Result of AGM

RNS Number : 4480B

Saietta Group PLC

03 October 2022

 

03 October 2022

Saietta Group plc

("Saietta" or "the Company" or "the Group")

Results of AGM

Saietta (AIM: SED), the international electric powertrain group, is pleased to confirm that at the Annual General Meeting of the Company held on 30 September 2022, shareholders voted in favour of the resolutions and therefore all were duly passed.

The votes were cast as follows:

Resolution	For		Against		Discretionary		Withheld
1)  To receive the annual report and audited consolidated financial statements of the Company for the year ended 31 March 2022	50,980,586	98.9%	543,478	1.1%	0	0.0%	0	0.0%
2)  To reappoint Anthony Gott as a director of the Company	50,233,547	97.5%	1,290,517	2.5%	0	0.0%	0	0.0%
3)  To reappoint Wicher Kist as a director of the Company	51,523,345	100%	719	0.0%	0	0.0%	0	0.0%
4)  To reappoint Steven Harrison as a director of the Company	51,523,345	100%	719	0.0%	0	0.0%	0	0.0%
5)  To reappoint David Wilkinson as a director of the Company	44,446,252	86.3%	7,077,812	13.7%	0	0.0%	0	0.0%
6)  To reappoint Emmanuel Clair as a director of the Company	45,192,572	87.7%	6,331,492	12.3%	0	0.0%	0	0.0%
7)  To reappoint Seshu Bhagavathula as a director of the Company	51,523,345	100%	719	0.0%	0	0.0%	0	0.0%
8)  To reappoint BDO LLP as auditors of the Company	50,233,726	97.5%	1,290,338	2.5%	0	0.0%	0	0.0%
9)  To authorise the directors to determine the remuneration of the Company's auditors	50,777,744	98.6%	746,320	1.4%	0	0.0%	0	0.0%
10)  To grant authority to the directors of the Company to allot shares in the capital of the Company and grant rights to subscribe for or convert any security into shares in the Company	51,515,618	100%	6,934	0.0%	0	0.0%	1,512	0.0%
11)  To dis-apply statutory pre-emption rights in respect of the allotment of shares granted under the authority in resolution 10	51,335,607	99.6%	9,715	0.0%	52,118	0.1%	126,624	0.2%

For any further enquiries, please contact:

Saietta Group plc Wicher (Vic) Kist, Group Chief Executive Officer 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 Light Duty and Heavy Duty eDrive solutions for electric vehicles on land from scooters to buses (Vehicle categories L, M, N and T) as well as marine applications (www.saietta.com).

Saietta has engineered breakthrough electric motor technology including proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which can be combined with in-house power electronics, powertrain controls, mechanical axles, and transmissions. The designs are 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.

To demonstrate the outstanding attributes of the AFT technology the company also founded its own next-generation marine propulsion division Propel (www.propel.me) which delivers solutions for boating in the electric era that support the transition to decarbonization and clean mobility on waterways.

 

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