REG - Spectra Systems Spectra Systems-SPSC - Annual General Meeting Lack of Quorum

Spectra SystemsAnnouncement

24/06/2019 07:06

RNS Number : 0971D
Spectra Systems Corporation
24 June 2019
 


Spectra 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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