TIDMCTA
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 % Votes % Against Total votes Total Withheld
For For Against cast as %
of issued
share capital
Ordinary Resolutions
To receive
the Annual
Report
1 and Accounts 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To re-appoint
Simon Phillips
as a director
of the
2 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To re-appoint
Scott McKenzie
as a director
of the
3 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To re-appoint
Anna Brown
as a director
of the
4 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To re-appoint
Francesca
Ecsery
as a director
of the
5 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To re-appoint
Raymond
Bench as
a director
of the
6 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To reappoint
auditors
of the
7 Company 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
To authorise
the directors
to determine
the auditor's
8 remuneration 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
Authority
for directors
to allot
9 shares 28,801,032 100 0 0 39.13 28,801,032 0
---------------------- ----------- ------ ---------- ---------- --------------- ----------- ---------
Special Resolutions
Authority
for directors
to allot
shares
on a non-pre-emptive
10 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 Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Benjamin Cryer
MHP (Financial PR) Tel: +44 (0)20 3100 8540
Tim Rowntree
Charlie Baker
Veronica Farah
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.
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END
RAGUOVSROSUBAAR
(END) Dow Jones Newswires
July 13, 2023 10:56 ET (14:56 GMT)
Ct Automotive (LSE:CTA)
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