Result of General Meeting and Total Voting Rights

CT Automotive Group PLC

15 May 2023

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY THE COMPANY TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE EU MARKET ABUSE REGULATION WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED AND SUPPLEMENTED FROM TIME TO TIME INCLUDING BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/ 310) ("MAR")).

CT Automotive Group Plc

("CT Automotive", the "Group" or the "Company")

Result of General Meeting and Total Voting Rights

CT Automotive, a UK-headquartered company that designs, develops and supplies interior components for the global automotive industry, is pleased to announce that, at the General Meeting held earlier today, all resolutions proposed were duly passed by Shareholders. The Fundraising remains conditional on the admission of the 22,664,259 New Ordinary Shares to trading on AIM becoming effective no later than 8.00 a.m. on 16 May 2023 (or such later date as the Company and Liberum may agree, being no later than 30 May 2023).

The enlarged share capital of the Company following Admission will be 73,597,548 Ordinary Shares in aggregate. Therefore the total voting rights in the Company as at 16 May 2023 will be 73,597,548. This figure may be used by Shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement shall have the meaning given to them in the Fundraising announcement at 7.30 a.m. on 27 April 2023.

The total number of votes received on each resolution is as follows:

	Resolution	For	% of votes cast	Against	% of votes cast	Votes cast as % of Issued Share Capital	Withheld
1.	To allot Ordinary Shares and to grant rights to subscribe for or to convert any security into Ordinary Shares up to an aggregate nominal amount of £113,321.30 pursuant to the Fundraising.	39,138,478	100.0%	0	0.00%	76.8%	0
2.	Subject to and conditional upon the passing of resolution 1, to allot equity securities for cash free of statutory pre-emption rights up to an aggregate nominal amount of £113,321.30 pursuant to the Fundraising.	35,717,390	91.3%	3,421,088	8.7%	76.8%	0

Notes

1.                    Any proxy appointments which gave discretion to the Chairman have been included in the "votes for" total.

2.                    A vote "Withheld" is not a valid vote in English law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.

3.                    As at the date of the General Meeting the issued share capital of the Company was 50,933,289 Ordinary Shares.

Enquiries:

CT Automotive Group plc	via MHP
Simon Phillips (Executive Chairman) Scott McKenzie (Chief Executive Officer) Anna Brown (Chief Financial Officer)
Liberum Capital Limited - Nominated Adviser and bookrunner	[phone]
Richard Lindley / Benjamin Cryer / Lucas Bamber
Blackdown Partners - Joint Financial Adviser	[phone]
Julian Collett / Tom Fyson
MHP Group - public relations adviser	[phone]
Tim Rowntree / Charlie Baker [e-mail]

 

END