REG - Spectra Systems Spectra Systems-SPSC - Completion of Acquisition

Spectra SystemsAnnouncement

21/12/2023 12:30

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RNS Number : 6495X  Spectra Systems Corporation  21 December 2023

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF
SECURITIES IN ANY JURISDICTION.

 

 

Spectra Systems Corporation

("Spectra" or the "Group")

 

Completion of Acquisition

Spectra Systems Corporation (AIM: SPSY.L), a leader in machine-readable high
speed banknote authentication, brand protection technologies and gaming
security software is pleased to announce that it has today completed the
acquisition of Cartor Holdings Ltd ("Cartor"), a leader in the security
printing industry, as announced by the Company on 4 December 2023 (the
"Acquisition").

In connection with completion of the Acquisition, the Company has issued
947,494 new shares of common stock of $0.01 each in the Company to certain of
the selling shareholders of Cartor, at an issue price of £2.11 per share.
Accordingly, the Company has applied for 947,494 Shares to be admitted to
trading on AIM, which is expected to take place on or around 22 December 2023
("Admission").

Following Admission, the Company's issued share capital will comprise:

·      711,377 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC); and

·      46,966,354 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY).

In accordance with the provisions of the Disclosure Guidance and Transparency
Rules of the FCA ("DTRs"), the issued share capital of Spectra upon Admission
will be 47,677,731 shares with voting rights attached (one vote per share).
There are no shares held in treasury, therefore this figure may be used by
shareholders as the denominator for the calculation by which they will
determine whether they are required to notify their interest in, or a change
to their interest in, Spectra under the DTRs.

Enquiries:

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

 Dr. Nabil Lawandy, Chief Executive Officer

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

 Chris Fielding/ James Bavister (Corporate Finance)

 Fraser Marshall (Corporate Broking)

                                                                        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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