Spectra Systems Corporation
("The Company" or "Spectra")
Annual General Meeting Lack of Quorum
Spectra (AIM: SPSY.L) announces that, having received only 8 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2025 Annual General Meeting on 24 June 2025. 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 | 20,166,639 | 8,840 | - | - | 20,175,479 |
Elect Nabil Lawandy as Director | 20,171,059 | 4060 | - | - | 20,175,119 |
Elect Jeremy Fry as Director | 19,940,178 | 64,050 | - | 170,891 | 20,004,228 |
Elect Donald Stanford as Director | 20,166,639 | 8,840 | - | - | 20,175,479 |
Elect Barbara Paldus as Director | 20,166,639 | 8,840 | - | 20,175,479 | |
Ratification of Appointment of Independent Auditor | 20,152,169 | 20,000 | - | 2,950 | 20,172,169 |
Total shares of stock outstanding as of the record date of 13 June 2024 was 48,288,702. Therefore, only approximately 42% of the shares of stock were voted.
Enquiries:
Spectra Systems Corporation Dr. Nabil Lawandy, Chief Executive Officer | Tel: +1 (0)401 274 4700 |
Zeus Capital Limited (Nominated Adviser and Broker) 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) | Tel: +44 (0)20 3829 5000 Tel: +44 (0)20 3328 5665 |