REG - Spectra Systems Spectra Systems. - Exercise of Options

Spectra SystemsAnnouncement

11/04/2018 07:05

RNS Number : 4917K
Spectra Systems Corporation
11 April 2018
 

Spectra Systems Corporation
("Spectra Systems" or the "Company")
Exercise of Options
Spectra Systems announces that on 9 April 2018 Martin Jaskel, Non-executive Director of the Company, exercised options over 33,869 shares of common stock of $0.01 in the Company ("Shares"). The Shares are restricted securities as defined in Rule 144 of the US Securities Act of 1933 and have been or will be issued pursuant to an exemption from registration under Rule 701 promulgated under the US Securities Act of 1933.
Accordingly the Company will apply for 33,869 Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on 16 April 2018 ("Admission").
Following Admission the Company's issued share capital will comprise:
656,710 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and
44,811,913 shares in the unrestricted line ISIN number US84756T1060 (AIM:SPSY).
Spectra Systems has no Shares in Treasury, therefore 45,468,623 may be used by Shareholders, from Admission, 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.
Enquiries:
Spectra Systems Corporation
   Dr. Nabil Lawandy, Chief Executive Officer                            Tel: +1 (0) 401 274 4700
WH Ireland Limited
   Chris Fielding (Head of Corporate Finance)                           Tel: +44 (0) 20 7220 1650
 
 
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Martin Jaskel




2


Reason for the notification




a)


Position/status


Non-executive Director




b)


Initial notification/ Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Spectra Systems Corporation




b)


LEI


21380047EWJYQG53D640




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument
 
Identification code


Regulation S restricted common stock of US$0.01
 
 
ISIN: [USU8457D1091] TIDM: [SPSC]




b)


Nature of the transaction


Exercise of options




c)


Price(s) and volume(s)






Price(s)


Volume(s)




$0.60 USD


33,869









d)


Aggregated information
-     Aggregated volume
-     Price


 
33,869
$0.60 USD




e)


Date of the transaction


9 April 2018




f)


Place of the transaction


London Stock Exchange




 
 



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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