Spectra Systems Corporation Resignation of Chief Financial Officer (2441M)

TIDMSPSY TIDMSPSC

RNS Number : 2441M

Spectra Systems Corporation

20 May 2022

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Resignation of Chief Financial Officer

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software , announces that Brian McLain, Chief Financial Officer and Company Treasurer, has tendered his notice to resign from the Company on 3 June 2022. Mr. McLain is departing to pursue other business opportunities.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "Brian has been an invaluable resource to the Company and to me and on behalf of the Board I thank him for all of his contribution to Spectra and wish him every success in future. We are confident we will attract highly qualified candidates and be successful in appointing a new Chief Financial Officer in the very near term.

"A search for his successor is underway and we will make an appropriate announcement when that process concludes."

Enquiries:

 
Spectra Systems Corporation                       Tel: +1 (0)401 274 4700 
 Dr. Nabil Lawandy, Chief Executive Officer 
WH Ireland Limited (Nominated Adviser             Tel: +44 (0)20 7220 1650 
 and Broker) 
 Chris Fielding (Head of Corporate Finance) 
 Andrew de Andrade (Executive, Corporate 
 Finance)                                          Tel: +44 (0)20 3328 5665 
 
 Allenby Capital Limited (Joint Broker) 
 Nick Naylor/James Reeve (Corporate Finance) 
 Amrit Nahal (Sales and Corporate Broking)

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.

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May 20, 2022 03:41 ET (07:41 GMT)

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