Turners Automotive Group Limited (NZX: TRA) 2021 Annual Meeting Update

Thursday 9th September 2021

Turners Automotive Group will be announcing at its 2021 Annual Shareholders Meeting (ASM) today that it has improved profit momentum, widened competitive advantages and is pleased with progress towards both its FY22 and FY24 targets. The August Delta lockdown will have a material near-term impact, but it is too early to quantify this effect. The ASM presentation is appended to this announcement, and the Chair and CEO’s speech will be released after the meeting.

Grant Baker, Chairman said "We are pleased with the continued momentum of the business over the past two years. Despite this recent lock down it is exciting to see the business really starting to come together, following years of strategic and tactical development. Turners now offers a rare combination of attractive yield, meaningful growth opportunities, and a resilient, growing dividend"

ASM details:

The ASM is scheduled to begin at 10.30am via the Computershare Meeting Platform https://meetnow.global/nz.

The meeting will also be webcast via the following link: https://youtu.be/Ab941s9n-CE.

The Board and management thank shareholders and the wider Turners Auto Group team for their ongoing loyal support.

Please see the links below for details

Turners 2021 Annual Meeting Update

2021 ASM Presentation

Source: Turners Automotive Group Limited

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