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REG - Spectra Systems Spectra Systems-SPSC - Annual General Meeting Update

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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: +1 (0) 401 274 4700

 

 WH Ireland Limited (Nominated Adviser and Broker)       Tel: +44 (0)20 7220 1650

 Chris Fielding (Managing 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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law by virtue of the European Union (Withdrawal) Act 2018.

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