31 July 2026
Spectra Systems Corporation
("the Company" or "Spectra")
Annual General Meeting Lack of Quorum
Spectra (AIM: SPSY.L) announces that, having received only 6 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2026 Annual General Meeting on 31 July 2026. 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 10,477,338 10,304 - 4,220,104 10,487,642 | Elect Nabil Lawandy as Director 14,695,803 10,304 1,110 529 14,707,217 | Elect Jeremy Fry as Director 10,312,292 10,000 - 4,385,454 10,322,292 | Elect Donald Stanford as Director 10,477,338 10,304 - 4,220,104 10,487,642 | Elect Barbara Paldus as Director 10,477,642 10,000 - 4,220,104 10,487,642 | Ratification of Appointment of Independent Auditor 10,481,726 4,225,820 - 200 14,707,546 |
Total shares of stock in issue as of the record date of 3 July 2026 was 48,444,151, of which 20,000 shares were held in treasury. The total number of shares of stock outstanding and entitled to vote was therefore 48,424,151, and only approximately 30% of those shares were voted.
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0)401 274 4700
Zeus (Nominated Adviser and Joint Broker)
James Joyce / Andrew de Andrade (Investment Banking) Tel: +44 (0) 203 829 5000
Allenby Capital Limited (Joint Broker)
Nick Naylor / James Reeve (Corporate Finance) Tel: +44 (0) 203 328 5665
Amrit Nahal (Sales and Corporate Broking)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END RAGAKDBNABKDAON