REG - Saietta Group PLC - Result of AGM

SaiettaAnnouncement

03/10/2022 07:00

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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           50,980,586  98.9%  543,478    1.1%   0        0.0%     0        0.0%
 statements of the Company for the year ended 31 March 2022
 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           50,777,744  98.6%  746,320    1.4%   0        0.0%     0        0.0%
 Company's auditors
 10)  To grant authority to the directors of the Company to allot shares in      51,515,618  100%   6,934      0.0%   0        0.0%     1,512    0.0%
 the capital of the Company and grant rights to subscribe for or convert any
 security into shares in the Company
 11)  To dis-apply statutory pre-emption rights in respect of the allotment of   51,335,607  99.6%  9,715      0.0%   52,118   0.1%     126,624  0.2%
 shares granted under the authority in resolution 10

 

 

For any further enquiries, please contact:

 

 Saietta Group plc                                  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 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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