RNS Number : 2380O
Spectra Systems Corporation
24 June 2025
 

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

 

 

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