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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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