REG - CT Automotive Group - Result of General Meeting and Total Voting Rights

CT AutomotiveAnnouncement

15/05/2023 16:30

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RNS Number : 4679Z  CT Automotive Group PLC  15 May 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE
UNLAWFUL. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED
BY THE COMPANY TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH
RESTRICTIONS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF THE EU MARKET ABUSE REGULATION WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED AND
SUPPLEMENTED FROM TIME TO TIME INCLUDING BY THE MARKET ABUSE (AMENDMENT) (EU
EXIT) REGULATIONS 2019 (SI 2019/ 310) ("MAR")).

CT Automotive Group Plc

("CT Automotive", the "Group" or the "Company")

Result of General Meeting and Total Voting Rights

CT Automotive, a UK-headquartered company that designs, develops and supplies
interior components for the global automotive industry, is pleased to announce
that, at the General Meeting held earlier today, all resolutions proposed were
duly passed by Shareholders. The Fundraising remains conditional on the
admission of the 22,664,259 New Ordinary Shares to trading on AIM becoming
effective no later than 8.00 a.m. on 16 May 2023 (or such later date as the
Company and Liberum may agree, being no later than 30 May 2023).

The enlarged share capital of the Company following Admission will be
73,597,548 Ordinary Shares in aggregate. Therefore the total voting rights in
the Company as at 16 May 2023 will be 73,597,548. This figure may be used by
Shareholders (and others with notification obligations) as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the Company under the
FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement shall have the
meaning given to them in the Fundraising announcement at 7.30 a.m. on 27 April
2023.

The total number of votes received on each resolution is as follows:

 

     Resolution                                                                    For         % of votes cast  Against    % of votes cast  Votes cast as % of Issued Share Capital  Withheld

 1.  To allot Ordinary Shares and to grant rights to subscribe for or to convert   39,138,478  100.0%           0          0.00%            76.8%                                    0
     any security into Ordinary Shares up to an aggregate nominal amount of
     £113,321.30 pursuant to the Fundraising.
 2.  Subject to and conditional upon the passing of resolution 1, to allot equity  35,717,390  91.3%            3,421,088  8.7%             76.8%                                    0
     securities for cash free of statutory pre-emption rights up to an aggregate
     nominal amount of £113,321.30 pursuant to the Fundraising.

 

 

Notes

1.                    Any proxy appointments which gave
discretion to the Chairman have been included in the "votes for" total.

2.                    A vote "Withheld" is not a valid vote
in English law and was not counted in the calculation of the proportion of the
votes "For" or "Against" a resolution.

3.                    As at the date of the General Meeting
the issued share capital of the Company was 50,933,289 Ordinary Shares.

 

Enquiries:

 CT Automotive Group plc                                        via MHP
 Simon Phillips (Executive Chairman)

Scott McKenzie (Chief Executive Officer)

Anna Brown (Chief Financial Officer)
 Liberum Capital Limited - Nominated Adviser and bookrunner     +44 (0) 20 3100 2000
 Richard Lindley / Benjamin Cryer / Lucas Bamber
 Blackdown Partners - Joint Financial Adviser                   +44 (0) 20 3807 8484
 Julian Collett / Tom Fyson
 MHP Group - public relations adviser                           +44 (0) 20 3128 8540
 Tim Rowntree / Charlie Baker

 CTAutomotive@mhpgroup.com (mailto:CTAutomotive@mhpgroup.com)

 

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