Last checked at 3 Apr 2020 16:56
Spectra Systems Corporation
("Spectra" or the "Company")
Share Buy-Back and Removal of Regulation S restrictions
The board of Spectra announces that on 1 April 2020 WH Ireland Limited purchased for cancellation 50,000 of Spectra's common shares (unrestricted line with ISIN US84756T1060) at a price of 120 pence per share. This purchase was made in accordance with the Company's Byelaws and with a board authority dated 8 April 2019 for up to 4,500,000 of the Company's shares to be bought back. A total of 101,000 common shares have been purchased and cancelled under this authority.
The Company further announces that restrictive legends have been removed from a further 4,359 shares of common stock of the Company. As a result, these share have transferred from the Regulation S stock line ISIN number USU8457D1091 (AIM: SPSC) into the unrestricted line ISIN number US84756T1060 (AIM: SPSY)
The Company advises that, following this purchase and cancellation, the Company's issued share capital now comprises 45,797,631 common shares as follows:
590,324 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM: SPSC); and
45,207,307 shares in the unrestricted line ISIN number US84756T1060 (AIM: SPSY).
The total number of shares with voting rights is now 45,797,631. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company from the date of this announcement.
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