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

StelradAnnouncement

22/03/2024 07:00

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RNS Number : 8486H  Stelrad Group PLC  22 March 2024

 

22 March 2024

 

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 2023 ("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 Wednesday 22 May 2024.

 

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
the Directors 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 Group plc                         +44 (0)191 261 3301

 Trevor Harvey, Chief Executive Officer

 Annette Borén, Chief Financial Officer

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

 James White / Pete Lambie                 stelrad@powerscourt-group.com (mailto:stelrad@powerscourt-group.com)

 

Notes to Editors

Stelrad Group plc is Europe's 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.

 

The Group has five core brands: Stelrad, Henrad, Termo Teknik, DL Radiators
and Hudevad.  In the data reported by BRG Building Solutions for 2022,
Stelrad moved into a market leadership position, with 18.8% share by volume of
the combined UK, European and Turkish steel panel radiator market.  The Group
is now market leader in seven countries - the UK, Ireland, France, the
Netherlands, Belgium, Denmark and Greece, with a top 3 position in a further
nine territories.

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2023 employed
1,400+ 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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