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: +1 (0) 401 274 4700
| 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: +44 (0)20 7220 1650
Tel: +44 (0)20 3328 5665
|
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