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DISPOSAL OF INTEREST IN YASA LIMITED AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Disposal of interest in YASA Limited Shareholders are referred to the latest cautionary announcement released by Universal Partners on 22 July 2021 and are advised that the Company has completed the disposal of its interest in YASA Limited (‘YASA’) to Daimler UK, a subsidiary of Mercedes Benz AG (‘MBAG’â) (the ‘Transaction’). The Transaction was completed on 3 August 2021. After acquiring all of the shares in YASA, including the 21.95% (fully diluted) held by the Company, MBAG is now the owner of 100% of the shares and claims in YASA. YASA manufactures very powerful, lightweight Axial Flux electric motors for the Automotive industry and is currently ....
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