Additional Allotment and New Issue

RNS Number : 5707G

Saietta Group PLC

30 March 2022

 

 30 March 2022

Saietta Group plc

("Saietta" of "the Company")

Additional Allotment and New Issue

Saietta Group plc (AIM: SED), the UK company which designs, engineers and manufactures complete powertrains for electric vehicles on land from scooters to buses and on sea, announces that it has applied to the AIM market of the London Stock Exchange for an additional listing of 6,250 fully paid up ordinary shares of £0.0011 each in the Group ("Ordinary Shares") to satisfy the exercise by staff of certain options under the Group's Enterprise Management Incentive Plan No.5.

Admission of these shares is expected to occur on 05 April 2022 following which the total number of shares in issue and total voting rights will be 85,051,953. The Group does not hold any shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

ENDS

For any further enquiries, please contact:

Saietta Group Wicher (Vic) Kist, Group Chief Executive Steven Harrison, Group Chief Financial Officer	via FTI
Canaccord Genuity (Nomad and Broker) Henry Fitzgerald-O'Connor Patrick Dolaghan	0207 523 8000
FTI Consulting (Financial PR advisor) Ben Brewerton Dhruv Soni	Tel: [phone] [e-mail]

About Saietta:

Saietta is an AIM-quoted, multi-national business which designs, engineers and manufactures complete powertrains for electric vehicles on land from scooters to buses and on sea.

Saietta has engineered breakthrough electric motor technology including proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which is mated to in-house controllers and transmissions. The design is unique and modular, delivering both high and low voltage electric drive solutions.

Saietta's difference lies in its ability to conceive powertrain solutions tailored to deliver competitive advantage and its turnkey engineering services designed to fast-track electric vehicle manufacturers from concept to start of production.

 

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