31st Jul 2026 17:37
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)
Related Shares:
Spectra (di/ S)Spectra (unres)