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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 | 223.00 | 223.00 | 223.00 | 20,934 | 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 : 8555M
Spectra Systems Corporation
11 January 2019
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 Nabil M. Lawandy, Chief Executive Officer of Spectra.
Dr. Lawandy has exercised options over 500,000 shares of common stock of $0.01 each in the Company ("Shares"), of which he has surrendered 198,996 shares to the Company under the net cashless exercise feature of the options. Accordingly Dr. Lawandy will be issued 301,004 shares, increasing his interest in the issued share capital of the Company to 2,184,544 shares, representing 4.77% percent 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 301,004 Shares to be admitted to trading on AIM, which is expected to take place on or around 16 January 2019 ("Admission").
Following Admission the Company's issued share capital will comprise:
-- 595,850 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and -- 45,245,447 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 following the issue of the Shares is 45,841,297 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 Coporate 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 Nabil M. Lawandy ------------------------------------------------------------ ------------------------------------------------ 2 Reason for the notification -------------------------------------------------------------------------------------------------------------- a) Position/status Chief Executive Officer ------------------------------------------------------------ ------------------------------------------------ b) Initial notification/ Amendment Initial notification ------------------------------------------------------------ ------------------------------------------------ 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 financial instrument, type of instrument Regulation S restricted common stock of US$0.01 Identification code USU8457D1091 ------------------------------------------------------------ ------------------------------------------------ b) Nature of the transaction Exercise of Options ------------------------------------------------------------ ------------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) $0.60 USD 301,004 ---------- ------------------------------------------------------------ ------------------------------------------------ d) Aggregated information 301,004 common shares * Aggregated volume $0.60 USD * Price ------------------------------------------------------------ ------------------------------------------------ e) Date of the transaction 8 January 2019 ------------------------------------------------------------ ------------------------------------------------ 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.
END
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(END) Dow Jones Newswires
January 11, 2019 02:15 ET (07:15 GMT)
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