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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 | 0.00% | 223.00 | 216.00 | 230.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Programming Service | 19.63M | 6.15M | 0.1364 | 19.06 | 117.15M |
TIDMSPSY TIDMSPSC
RNS Number : 6680M
Spectra Systems Corporation
25 May 2022
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 both Brian McLain, Chief Financial Officer of Spectra and an employee.
Mr. McLain has exercised options over 212,000 shares of common stock of $0.01 each in the Company ("Shares"), with an exercise price of $0.49 per share. Mr. McLain has elected to utilize the net cashless exercise feature and has surrendered 56,762 shares to the Company at the prevailing market price of $1.83. Accordingly Mr. McLain will be issued a net total of 155,238 shares, increasing his interest in the issued share capital of the Company to 193,238 shares, representing 0.42% of its issued share capital.
In addition, an employee has exercised options over 19,000 shares of common stock of $0.01 each in the Company ("Shares"), with an exercise price of 25p per share. The Company has received US$5,924.17 in respect of this exercise of options.
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 174,238 Shares to be admitted to trading on AIM, which is expected to take place on or around 31 May 2022 ("Admission").
Following Admission the Company's issued share capital will comprise:
-- 1,148,830 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and
-- 44,345,847 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 45,494,677 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
Enquiries:
Spectra Systems Corporation Tel: +1 (0)401 274 4700 Dr. Nabil Lawandy, Chief Executive Officer WH Ireland Limited (Nominated Adviser Tel: +44 (0)20 7220 1650 and Broker) Tel: +44 (0)20 3328 5665 Chris Fielding (Head of Corporate Finance) Andrew de Andrade (Executive, Corporate 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. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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 Brian McLain 2 Reason for the notification a) Position/status Chief Financial Officer 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 of financial instrument, 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) $0.49 USD 155,238 d) Aggregated information 155,238 common shares - Aggregated volume $0.49 USD - Price e) Date of the transaction 24 May 2022 f) Place of the transaction London Stock Exchange
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END
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(END) Dow Jones Newswires
May 25, 2022 03:30 ET (07:30 GMT)
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