Annual General Meeting Lack of Quorum

Spectra Systems Corporation

26 June 2023

 

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 17 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2023 Annual General Meeting on 26 June 2023. 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	13,631,770	-	-	1,354,874	14,986,644
Elect Nabil Lawandy as Director	14,986,644	-	-	-	14,986,644
Elect Jeremy Fry as Director	14,986,644	-	-	-	14,986,644
Elect Donald Stanford as Director	13,631,770	1,354,874	-	-	14,986,644
Elect Dr Barbara Paldus as Director	14,986,644	-	-	-	14,986,644
Ratification of Appointment of Independent Auditor	8,779,408	1,354,874	-	4,852,362	14,986,644

Total shares of stock outstanding as of the record date of 26 June, 2023 was 45,059,114. Therefore, only approximately 33% of the shares of stock were voted.                    

Enquiries:

Spectra Systems Corporation

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

WH Ireland Limited (Nominated Adviser and Broker) Chris Fielding (Managing Director, Corporate Finance) James Bavister (Assistant Director, 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: [phone] Tel: [phone]

 

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