Spectra Systems Corporation Exercise of Options (6071N)
02 February 2021 - 2:33AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 6071N
Spectra Systems Corporation
01 February 2021
Spectra Systems Corporation
("Spectra" or 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 20,000 shares of common
stock of $0.01 each in the Company ("Shares") with an exercise
price of 25p per Share. The employee has elected to utilize the net
cashless exercise feature and has therefore surrendered 2,755
shares to the Company. Accordingly the employee will be issued
17,245 shares of the Company.
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 17,245
Shares to be admitted to trading on AIM, which is expected to take
place on or around 5 February 2021 ("Admission").
Following Admission the Company's issued share capital will
comprise:
-- 883,527 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC); and
-- 44,534,239 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY).
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the FCA ("DTRs"), the issued share capital of
Spectra upon Admission is 45,417,766 shares with voting rights
attached (one vote per share). There are no shares held in
treasury, therefore this figure may be used by shareholders as the
denominator for the calculation by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, Spectra under the DTRs.
Enquiries:
Spectra Systems Corporation Tel: +1 (0)401 274 4700
Dr. Nabil Lawandy
WH Ireland Limited Tel: +44 (0)207 220 1650
Chris Fielding (Head of Corporate
Finance)
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.
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 rns@lseg.com 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
MSCFLFVEFIILIIL
(END) Dow Jones Newswires
February 01, 2021 10:33 ET (15:33 GMT)
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From Apr 2024 to May 2024
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From May 2023 to May 2024