Director Appointment

CT Automotive Group PLC

18 September 2023

 

18 September 2023

CT AUTOMOTIVE GROUP PLC

("CT Automotive" or the "Company")

Director Appointment

Further to the announcement of 17 August 2023, CT Automotive, a leading designer, developer and supplier of interior components to the global automotive industry, is pleased to confirm the appointment of Geraint Davies as an independent Non-Executive Director with immediate effect.

Further information on Geraint Davies

Geraint Charles Boyens Davies, aged 67, is, or has been, a director or partner of the following companies or partnerships during the past five years:

Current directorships and partnerships	Past directorships and partnerships
Boyens Limited SCI Phoebe SCI Bellem SCI Mebel	Ernst & Young Europe LLP

Geraint Davies does not hold any interest in the ordinary shares of the Company.

There is no further information required to be disclosed in respect of Geraint Davies pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

For further information please contact:

CT Automotive Simon Phillips, Chief Executive Officer Anna Brown, Chief Financial Officer	via MHP
MHP (Financial PR)                                         Tim Rowntree                                                   Charlie Barker	Tel: [phone] [e-mail]
Liberum (Nominated Adviser and Broker) Richard Lindley Benjamin Cryer	Tel: [phone]

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.

 

END