Annual General Meeting Lack of Quorum

RNS Number : 0971D

Spectra Systems Corporation

24 June 2019

 

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2019 Annual General Meeting on 24 June 2019. 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	11,497,101	-	33,869	-	11,530,970
Elect Nabil Lawandy as Director	11,530,970	-	-	-	11,530,970
Elect Martin Jaskel as Director	10,766,470	-	764,500	-	11,530,970
Elect Donald Stanford as Director	11,530,970	-	-	-	11,530,970
Approval of  Amended & Restated Compensation Plan	11,514,811	15,049	-	1,110	11,530,970
Ratification of Appointment of Independent Auditor	10,751,421	15,049	764,500	-	11,530,970

Total shares of stock outstanding as of the record date of 26 April 2019 was 45,871,297. Therefore, only approximately 25% of the shares of stock were voted.                    

Enquiries:

 Spectra Systems Corporation

Dr. Nabil Lawandy (Chief Executive Officer)                                                Tel: [phone]

WH Ireland Limited

Chris Fielding (Managing Director, Corporate Finance)                              Tel: [phone]

 

END

 

 

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