REG - CT Automotive Group - Director Appointment

CT AutomotiveAnnouncement

18/09/2023 07:00

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RNS Number : 6818M  CT Automotive Group PLC  18 September 2023

18 September 2023

CT AUTOMOTIVE GROUP PLC

 

("CT Automotive" or the "Company")

 

Director Appointment

 

Further to the announcement of 17 August 2023, CT Automotive, a leading
designer, developer and supplier of interior components to the global
automotive industry, is pleased to confirm the appointment of Geraint Davies
as an independent Non-Executive Director with immediate effect.

 

Further information on Geraint Davies

 

Geraint Charles Boyens Davies, aged 67, is, or has been, a director or partner
of the following companies or partnerships during the past five years:

 

 Current directorships and partnerships  Past directorships and partnerships
 Boyens Limited                          Ernst & Young Europe LLP

 SCI Phoebe

 SCI Bellem

 SCI Mebel

 

Geraint Davies does not hold any interest in the ordinary shares of the
Company.

 

There is no further information required to be disclosed in respect of Geraint
Davies pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

 

 

For further information please contact:

 

 CT Automotive                                                                                                  via MHP

 Simon Phillips, Chief Executive Officer

 Anna Brown, Chief Financial Officer

 MHP (Financial                                                                                                 Tel: +44 (0)7834 623 818
 PR)

                                                                                                              CTAutomotive@mhpgroup.com
 Tim
 Rowntree

 Charlie Barker

 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 Mexico, Turkey and the
Czech Republic.

 

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 is also
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.

 

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