REG - Saietta Group PLC - Additional Allotment and New Issue

SaiettaAnnouncement

21/02/2023 16:45

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RNS Number : 6152Q  Saietta Group PLC  21 February 2023

21 February 2023

Saietta Group plc

("Saietta" of "the Company")

 

Additional Allotment and New Issue

 

Saietta Group plc (AIM: SED), the multi-national business which designs,
engineers and manufactures complete Light-duty and Heavy-duty e-drive systems
for electric vehicle, announces that it has applied to the AIM market of the
London Stock Exchange for an additional listing of 85,528 fully paid-up
ordinary shares of £0.0011 each in the Group ("Ordinary Shares") to satisfy
the exercise of certain options granted under the Group's SMTB approved plan.

 

Admission of these shares is expected to occur on 27 February 2023 following
which the total number of shares in issue and total voting rights will be
102,917,675. 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 Officer

 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 Light-duty and Heavy-duty e-drive systems for electric
vehicles on land from scooters to buses (Vehicle categories L, M, N and T) as
well as marine applications.

 

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 and the
company also founded it's 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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