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Saietta Group plc shareholders passed all 11 resolutions at the Annual General Meeting held on 30 September 2022. These resolutions included receiving the annual report and financial statements for the year ended 31 March 2022 (98.9% For) and reappointing directors Anthony Gott (97.5% For), Wicher Kist (100% For), Steven Harrison (100% For), David Wilkinson (86.3% For), Emmanuel Clair (87.7% For), and Seshu Bhagavathula (100% For). Shareholders also approved the reappointment of BDO LLP as auditors (97.5% For), authorised directors to determine auditor remuneration (98.6% For), and granted authority to allot shares (100% For), including dis-applying pre-emption rights (99.6% For).
| Date | 3 Oct 2022 |
| Time | 07:00:11 |
| Category | AGMs and other meetings |
| ID | 4480B |
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
|
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.