26th Jun 2025 15:20
26 June 2025
CT Automotive Group plc
("CT Automotive" or the "Group")
Result of Annual General Meeting
CT Automotive Group plc ("CT Automotive" or the "Group"), a leading designer, developer and supplier of interior components to the global automotive industry, is pleased to announce that all resolutions proposed to shareholders at its Annual General Meeting held at 9.00 a.m. today were duly passed.
The total number of proxy votes received in respect of all resolutions were as follows:
Resolution | Votes For | % For | Votes against | % Against | Total votes cast | Total votes cast as a % of issued share capital | Withheld | |
Ordinary Resolutions | ||||||||
1. | To receive the Annual Report and Accounts for the year ending 31 December 2024 | 48,009,674 | 99.94 | 26,731 | 0.06 | 48,036,405 | 65.27 | 7 |
2. | To receive the Director's remuneration report for the year ending 31 December 2024 | 47,998,759 | 99.94 | 26,731 | 0.06 | 48,025,490 | 65.24 | 10,922 |
3. | To reappoint Raymond Bench as a Director of the Company | 47,986,128 | 99.94 | 26,731 | 0.06 | 48,012,859 | 65.24 | 23,553 |
4. | To reappoint Nick Timberlake as a Director of the Company | 47,986,128 | 99.94 | 26,731 | 0.06 | 48,012,859 | 65.24 | 23,553 |
5. | To reappoint Geraint Davies as a Director of the Company | 47,986,128 | 99.94 | 26,731 | 0.06 | 48,012,859 | 65.24 | 23,553 |
6. | To reappoint Simon Phillips as a Director of the Company | 42,396,452 | 99.94 | 26,731 | 0.06 | 42,423,183 | 57.64 | 5,613,229 |
7. | To reappoint Salman Mohammed as a Director of the Company | 47,986,128 | 99.94 | 26,731 | 0.06 | 48,012,859 | 65.24 | 23,553 |
8. | To reappoint BDO LLP as auditors of the Company | 47,982,842 | 99.94 | 26,731 | 0.06 | 48,009,573 | 65.26 | 26,839 |
9. | To authorise the Audit & Risk Committee to determine the remuneration of the Company's auditors | 47,982,842 | 99.90 | 50,277 | 0.10 | 48,033,119 | 65.26 | 3,293 |
10. | Authority for the directors to allot shares | 47,975,213 | 99.87 | 61,192 | 0.13 | 48,036,405 | 65.27 | 7 |
Special Resolution | ||||||||
11. | Authority for the directors to allot shares on a non-pre-emptive basis | 42,306,517 | 88.07 | 5,729,888 | 11.93 | 48,036,405 | 65.27 | 7 |
Enquiries:
CT Automotive Simon Phillips, Chief Executive Officer Salman Mohammed, Chief Financial Officer | Via Novella |
| |
Singer Capital Markets Advisory LLP (Nominated Adviser and Broker) Steve Pearce, Alex Bond, James Todd
| Tel: +44 (0)20 7496 3000 |
Novella Communications (Financial Public Relations) Tim Robertson, Safia Colebrook | Tel : +44 (0)20 3151 7008 |
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 manufacturers ("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 with additional manufacturing facilities in Mexico and Türkiye and distribution facilities and assembly lines in Europe, Asia and the US. The Company has a low cost design and administrative centre in India.
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 55 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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