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
|