REG - CT Automotive Group - Result of AGM

CT AutomotiveAnnouncement

26/06/2025 15:30

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RNS Number : 6210O  CT Automotive Group PLC  26 June 2025

26 June 2025

 

CT Automotive Group plc

("CT Automotive" or the "Group")

 

Result of Annual General Meeting

 

CT Automotive Group plc ("CT Automotive" or the "Group"), a leading designer,
developer and supplier of interior components to the global automotive
industry, is pleased to announce that all resolutions proposed to shareholders
at its Annual General Meeting held at 9.00 a.m. today were duly passed.

 

The total number of proxy votes received in respect of all resolutions were as
follows:

 

 Resolution                                                                              Votes For   % For  Votes against  % Against  Total votes cast  Total votes cast as a % of issued share capital  Withheld
 Ordinary Resolutions
 1.      To receive the Annual Report and Accounts for the year ending 31 December 2024  48,009,674  99.94  26,731         0.06       48,036,405        65.27                                            7
 2.      To receive the Director's remuneration report for the year ending 31 December   47,998,759  99.94  26,731         0.06       48,025,490        65.24                                            10,922
         2024
 3.      To reappoint Raymond Bench as a Director of the Company                         47,986,128  99.94  26,731         0.06       48,012,859        65.24                                            23,553
 4.      To reappoint Nick Timberlake as a Director of the Company                       47,986,128  99.94  26,731         0.06       48,012,859        65.24                                            23,553
 5.      To reappoint Geraint Davies as a Director of the Company                        47,986,128  99.94  26,731         0.06       48,012,859        65.24                                            23,553
 6.      To reappoint Simon Phillips as a Director of the Company                        42,396,452  99.94  26,731         0.06       42,423,183        57.64                                            5,613,229
 7.      To reappoint Salman Mohammed as a Director of the Company                       47,986,128  99.94  26,731         0.06       48,012,859        65.24                                            23,553
 8.      To reappoint BDO LLP as auditors of the Company                                 47,982,842  99.94  26,731         0.06       48,009,573        65.26                                            26,839
 9.      To authorise the Audit & Risk Committee to determine the remuneration of        47,982,842  99.90  50,277         0.10       48,033,119        65.26                                            3,293
         the Company's auditors
 10.     Authority for the directors to allot shares                                     47,975,213  99.87  61,192         0.13       48,036,405        65.27                                            7
 Special Resolution
 11.     Authority for the directors to allot shares on a non-pre-emptive basis          42,306,517  88.07  5,729,888      11.93      48,036,405        65.27                                            7

 

Enquiries:

 CT Automotive                                                       Via Novella

 Simon Phillips, Chief Executive Officer

 Salman Mohammed, Chief Financial Officer

 Singer Capital Markets Advisory LLP (Nominated Adviser and Broker)  Tel: +44 (0)20 7496 3000

 Steve Pearce, Alex Bond, James Todd

 Novella Communications (Financial Public Relations)                 Tel : +44 (0)20 3151 7008

 Tim Robertson, Safia Colebrook                                      ctautomotive@novella-comms.com (mailto:ctautomotive@novella-comms.com)

 

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 manufacturers
("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 with
additional manufacturing facilities in Mexico and Türkiye and distribution
facilities and assembly lines in Europe, Asia and the US.  The Company has a
low cost design and administrative centre in India.

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
portfolio of OEM customers, both directly and via Tier One suppliers including
Forvia and Marelli.  End customers include volume manufacturers, such as
Nissan, Ford, GM and Volkswagen Audi Group, and premium luxury car brands such
as Bentley and Lamborghini.  In addition, the Group supplies all our customer
base with a range of products for PHEV and BEV platforms and supplies electric
car manufacturers, including Rivian and a US based major EV OEM.

The Group currently supplies component part types to over 55 different models
for 22 OEMs. Since its formation, the Group has been one of the very few new
entrants to the market, which is characterised by high barriers to entry.

 

 

 

 

 

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