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Share Name Share Symbol Market Type Share ISIN Share Description
Spectra Systems Corporation LSE:SPSY London Ordinary Share COM SHS USD0.01 (UNRES)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 183.50 177.00 190.00 183.50 183.50 183.50 60,586 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 10.7 4.0 8.0 23.0 82

Spectra Systems Corporation Exercise of Options and Director/PDMR Shareholding

20/01/2021 7:00am

UK Regulatory (RNS & others)


Spectra Systems (LSE:SPSY)
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TIDMSPSY TIDMSPSC

RNS Number : 2334M

Spectra Systems Corporation

20 January 2021

Spectra Systems Corporation

("Spectra" or the "Company")

Exercise of Options and Director/PDMR Shareholding

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces the exercise of options by Donald Stanford, Non-Executive Director of Spectra.

Mr. Stanford has exercised options over 60,000 shares of common stock of $0.01 each in the Company ("Shares") with an exercise price of $0.60 per Share. Mr. Stanford has elected to utilize the net cashless exercise feature and has therefore surrendered 14,203 shares to the Company. Accordingly Mr. Stanford will be issued 45,797 shares, increasing his interest in the issued share capital of the Company to 45,797 shares, representing 0.10% of its issued share capital.

The shares being issued are restricted securities as defined in Rule 144 of the US Securities Act of 1933 and have been issued pursuant to an exemption from registration under Rule 701 promulgated under the US Securities Act of 1933.

Accordingly the Company has issued and will apply for 45,797 Shares to be admitted to trading on AIM, which is expected to take place on or around 25 January 2021 ("Admission").

Following Admission the Company's issued share capital will comprise:

   --   866,282 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and 
   --   44,534,239 shares in the unrestricted line ISIN number US84756T1060 (AIM:SPSY). 

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA ("DTRs"), the issued share capital of Spectra upon Admission is 45,400,521 shares with voting rights attached (one vote per share). There are no shares held in treasury, therefore this figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Spectra under the DTRs.

Enquiries:

 
Spectra Systems Corporation         Tel: +1 (0)401 274 4700 
 Dr. Nabil Lawandy 
WH Ireland Limited                  Tel: +44 (0)207 220 1650 
 Chris Fielding (Head of Corporate 
 Finance) 
 

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                           Donald Stanford 
     -----------------------------  ---------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                Non-Executive Director 
     -----------------------------  ---------------------------------------- 
 b)   Initial notification/          Initial notification 
       Amendment 
     -----------------------------  ---------------------------------------- 
 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             Regulation S restricted common stock 
       financial instrument,          of US$0.01 
       type of instrument 
                                      USU8457D1091 
       Identification code 
     -----------------------------  ---------------------------------------- 
 b)   Nature of the transaction      Exercise of Options 
     -----------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)     Volume(s) 
                                       $0.60 USD    45,797 
                                                   ---------- 
     -----------------------------  ---------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume        n/a 
                                       n/a 
 
         *    Price 
     -----------------------------  ---------------------------------------- 
 e)   Date of the transaction        18 January 2021 
     -----------------------------  ---------------------------------------- 
 f)   Place of the transaction       London Stock Exchange 
     -----------------------------  ---------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

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END

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January 20, 2021 02:00 ET (07:00 GMT)

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