Result of AGM

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 statements of the Company for the year ended 31 March 2022

50,980,586

98.9%

543,478

1.1%

0

0.0%

0

0.0%

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 Company's auditors

50,777,744

98.6%

746,320

1.4%

0

0.0%

0

0.0%

10)  To grant authority to the directors of the Company to allot shares in the capital of the Company and grant rights to subscribe for or convert any security into shares in the Company

51,515,618

100%

6,934

0.0%

0

0.0%

1,512

0.0%

11)  To dis-apply statutory pre-emption rights in respect of the allotment of shares granted under the authority in resolution 10

51,335,607

99.6%

9,715

0.0%

52,118

0.1%

126,624

0.2%

 

 

For any further enquiries, please contact:

 

Saietta Group plc

Wicher (Vic) Kist, Group Chief Executive Officer

Steven Harrison, Group Chief Financial Officer

 

via FTI

Canaccord Genuity (Nomad and Broker)

Henry Fitzgerald-O'Connor

Patrick Dolaghan

 

0207 523 8000

FTI Consulting (Financial PR advisor)

Ben Brewerton

Dhruv Soni

 

Tel: +44 (0) 20 3727 1000

saietta@fticonsulting.com

 

 

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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