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 |
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| MHP (Financial PR) Tim Rowntree Charlie Barker | Tel: +44 (0)7834 623 818 CTAutomotive@mhpgroup.com |
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| 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.
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