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RNS Number : 9823X Spectra Systems Corporation 28 December 2023
Spectra Systems Corporation
28 December 2023
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 the exercise of options by an employee of Spectra.
The employee has exercised options over 14,000 shares of common stock of $0.01
each in the Company ("Shares") with an exercise price of 25p per share on 21
December 2023. The Company has received US $4,445 in respect of this exercise
of options. Accordingly, the employee will be issued 14,000 shares of the
Company.
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 14,000 Shares to be
admitted to trading on AIM, which is expected to take place on or around 04
January 2024 ("Admission").
Following Admission, the Company's issued share capital will comprise:
· 725,377 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
is 47,691,731 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 Broker) Tel: +44 (0)207 220 1650
Chris Fielding (Managing Director, 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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