Business
Annual General Meeting Lack of Quorum
Annual General Meeting Lack of Quorum.
About this update from Spectra Systems Corporation
[{"type":"text","content":"\n\nSpectra Systems Corporation\n(\"The Company\" or \"Spectra\")\nAnnual General Meeting Lack of Quorum\nSpectra (AIM: SPSY.L) announces that, having received only 8 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2025 Annual General Meeting on 24 June 2025. 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.\nA summary of the votes received is as follows:\n\n\n\n\nResolution\n\n\nFor\n\n\nAgainst\n\n\nDiscretion\n\n\nWithheld\n\n\nTotal\n\n\n\n\nElect BJ Penn as Director\n\n\n \n20,166,639\n \n\n\n \n8,840\n\n\n-\n\n\n-\n\n\n \n20,175,479\n\n\n\n\nElect Nabil Lawandy as Director\n\n\n \n20,171,059\n\n\n \n4060\n\n\n-\n\n\n-\n\n\n \n20,175,119\n\n\n\n\nElect Jeremy Fry as Director\n\n\n \n19,940,178\n \n\n\n \n64,050\n\n\n-\n\n\n170,891\n\n\n20,004,228\n\n\n\n\nElect Donald Stanford as Director\n\n\n \n20,166,639\n\n\n \n8,840\n\n\n-\n\n\n-\n\n\n \n20,175,479\n\n\n\n\nElect Barbara Paldus as Director\n\n\n \n20,166,639\n\n\n \n8,840\n\n\n-\n\n\n\n\n\n \n20,175,479\n\n\n\n\nRatification of Appointment of Independent Auditor\n\n\n20,152,169\n \n\n\n20,000\n \n\n\n-\n\n\n2,950\n \n\n\n \n20,172,169\n \n \n\n\n\n\nTotal shares of stock outstanding as of the record date of 13 June 2024 was 48,288,702. Therefore, only approximately 42% of the shares of stock were voted. \nEnquiries:\n \n\n\n\n\nSpectra Systems Corporation\nDr. Nabil Lawandy, Chief Executive Officer\n \n\n\nTel: +1 (0)401 274 4700\n \n\n\n\n\nZeus Capital Limited (Nominated Adviser and Broker)\nChris Fielding (Head of Corporate Finance)\nAndrew de Andrade (Executive, Corporate Finance) \n \nAllenby Capital Limited (Joint Broker)\nNick Naylor/James Reeve (Corporate Finance)\nAmrit Nahal (Sales and Corporate Broking) \n\n\nTel: +44 (0)20 3829 5000\n \n \n \nTel: +44 (0)20 3328 5665\n \n\n\n\n\n \n\n","length":10161,"tagName":"div"}]