Spectra Systems Corporation Share Buy-Back and Removal of Reg S Restrictions (0059R)
June 25 2020 - 1:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 0059R
Spectra Systems Corporation
25 June 2020
Spectra Systems Corporation
("Spectra" or the "Company")
Share Buy-Back and Removal of Regulation S restrictions
The board of Spectra announces that on 24 June 2020 WH Ireland
Limited purchased for cancellation 225,000 of Spectra's common
shares (unrestricted line with ISIN US84756T1060) at a price of
122.5 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 371,000 common shares have been purchased and cancelled
under this authority.
The Company further announces that restrictive legends have been
removed from a further 35,670 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
45,537,631 common shares as follows:
530,785 shares in the Regulation S stock line ISIN number
USU8457D1091 (AIM:SPSC); and
45,006,846 shares in the unrestricted line ISIN number
US84756T1060 (AIM:SPSY).
Spectra Systems has no Shares in treasury, therefore 45,537,631
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
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END
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