REG - Spectra Systems Spectra Systems-SPSC - Annual General Meeting Lack of Quorum
RNS Number : 0971DSpectra Systems Corporation24 June 2019Spectra Systems Corporation
("The Company" or "Spectra")
Annual General Meeting Lack of Quorum
Spectra (AIM: SPSY.L) announces that it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2019 Annual General Meeting on 24 June 2019. The presence in person or by proxy, duly authorized, of the holders of a majority of the outstanding shares of stock entitled to vote constitutes a quorum.
A summary of the votes received is as follows:
Resolution
For
Against
Discretion
Withheld
Total
Elect BJ Penn as Director
11,497,101
-
33,869
-
11,530,970
Elect Nabil Lawandy as Director
11,530,970
-
-
-
11,530,970
Elect Martin Jaskel as Director
10,766,470
-
764,500
-
11,530,970
Elect Donald Stanford as Director
11,530,970
-
-
-
11,530,970
Approval of Amended & Restated Compensation Plan
11,514,811
15,049
-
1,110
11,530,970
Ratification of Appointment of Independent Auditor
10,751,421
15,049
764,500
-
11,530,970
Total shares of stock outstanding as of the record date of 26 April 2019 was 45,871,297. Therefore, only approximately 25% of the shares of stock were voted.
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy (Chief Executive Officer) Tel: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding (Managing Director, Corporate Finance) Tel: +44 (0) 20 7220 1650
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