REG - CT Automotive Group - Result of Annual General Meeting

CT AutomotiveAnnouncement

13/07/2023 16:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230713:nRSM9769Fa&default-theme=true

RNS Number : 9769F  CT Automotive Group PLC  13 July 2023

13 July 2023

 

CT AUTOMOTIVE GROUP PLC

("CT Automotive" or the "Company")

 

Result of Annual General Meeting

 

CT Automotive, 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 as % of issued share capital  Total             Withheld
 Ordinary Resolutions
 1       To receive the Annual Report and Accounts                           28,801,032        100    0              0          39.13                                          28,801,032        0
 2       To re-appoint Simon Phillips as a director of the Company           28,801,032        100    0              0          39.13                                          28,801,032        0
 3       To re-appoint Scott McKenzie as a director of the Company           28,801,032        100    0              0          39.13                                          28,801,032        0
 4       To re-appoint Anna Brown as a director of the Company               28,801,032        100    0              0          39.13                                          28,801,032        0
 5       To re-appoint Francesca Ecsery as a director of the Company         28,801,032        100    0              0          39.13                                          28,801,032        0
 6       To re-appoint Raymond Bench as a director of the Company            28,801,032        100    0              0          39.13                                          28,801,032        0
 7       To reappoint auditors of the Company                                28,801,032        100    0              0          39.13                                          28,801,032        0
 8       To authorise the directors to determine the auditor's remuneration  28,801,032        100    0              0          39.13                                          28,801,032        0
 9       Authority for directors to allot shares                             28,801,032        100    0              0          39.13                                          28,801,032        0
 Special Resolutions
 10      Authority for directors to allot shares on a non-pre-emptive basis  23,909,356        83.02  4,891,676      16.98      39.13                                          28,801,032        0

 

1.    Proxy appointments which gave discretion to the Chairman of the AGM
have been included in the "For" total for the appropriate resolution.

 

2.    Votes "For" and "Against" any resolution are expressed as a
percentage of votes validly cast for that resolution.

 

3.    A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

 

4.    The number of shares in issue on 13 July 2023 was 73,597,548 with no
shares in treasury.

 

5.    The full text of the resolutions passed at the AGM can be found in
the Notice of Annual General Meeting which is available on the Company's
website at www.ctautomotive.net.

 

For further information please contact:

 

 CT Automotive                                                  via MHP

 Simon Phillips, Executive Chairman

 Anna Brown, Chief Financial Officer

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

 Richard Lindley

 Benjamin Cryer

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

 Tim Rowntree

 Charlie Baker

 Veronica Farah

 CTAutomotive@mhpgroup.com (mailto:CTAutomotive@mhpgroup.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 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, Mexico 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 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGUOVSROSUBAAR