Annual General Meeting Update

RNS Number : 7115B

Spectra Systems Corporation

14 June 2021

 

Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 23 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2021 Annual General Meeting on 14 June 2021. 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	10,291,057	-	587,861	-	10,878,918
Elect Nabil Lawandy as Director	10,291,057	-	587,861	-	10,878,918
Elect Jeremy Fry as Director	10,291,057	-	587,861	-	10,878,918
Elect Donald Stanford as Director	10,291,057	-	587,861	-	10,878,918
Ratification of Appointment of Independent Auditor	7,945,257	587,861	-	2,345,800	10,878,918

Total shares of stock outstanding as of the record date of 19 April 2021 was 45,565,335. Therefore, only approximately 24% 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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