Latest Share Chat

SED.L Share News (SED)

SED.L Information

There is currently no data for SED

Saietta shares cancelled from AIM trading as puts itself up for sale

Fri, 05th Apr 2024 11:28

(Alliance News) - Shares in Saietta Group PLC on Friday were cancelled from trading on AIM.

This comes after the Towcester, England-based manufacturer of drivetrain systems for electric vehicles firm ended its strategic review and appointed administrators last month, following failure to confirm a buyer for the business or to secure additional funding.

It had confirmed some expressions of interest were received but no proposal provided the necessary liquidity, and noted that talks with interested parties would continue in administration.

Saietta first announced that it was putting itself up for sale amid doubts over its survival in February.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

15 Jun 2022 15:54

Saietta announces more integrated technology focus

(Sharecast News) - Electric powertrain company Saietta Group updated the market on developments with its core 'axial flux technology' (AXT) on Wednesday, which is primarily targeted at the light-duty automotive and 'e-drive' sector.

15 Jun 2022 14:52

IN BRIEF: Saietta to scale up axial flux technology motors production

Saietta Group PLC - Bicester, England-based engineering company specialising in electric vehicles - Continues to make progress towards scaling-up production of axial flux technology motors and other productions following the addition of an electric motor manufacturing facility in Sunderland. Says it will prioritise mass production of the AFT140 over other products in the axial flux technology portfolio moving forward. Expects this to enhance its long term revenue and margin prospects.

25 Apr 2022 17:33

TRADING UPDATES: CentralNic, Mind Gym anticipate growth in revenue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

4 Apr 2022 21:53

TRADING UPDATES: Conroy wins licences; Likewise first quarter strong

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

5 Jan 2022 10:09

Canaccord hikes target price for electric drive specialist Saietta Group

(Sharecast News) - Analysts at Canaccord Genuity hiked their target price for shares of electric drive solution specialist Saietta Group on the basis of the " continued high level of interest in the electrification of transport" and in anticipation of license sales announcements.

20 Dec 2021 20:29

TRADING UPDATES: Saietta sales surge; Geiger Counter assets rise

11 Nov 2021 19:43

TRADING UPDATES: Beximco profit rises; Tremor buoyant as sales rise

11 Nov 2021 10:20

Saietta acquires e-Traction from China's Evergrande

(Sharecast News) - Motor design and manufacturing organisation Saietta Group said on Thursday that it had agreed to acquire e-Traction Europe from the Evergrande New Energy Automotive Group.

27 Sep 2021 11:15

AIM WINNERS & LOSERS: Saietta opens "significant" new motor market

27 Sep 2021 10:05

Saietta develops new product amid high demand for its axial flux motor

7 Jul 2021 15:31

Electric motor maker Saietta targets Asia as shares rise 5% on debut

6 Jul 2021 06:50

Electric motor maker Saietta raises GBP38 million ahead of AIM debut

21 Jul 2010 11:01

Saltus European Debt Buys Back 33,845 Shares At 43.97P

LONDON (Dow Jones)--Saltus European Debt Strategies Ltd. (SED.LN) said Wednesday it has acquired 33,845 of its ordinary shares for cancellation at an average price of 43.97 pence per share. -Shares at 1000 GMT flat at 44.25 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268

Latest Share Chat

SED.L Share News (SED)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Saietta shares cancelled from AIM trading as puts itself up for sale

Login to your account

Quickpicks are a member only feature

Login to your account