TIDMSED

RNS Number : 7057Q

Saietta Group PLC

19 October 2023

19 October 2023

Saietta Group Plc

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

Lifting of Suspension

Saietta Group plc (AIM: SED), the multi-national business which designs, engineers and manufactures complete electric drivetrain (eDrive) solutions for electric vehicles, announces that its Report and Accounts for the year ended 31 March 2023 have now been uploaded to its website and can be accessed at www.saietta.com/ .

The Company has now requested the restoration of trading in the Company's securities on AIM, which is expected to take place at 12.30pm today.

A printed version of the Company's Report and Accounts will be posted to shareholders in the coming days together with a circular convening a general meeting at which the Report and Accounts will be laid before shareholders. A further announcement will be made confirming the posting of the Report and Accounts and the circular and confirming the time, date and location of the general meeting.

For any further enquiries, please contact:

 
    Saietta Group                                                      via FTI 
     Tony Gott, Executive Chair 
     David Woolley, Chief Executive Officer 
    Canaccord Genuity (Nomad and Broker) 
     Henry Fitzgerald-O'Connor / Harry Pardoe                    0207 523 8000 
    FTI Consulting (Financial PR advisor)            Tel: +44 (0) 20 3727 1000 
     Ben Brewerton / Dhruv Soni                      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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(END) Dow Jones Newswires

October 19, 2023 07:31 ET (11:31 GMT)

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