REG - Saietta Group PLC - Additional Allotment and New Issue

SaiettaAnnouncement

06/09/2022 11:30

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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                                    via FTI

 Wicher (Vic) Kist, Group Chief Executive

 Steven Harrison, Group Chief Financial Officer

 Canaccord Genuity (Nomad and Broker)             0207 523 8000

 Henry Fitzgerald-O'Connor

 Patrick Dolaghan

 FTI Consulting (Financial PR advisor)            Tel: +44 (0) 20 3727 1000

 Ben Brewerton                                    saietta@fticonsulting.com

 Dhruv Soni

 

 

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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