Spectra Systems Corporation Exercise of Options and Removal of Regulation S (1138N)
15 Maggio 2020 - 6:24PM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 1138N
Spectra Systems Corporation
15 May 2020
Spectra Systems Corporation
("Spectra Systems" or the "Company")
Exercise of Options and Removal of Regulation S Restrictions
Spectra Systems announces that an employee has recently
exercised options over 10,000 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
or will be issued pursuant to an exemption from registration under
Rule701 promulgated under the US Securities Act of 1933.
Accordingly the Company will apply for 10,000 Shares to be
admitted to trading on AIM and it is anticipated that trading in
such shares will commence on 21 May 2020 ("Admission").
The Company further announces that restrictive legends have been
removed from a further 33,869 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)
Following Admission the Company's issued share capital will
comprise:
566,455 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC); and
45,241,176 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY).
Spectra Systems has no Shares in treasury, therefore 45,807,631
may be used by shareholders, from Admission, 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
WH Ireland Limited
Chris Fielding, Managing Director, Corporate Finance Tel: +44
(0) 20 7220 1650
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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