Additional Allotment and New Issue

RNS Number : 4534Y

Saietta Group PLC

06 September 2022

 

06 September 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 62,188 fully paid up ordinary shares of £0.0011 each in the Group ("Ordinary Shares") to satisfy the exercise by a former staff member of certain options under the Group's unapproved incentive scheme.

Admission of these shares is expected to occur on 12 September 2022 following which the total number of shares in issue and total voting rights will be 102,309,081. 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.

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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