Spectra Systems Corporation Exercise of Options (5893F)
May 18 2017 - 10:47AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 5893F
Spectra Systems Corporation
18 May 2017
Spectra Systems Corporation
("Spectra Systems" or the "Company")
Exercise of Options
Spectra Systems announces that employees have recently exercised
options over 9,020 shares of common stock $0.01 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 9,020 Shares to be
admitted to trading on AIM and it is anticipated that trading in
such shares will commence on 24 May 2017 ("Admission").
Following Admission the Company's issued share capital will
comprise:
594,838 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC); and
44,811,913 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY).
Spectra Systems has no Shares in Treasury, therefore 45,406,751
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 (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650
This information is provided by RNS
The company news service from the London Stock Exchange
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