Last checked at 18 Apr 2019 07:00
Spectra Systems Corporation
("Spectra" or the "Company")
Exercise of Options and Director/PDMR Shareholding
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces that BJ Penn, Non-Executive Chairman of Spectra, has exercised options over 30,000 shares of common stock of $0.01 each in the Company ("Shares"). The shares 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 30,000 Shares to be admitted to trading on AIM, which is expected to take place on or around 25 April 2019 ("Admission"). Consequently, BJ Penn will hold an interest in 30,000 shares of the Company.
Following Admission the Company's issued share capital will comprise:
· 625,850 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and
· 45,245,447 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 following Admission will be 45,871,297 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 Dr. Nabil Lawandy, Chief Executive Officer
| Tel: +1 (0)401 274 4700
|
WH Ireland Limited Chris Fielding, Managing Director, Corporate Finance | Tel: +44 (0)207 220 1650
|
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Buddie J Penn | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Spectra Systems Corporation | ||||
b) | LEI | 21380047EWJYQG53D640 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Regulation S restricted common stock of US$0.01
USU8457D1091 | ||||
b) | Nature of the transaction | Exercise of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
30,000 common shares $0.60 USD | ||||
e) | Date of the transaction | 16 April 2019 | ||||
f) | Place of the transaction | Off market | ||||