REG - Spectra Systems Spectra Systems-SPSC - Share Buyback Programme

Spectra SystemsAnnouncement

25/11/2025 07:02

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RNS Number : 8151I  Spectra Systems Corporation  25 November 2025

Spectra Systems Corporation

(The "Company" or "Spectra Systems")

Share Buyback Programme

Spectra Systems, a leader in machine-readable high speed banknote
authentication, brand protection technologies and gaming security
software, announces the launch of an initial share buyback programme of
unrestricted common shares of US$0.01 each ("Common Shares") to repurchase up
to US$350,000 worth of Common Shares (the "Buyback Programme"), effective from
today.

The Board considers the Buyback Programme to be in the best interests of all
shareholders, given the cash generative nature of the business and the surplus
cash the Company holds. It is also consistent with the Board's desire to
increase shareholder value/ returns.

The Company has appointed its broker, Zeus Capital Limited ("Zeus"), to manage
the Buyback Programme to repurchase Ordinary Shares on its behalf and entered
into an irrevocable and non-discretionary arrangement on 24 November 2025 with
Zeus, to enable Zeus to conduct the Buyback Programme on a broker-managed
basis. Zeus will make trading decisions in relation to the Buyback Programme
independently of the Company, within certain defined parameters.

The Buyback Programme commences today and will end on the earlier of the date
upon which the aggregate consideration paid for Common Shares reaches
US$350,000 or 5 December 2025 (the "Buyback Period"). During the Buyback
Period the Company has no power to invoke any changes to the authority and any
purchases will be undertaken by Zeus, acting independently of, and
uninfluenced by the Company.

Common Share repurchases will take place in open market transactions and may
be made from time to time depending on market conditions, share price and
trading volume. The Buyback Programme is in accordance with the Company's
general authority to purchase its own shares under Delaware General
Corporation Law. The price paid for Common Shares under the Buyback Programme
will be no more than: a) 105 per cent. of the average trading price of the
Ordinary Shares as derived from the middle market quotations for an Ordinary
Share on the London Stock Exchange Daily Official List for the five trading
days immediately preceding the date on which an Ordinary Share is contracted
to be purchased; and b) £1.35.

Under the Buyback Programme, the repurchased shares will be cancelled.

The Buyback Programme will be conducted within the parameters of the Market
Abuse Regulation 596/2014/EU and the Commission Delegated Regulation
2016/1052/EU (each as in force in the UK from time to time, including where
relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019.

The Company will make further announcements in due course following any share
purchases conducted through the Buyback Programme.

Following this announcement, the issued share capital of the Company remains
unchanged at:

·      47,758,431 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY); and

·      542,258 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC)

Spectra Systems has no Shares in treasury, therefore 48,300,689 may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules.

The Company confirms that it currently has no unpublished price sensitive
information.

Enquiries:

 

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

 Dr. Nabil Lawandy, Chief Executive Officer             

  
 Zeus (Nominated Adviser and Joint Broker)             Tel: +44 (0)20 3829 5000

 James Joyce / James Bavister (Investment Banking)

 Fraser Marshall (Corporate Broking)                    

                                                        

 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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