REG - Spectra Systems Spectra Systems-SPSC - Resignation of Chief Financial Officer

Spectra SystemsAnnouncement

20/05/2022 08:45

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RNS Number : 2441M  Spectra Systems Corporation  20 May 2022

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Resignation of Chief Financial Officer

Spectra Systems Corporation, a leader in machine-readable high speed banknote
authentication, brand protection technologies and gaming security software,
announces that Brian McLain, Chief Financial Officer and Company Treasurer,
has tendered his notice to resign from the Company on 3 June 2022.  Mr.
McLain is departing to pursue other business opportunities.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "Brian has been an
invaluable resource to the Company and to me and on behalf of the Board I
thank him for all of his contribution to Spectra and wish him every success in
future.  We are confident we will attract highly qualified candidates and be
successful in appointing a new Chief Financial Officer in the very near term.

"A search for his successor is underway and we will make an appropriate
announcement when that process concludes."

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)20 7220 1650

 Chris Fielding (Head of 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)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018. The information
is disclosed in accordance with the Company’s obligations under Article 17
of the UK MAR. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

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