REG - Saietta Group PLC - Extension to Broker Option

SaiettaAnnouncement

12/12/2023 17:15

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RNS Number : 5427W  Saietta Group PLC  12 December 2023

12 December 2023

Saietta Group Plc

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

 

Extension to Broker Option

 

Further to the announcement on 27 November 2023, Saietta Group plc (AIM: SED)
announces that it has granted an extension to the latest time and date by
which the Broker Option can be exercised to 10.00 a.m. on 15(th) December
2023.  Proceeds from the Broker Option would provide additional working
capital for the Company and for the Company's joint venture, Saietta VNA.

 

 

For any further enquiries, please contact:

 

 Saietta Group                              contact@saietta.com

 Tony Gott, Executive Chair

 David Woolley, Chief Executive Officer

 Canaccord Genuity (Nomad and Broker)       0207 523 8000

 Henry Fitzgerald-O'Connor / Harry Pardoe

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.

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