SPSY.L

Spectra Systems Corporation
Spectra Systems - Exercise of Options
18th December 2024, 15:58
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RNS Number : 6390Q
Spectra Systems Corporation
18 December 2024
 

Spectra Systems Corporation

(the "Company")

Exercise of Options

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces the exercise of options by an employee of Spectra.

The employee has exercised options over 13,339 shares of common stock of $0.01 each in the Company ("Shares") with an exercise price of 25p per share on 16 December 2024. The employee has elected to utilize the net cashless exercise feature and has therefore surrendered 1,339 shares to the Company. Accordingly, the employee will be issued 12,000 shares.

The shares being issued are restricted securities as defined in Rule 144 of the US Securities Act of 1933 and have been issued pursuant to an exemption from registration under Rule 701 promulgated under the US Securities Act of 1933.

Accordingly, the Company has issued and will apply for 12,000 Shares to be admitted to trading on AIM, which is expected to take place on or around 24 December 2024 ("Admission").The Company's issued share capital now comprises:

571,380 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and

47,669,592 shares in the unrestricted line ISIN number US84756T1060 (AIM:SPSY).

Spectra Systems has no Shares in treasury, therefore 48,240,972 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 

 

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer

                         

Tel: +1 (0)401 274 4700

 

Zeus (Nominated Adviser and Broker)

Chris Fielding (Director, Investment Banking)

James Bavister (Assistant Director)

Andrew de Andrade (Associate, Corporate Finance) 

 

Allenby Capital Limited (Joint Broker)

Nick Naylor/James Reeve (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking) 

Tel: +44 (0)20 3829 5000

 

 

 

Tel: +44 (0)20 3328 5665

 

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