Result of AGM
Summary by AI BETAClose X
29 June 2026
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 2025 |
48,089,526 |
100 |
0 |
0 |
48,089,526 |
65.34 |
2,500 |
|
2. |
To receive the Director's remuneration report for the year ending 31 December 2025 |
48,069,779 |
99.96 |
19,747 |
0.04 |
48,089,526 |
65.34 |
2,500 |
|
3. |
To reappoint Raymond Bench as a Director of the Company |
48,069,779 |
100 |
0 |
0 |
48,069,779 |
65.31 |
22,247 |
|
4. |
To reappoint Geraint Davies as a Director of the Company |
48,069,779 |
100 |
0 |
0 |
48,069,779 |
65.31 |
22,247 |
|
5. |
To reappoint Gary McGrath as a Director of the Company |
48,069,779 |
100 |
0 |
0 |
48,069,779 |
65.31 |
22,247 |
|
6. |
To appoint Simon Phillips as a Director of the Company |
48,069,779 |
100 |
0 |
0 |
48,069,779 |
65.31 |
22,247 |
|
7. |
To reappoint MHA as auditors of the Company |
48,054,815 |
99.97 |
14,964 |
0.03 |
48,069,779 |
65.31 |
22,247 |
|
8. |
To authorise the Audit & Risk Committee to determine the remuneration of the Company's auditors |
48,069,779 |
100 |
0 |
0 |
48,069,779 |
65.31 |
22,247 |
|
9. |
Authority for the directors to allot shares |
48,002,569 |
99.82 |
86,957 |
0.18 |
48,089,526 |
65.34 |
2,500 |
|
Special Resolutions |
||||||||
|
10. |
Authority for the directors to allot shares on a non-pre-emptive basis |
41,647,686 |
86.60 |
6,441,840 |
13.40 |
48,089,526 |
65.34 |
2,500 |
|
11. |
Authority for the Company to buy back its own shares |
47,990,790 |
99.79 |
98,736 |
0.21 |
48,089,526 |
65.34 |
2,500 |
|
12. |
Amendment to the articles of association to allow the Company to declare a dividend in any currency |
47,916,966 |
99.64 |
172,560 |
0.36 |
48,089,526 |
65.34 |
2,500 |
Enquiries:
Enquiries:
|
CT Automotive Ray Bench, Non-Executive Chairman Simon Phillips, Chief Executive Officer
|
|
|
Singer Capital Markets Advisory LLP (Nominated Adviser and Broker) Alex Bond, Daniel Ingram, Samed Ethemi
|
Tel: +44 (0)20 7496 3000 |
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 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 64 different models for 21 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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