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On 27 June 2022, WH Ireland Limited purchased for cancellation 200,000 of Spectra Systems Corporation's common shares at a price of 130 pence per share. This purchase was made in accordance with a board authority dated 8 April 2019 for up to 4,500,000 shares, bringing the total shares purchased and cancelled under this authority to 1,346,000. Following this cancellation, the Company's issued share capital now comprises 45,294,677 common shares.
| Date | 28 Jun 2022 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 3719Q |
Spectra Systems Corporation
("Spectra" or the "Company")
Share Buy-Back
The board of Spectra announces that on 27 June 2022 WH Ireland Limited purchased for cancellation 200,000 of Spectra's common shares (unrestricted line with ISIN US84756T1060) at a price of 130 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 1,346,000 common shares have been purchased and cancelled under this authority.
The Company advises that, following this purchase and cancellation, the Company's issued share capital now comprises 45,294,677 common shares as follows:
· 1,148,830 shares in the Regulation S stock line ISIN number USU8457D1091 (AIM:SPSC); and
· 44,145,847 shares in the unrestricted line ISIN number US84756T1060 (AIM:SPSY).
Spectra Systems has no Shares in treasury, therefore 45,294,677 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
Andrew de Andrade (Executive, Corporate Finance)
The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.