Spectra Systems Corporation Annual General Meeting Update (5497O)

TIDMSPSY TIDMSPSC

RNS Number : 5497O

Spectra Systems Corporation

13 June 2022

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 9 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2022 Annual General Meeting on 13 June 2022. 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             12,345,133           -            -   6,441,048   18,786,181 
                         -----------  ----------  -----------  ----------  ----------- 
 Elect Nabil Lawandy 
  as Director             17,431,307           -            -   1,354,874   18,786,181 
                         -----------  ----------  -----------  ----------  ----------- 
 Elect Jeremy 
  Fry as Director         17,431,307           -            -   1,354,874   18,786,181 
                         -----------  ----------  -----------  ----------  ----------- 
 Elect Donald 
  Stanford as Director    12,345,133           -            -   6,441,048   18,786,181 
                         -----------  ----------  -----------  ----------  ----------- 
 Ratification 
  of Appointment 
  of Independent 
  Auditor                 17,431,307   1,354,874            -           -   18,786,181 
                         -----------  ----------  -----------  ----------  ----------- 
 

Total shares of stock outstanding as of the record date of 10 June, 2022 was 45,320,439. Therefore, only approximately 41% of the shares of stock were voted.

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy (Chief Executive Officer) Tel: [phone]

 
WH Ireland Limited (Nominated Adviser              Tel: [phone] 
 and Broker) 
 Chris Fielding (Managing Director, Corporate 
 Finance) 
 Andrew de Andrade (Executive, Corporate            Tel: [phone] 
 Finance) 
 
 Allenby Capital Limited (Joint Broker) 
 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDKBLFFLQLLBBD

(END) Dow Jones Newswires

June 13, 2022 02:00 ET (06:00 GMT)