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CTA Ct Automotive Group Plc

68.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ct Automotive Group Plc LSE:CTA London Ordinary Share GB00BMHYGR77 ORD GBP0.005
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.00 66.00 70.00 68.00 65.25 68.00 4 08:00:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Vehicle Part,accessory 128.9M -24.66M -0.3351 -2.03 50.05M

CT Automotive Group PLC Annual Report and Accounts 2021 and 2022 AGM (8823N)

06/06/2022 4:00pm

UK Regulatory


Ct Automotive (LSE:CTA)
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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.

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 or visit 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.

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(END) Dow Jones Newswires

June 06, 2022 11:00 ET (15:00 GMT)

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