REG - CT Automotive Group - Annual Report and Accounts 2021 and 2022 AGM

CT AutomotiveAnnouncement

06/06/2022 16:15

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RNS Number : 8823N  CT Automotive Group PLC  06 June 2022

6 June 2022

 

CT AUTOMOTIVE GROUP PLC

("CT Automotive" or the "Group")

 

Annual Report and Accounts 2021 and 2022 Annual General Meeting

 

CT Automotive, a leading designer, developer and supplier of interior
components to the global automotive industry, announces that its Annual Report
and Accounts for the year ended 31 December 2021 are available on the website
at https://ct-automotive.net/investors/ (https://ct-automotive.net/investors/)
#reports and copies have been posted to shareholders.

 

The Annual General Meeting ("AGM") will be held on Tuesday 5 July 2022 at 9.00
a.m. at Fieldfisher's offices, 9th Floor, Riverbank House, 2 Swan Lane, London
EC4R 3TT.

 

Due to the ongoing COVID-19 situation, the Board considers it appropriate to
minimise physical attendance at the AGM. Shareholders are therefore encouraged
to vote by proxy. Whilst all shareholders are entitled to physically attend
the AGM, please consider carefully before doing so.

 

Shareholders will also be able to attend the event virtually by visiting the
AGM section of CT Automotive's website at:
https://ct-automotive.net/investors/AGM2022
(https://ct-automotive.net/investors/AGM2022) and following the link to the
webcast for shareholder authentication. Access to the AGM will be available
from 30 minutes before the start of the event, although attendees will not be
able to submit questions until they are logged in.

 

Should shareholders wish to put questions to the Directors, these can be
submitted via the investor website or by emailing media@ct-automotive.net in
advance of the AGM. Any questions raised will be published on the website
after the AGM, together with the results of voting. Please include an Investor
Code (IVC) in any correspondence.

 

For further information, please contact:

 

CT Automotive
 
via. MHP

Simon Phillips, Executive Chairman

Scott McKenzie, Chief Executive Officer

David Wilkinson, Chief Financial Officer

 

MHP Communications (Financial
PR)
                Tel: +44 (0)20 3100 8540

Tim
Rowntree
                CTAutomotive@mhpc.com

Charlie Barker

Charlie Protheroe

 

Liberum (Nominated Adviser and Broker)
 
                Tel: +44 (0)20 3100 2000

Richard Lindley

Benjamin Cryer

 

Notes to editors

 

CT Automotive is engaged in the design, development and manufacture of bespoke
automotive interior finishes (for example dashboard panels and fascia
finishes) and kinematic assemblies (for example air registers, arm rests,
deployable cup holders and storage systems), as well as their associated
tooling, for the world's leading automotive original equipment suppliers
("OEMs") and global Tier One manufacturers.

 

The Group is headquartered in the UK with a low-cost manufacturing footprint.
Key production facilities are located in Shenzhen and Ganzhou, China
complemented by additional manufacturing facilities in Turkey, the Czech
Republic and the UK.

 

CT Automotive's operating model enables it to pursue a price leadership
strategy, supplying high quality parts to customers at a lower overall landed
cost than competitors. This has helped the Group build a high-quality roster
of OEM end customers, both directly and via Tier One suppliers including
Faurecia and Marelli. End customers include volume manufacturers, such as
Nissan, and luxury car brands such as Bentley and Lamborghini. In addition,
the Group supplies electric car manufacturers, including Lucid. It has also
recently started working with e.Go Mobile, a German manufacturer which plans
to launch a series of small electric vehicles for the budget end of the
market.

 

The Group currently supplies component part types to over 47 different models
for 19 OEMs. Since its formation, the Group has been the only significant new
entrant into the market, which is characterised by high barriers to entry.

 

 

 

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