Director/PDMR Shareholding
31/03/2026 14:00
RNS Number : 8866Y
Stelrad Group PLC
31 March 2026
31 March 2026
Stelrad Group PLC
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
On 18 March 2024, Stelrad Group plc ("Stelrad" or "the Group" or "the Company", LSE: SRAD) announced awards in the form of conditional rights to acquire ordinary shares in the Company ("Shares") were granted under the Stelrad Deferred Share Bonus Plan ("DSBP") to the Executive Directors of the Company. On 18 March 2026, the deferred shares described above vested on the second anniversary of the conditional award of Shares.
In accordance with the rules of the DSBP and the Company's Directors' Remuneration Policy the shares have been settled in cash upon vesting, based on the prevailing market value of the Company's shares on the day the award vested.
On 18 March 2026, the following cash settled DSBP awards vested and were settled as follows:
| Executive Director | No. of shares (2024 DSBP) | Dividend Equivalent (2024 DSBP) | Total no. of shares vested | Settlement Price (per share) | Gross award value | Tax payable to HMRC | Net Cash Amount Paid |
| Trevor Harvey | 56,903 | 6,651 | 63,554 | £1.28 | £81,349.12 | £36,607.10 | £44,742.02 |
| 1 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Stelrad Group plc | ||||||||
| b) | LEI | 2138006LKVGN16PTVA73 | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | Chief Executive Officer | ||||||||
| b) | Initial notification/ Amendment | Initial notification | ||||||||
| 3 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | Trevor Harvey | ||||||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
| Transaction 1 - Cash settled Deferred Share Bonus Plan Award | ||||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Cash settled Deferred Share Bonus Plan award ISIN GB00BMHRMV23 | ||||||||
| b) | Nature of the transaction | Exercise of a conditional share award under the Stelrad Deferred Share Bonus Plan. The award is limited to settlement in cash by reference to the market value of the shares on the day the award vested. | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | ||||||||
| e) | Date of the transaction | 30 March 2026 | ||||||||
| f) | Place of the transaction | Outside of a trading venue | ||||||||
| Transaction 2 - Substitution using existing shares held by PDMR | ||||||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.001 each in Stelrad Group plc ISIN GB00BMHRMV23 | ||||||||
| b) | Nature of the transaction | Transfer of existing shares already held by the PDMR to stand in substitution for shares that would otherwise have been delivered under the cash settled Deferred Share Bonus Plan award; no new shares issued or transferred by the Company. | ||||||||
| c) | Price(s) and volume(s) |
| ||||||||
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | ||||||||
| e) | Date of the transaction | 30 March 2026 | ||||||||
| f) | Place of the transaction | Outside of a trading venue | ||||||||
| Stelrad Group plc Trevor Harvey, Chief Executive Officer Leigh Wilcox, Chief Financial Officer | +44 (0) 191 261 3301 |
| Sodali & Co James White / Pete Lambie | stelrad@sodali.com +44 (0)7855 432699 |