RNS Number : 3481D
CT Automotive Group PLC
20 June 2023
 

20 June 2023

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 2022 and the notice of the annual general meeting ("Notice of AGM") were yesterday posted to shareholders.

The Company's AGM will be held at 9.00 a.m. on Thursday, 13 July 2023 at 1000 Lakeside North Harbour Western Road, Portsmouth, PO6 3EN.

The Annual Report and Notice of AGM are available on the Company's website, at https://ct-automotive.net/investors/.

For further information please contact:

CT Automotive                                                       

Simon Phillips, Executive Chairman

Scott McKenzie, Chief Executive Officer

Anna Brown, Chief Financial Officer

via MHP

 


MHP (Financial PR)                                        

Tim Rowntree                                                  

Charlie Barker

Tel: +44 (0)7834 623 818

CTAutomotive@mhpgroup.com

 


Liberum (Nominated Adviser and Broker)

Richard Lindley

Benjamin Cryer

Tel: +44 (0)20 3100 2000

 

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, Turkey 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 is also 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.

 

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.
 
END
 
 
NOANKKBKABKDOAB