REG - CT Automotive Group - Posting of Annual Report and Notice of AGM

CT AutomotiveAnnouncement

04/06/2024 16:45

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RNS Number : 1028R  CT Automotive Group PLC  04 June 2024

4 June 2024

CT AUTOMOTIVE GROUP PLC

("CT Automotive" or the "Company")

Posting of Annual Report and Notice 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 the
Company's Annual Report and Accounts for the year ended 31 December 2023 and
the notice of the annual general meeting ("Notice of AGM") and associated form
of proxy were today posted to shareholders.

The Company's AGM will be held at 9.00 a.m. on Friday 28 June 2024 at 1000
Lakeside North Harbour Western Road, Portsmouth, PO6 3EN.

The Annual Report and Notice of AGM and associated form of proxy will shortly
be available on the Company's website,
at https://ct-automotive.net/investors/
(https://ct-automotive.net/investors/) .

For further information please contact:

 CT Automotive                                                                                    via Novella

 Simon Phillips, Chief Executive Officer

 Anna Brown, Chief Financial Officer

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

                                                                                                ctautomotive@novella-comms.com
 Tim Robertson, Claire de Groot, Safia

 Colebrook

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

 Richard Lindley

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 Mexico, Türkiye and
Czechia.

 

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 57 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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