REG - Spectra Systems Spectra Systems-SPSC - Exercise of Options

Spectra SystemsAnnouncement

26/04/2021 13:50

RNS Number : 6191W
  
Spectra Systems Corporation
  
26 April 2021
  
 

Spectra Systems Corporation
("Spectra" or the "Company")
Exercise of Options
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces it has received a request to exercise options.
Options over 25,000 shares of common stock of $0.01 each in the Company ("Shares") with an exercise price of 25p per share have been exercised utilizing the net cashless exercise feature. Therefore 3,434 shares have been surrendered to the Company and 21,566 shares of the Company will be issued.
The shares being issued are restricted securities as defined in Rule 144 of the US Securities Act of 1933 and have been issued pursuant to an exemption from registration under Rule 701 promulgated under the US Securities Act of 1933.
Accordingly the Company has issued and will apply for 21,566 Shares to be admitted to trading on AIM, which is expected to take place on or around 29 April 2021 ("Admission").
Following Admission the Company's issued share capital will comprise:
·1,052,662 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and
·44,534,239 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 is 45,586,901 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
Dr. Nabil Lawandy
 


Tel: +1 (0)401 274 4700
 




WH Ireland Limited
Chris Fielding (Head of Corporate Finance)


Tel: +44 (0)207 220 1650
 




 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.
 

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