Spectra Systems Corporation Exercise of Options and Director/PDMR Shareholding (2334M)
January 20 2021 - 2:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 2334M
Spectra Systems Corporation
20 January 2021
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 the exercise of options by
Donald Stanford, Non-Executive Director of Spectra.
Mr. Stanford has exercised options over 60,000 shares of common
stock of $0.01 each in the Company ("Shares") with an exercise
price of $0.60 per Share. Mr. Stanford has elected to utilize the
net cashless exercise feature and has therefore surrendered 14,203
shares to the Company. Accordingly Mr. Stanford will be issued
45,797 shares, increasing his interest in the issued share capital
of the Company to 45,797 shares, representing 0.10% of its issued
share capital.
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 45,797
Shares to be admitted to trading on AIM, which is expected to take
place on or around 25 January 2021 ("Admission").
Following Admission the Company's issued share capital will
comprise:
-- 866,282 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 45,400,521 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)
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 Donald Stanford
----------------------------- ----------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------------- ----------------------------------------
b) Initial notification/ Initial notification
Amendment
----------------------------- ----------------------------------------
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 Regulation S restricted common stock
financial instrument, of US$0.01
type of instrument
USU8457D1091
Identification code
----------------------------- ----------------------------------------
b) Nature of the transaction Exercise of Options
----------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
$0.60 USD 45,797
----------
----------------------------- ----------------------------------------
d) Aggregated information
* Aggregated volume n/a
n/a
* Price
----------------------------- ----------------------------------------
e) Date of the transaction 18 January 2021
----------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange
----------------------------- ----------------------------------------
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
MSCKKLFFFFLLBBF
(END) Dow Jones Newswires
January 20, 2021 02:00 ET (07:00 GMT)
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From Apr 2023 to Apr 2024