Result of AGM

Saietta Group PLC

27 September 2023

 

Wednesday 27 September 2023

Saietta Group Plc

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

Results of Annual General Meeting

Saietta Group plc (AIM: SED), the electric vehicle drivetrain ("eDrive") specialist, announces the results of voting at its Annual General Meeting, held yesterday at 10.00 am at the offices of Fieldfisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT.

All resolutions were duly passed on a show of hands. The full text of each resolution was included in the Company's Notice of Annual General Meeting posted to shareholders on 1 September 2023.

A summary of the proxy votes received by the Company are as follows:

Resolution	For	Against	Discretion to Chairman	Withheld	Total
01	56,247,652	8,331	62,188	27,281	56,345,452
02	55,922,718	338,200	62,188	22,346	56,345,452
03	55,339,106	921,812	62,188	22,346	56,345,452

 Total Voting Rights: 102,917,675

As noted in its announcement on 25 September 2023, the Company is targeting release of the annual report and accounts on 29 September and will then convene a further general meeting of shareholders at which the annual report and accounts will be laid before members. A further announcement will be made in due course.

-Ends-

For any further enquiries, please contact:

Saietta Group Tony Gott, Executive Chair Steven Harrison, Chief Financial Officer	via FTI
Canaccord Genuity (Nomad and Broker) Henry Fitzgerald-O'Connor / Harry Pardoe	0207 523 8000
FTI Consulting (Financial PR advisor) Ben Brewerton / Dhruv Soni	Tel: [phone] [e-mail]

About Saietta Group plc

Listed on the London Stock Exchange's AIM, Saietta is a global business that designs, develops and manufactures complete electric drivetrain (eDrive) solutions for established manufacturers of a broad range of electric vehicles. 

Saietta's breakthrough proprietary technologies include AFT (Axial Flux Technology) and RFT (Radial Flux Technology) motors, power electronics, powertrain controls, mechanical axles, transmissions and vehicle control units. Considerable flexibility is built into the core design, meaning solutions can be quickly and cost effectively tailored to a specific application.

Saietta works in a highly collaborative way with clients, driven by the belief that partnership is key to delivering world-class tailored solutions at pace. Saietta's engineering team takes time to deeply understand a client's brand, target market sector, competition and the services they require. Then Saietta develops a bespoke suite of products and services to fast-track the client to production with eDrive solutions which deliver a sustainable competitive advantage.

 

END