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: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding (Managing Director, Corporate Finance) Tel: +44 (0) 20 7220 1650
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