REG - Stelrad Group PLC - Annual Report and Notice of Annual General Meeting

StelradAnnouncement

28/03/2023 07:00

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RNS Number : 0429U  Stelrad Group PLC  28 March 2023

 

28 March 2023

 

Stelrad Group plc

Annual Report and Notice of Annual General Meeting

 

Stelrad Group plc ("Stelrad" or "the Group", LSE: SRAD), a leading specialist
manufacturer and distributor of steel panel and other designer radiators in
the UK, Europe and Turkey, announces that its Annual Report and Financial
Statements for the financial year ended 31 December 2022 ("Annual Report") and
Notice of Annual General Meeting ("AGM") have been published today on its
investor website at https://stelradplc.com/ (https://stelradplc.com/) .

 

Printed copies of the Annual Report, Notice of AGM and Form of Proxy will also
be posted today to all registered shareholders who have elected to receive
paper communications. These documents are being submitted to the National
Storage Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Group's AGM will be held at Investec Bank plc, 30 Gresham Street, London
EC2V 7QP, at 4:00pm BST on Monday 22 May 2023.

 

Management looks forward to welcoming as many shareholders as possible in
person to the AGM, at which shareholders will have the opportunity to speak to
and vote on the resolutions being put to the AGM. Voting at the AGM will be
conducted by way of a poll.

 

The results of the AGM will be notified to the London Stock Exchange and
posted on Stelrad's investor website as soon as possible after the AGM, along
with details of the business conducted at the AGM.

 

For further information:

 

Enquiries

 Stelrad Radiator Group                      +44 (0)191 261 3301

 Trevor Harvey, Chief Executive Officer

 George Letham, Chief Financial Officer

 Investec Bank plc (Sole Corporate Broker)   +44 (0)20 7597 5970

 Bruce Garrow / Ben Griffiths

 Powerscourt (Media Relations)               +44 (0)7855 432 699

 James White / Genevieve Ryan                stelrad@powerscourt-group.com (mailto:stelrad@powerscourt-group.com)

 

Notes to Editors

Stelrad Group plc is a leading specialist radiator manufacturer, selling an
extensive range of hydronic, hybrid, dual fuel and electrical heat emitters to
more than 500 customers in over 40 countries.  These include standard,
premium and low surface temperature (LST) steel panel radiators, towel
warmers, decorative steel tubular, steel multicolumn and aluminium radiators.

 

Following the acquisition of DL Radiators in July 2022, the Group has five
core brands: Stelrad, Henrad, Termo Teknik, DL Radiators and Hudevad.  In
2021, the latest year for which data is available, Stelrad held 18.4% share by
volume of the combined UK, European and Turkish steel panel radiator market,
being the clear market leader in five countries - the UK, Ireland, the
Netherlands, Belgium and Denmark - and having a top 3 position in a further
seven markets.

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2022 employed
1,500+ people, with manufacturing and distribution facilities in Çorlu
(Turkey), Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with
further commercial and distribution operations in Kolding (Denmark) and Krakow
(Poland).

 

The Group's origins date back to the 1930s and Stelrad enjoys long established
commercial relationships with many of its customers, having served each of its
top five current customers for over twenty years.

 

Further information can be found at: https://stelradplc.com/
(https://stelradplc.com/)

 

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