CT Automotive Group PLC Annual Report and Accounts 2021 and 2022 AGM (8823N)
June 06 2022 - 11:00AM
UK Regulatory
TIDMCTA
RNS Number : 8823N
CT Automotive Group PLC
06 June 2022
6 June 2022
CT AUTOMOTIVE GROUP PLC
("CT Automotive" or the "Group")
Annual Report and Accounts 2021 and 2022 Annual General
Meeting
CT Automotive, a leading designer, developer and supplier of
interior components to the global automotive industry, announces
that its Annual Report and Accounts for the year ended 31 December
2021 are available on the website at
https://ct-automotive.net/investors/ #reports and copies have been
posted to shareholders.
The Annual General Meeting ("AGM") will be held on Tuesday 5
July 2022 at 9.00 a.m. at Fieldfisher's offices, 9th Floor,
Riverbank House, 2 Swan Lane, London EC4R 3TT.
Due to the ongoing COVID-19 situation, the Board considers it
appropriate to minimise physical attendance at the AGM.
Shareholders are therefore encouraged to vote by proxy. Whilst all
shareholders are entitled to physically attend the AGM, please
consider carefully before doing so.
Shareholders will also be able to attend the event virtually by
visiting the AGM section of CT Automotive's website at:
https://ct-automotive.net/investors/AGM2022 and following the link
to the webcast for shareholder authentication. Access to the AGM
will be available from 30 minutes before the start of the event,
although attendees will not be able to submit questions until they
are logged in.
Should shareholders wish to put questions to the Directors,
these can be submitted via the investor website or by emailing
media@ct-automotive.net in advance of the AGM. Any questions raised
will be published on the website after the AGM, together with the
results of voting. Please include an Investor Code (IVC) in any
correspondence.
For further information, please contact:
CT Automotive via. MHP
Simon Phillips, Executive Chairman
Scott McKenzie, Chief Executive Officer
David Wilkinson, Chief Financial Officer
MHP Communications (Financial PR) Tel: +44 (0)20 3100 8540
Tim Rowntree CTAutomotive@mhpc.com
Charlie Barker
Charlie Protheroe
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 Turkey, the Czech Republic and the
UK.
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
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