head of 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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