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: +44 (0) 20 3727 1000 saietta@fticonsulting.com
|
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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