Annual General Meeting Lack of Quorum
Annual General Meeting lacked quorum with only 42% of shares voted; business not transacted.
- Shares voted 20,175,479 (prior 48,288,702 outstanding)
- Voting participation approximately 42%
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Spectra (AIM: SPSY.L) announces that, having received only 8 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2025 Annual General Meeting on 24 June 2025. The presence in person or by proxy, duly authorized, of the holders of a majority of the outstanding shares of stock entitled to vote constitutes a quorum.
A summary of the votes received is as follows:
| Resolution | For | Against | Discretion | Withheld | Total |
|---|---|---|---|---|---|
| Elect BJ Penn as Director | 20,166,639 | 8,840 | - | - | 20,175,479 |
| Elect Nabil Lawandy as Director | 20,171,059 | 4060 | - | - | 20,175,119 |
| Elect Jeremy Fry as Director | 19,940,178 | 64,050 | - | 170,891 | 20,004,228 |
| Elect Donald Stanford as Director | 20,166,639 | 8,840 | - | - | 20,175,479 |
| Elect Barbara Paldus as Director | 20,166,639 | 8,840 | - | 20,175,479 | |
| Ratification of Appointment of Independent Auditor | 20,152,169 | 20,000 | - | 2,950 | 20,172,169 |
Total shares of stock outstanding as of the record date of 13 June 2024 was 48,288,702. Therefore, only approximately 42% of the shares of stock were voted.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.