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

StelradAnnouncement

28/03/2022 07:00

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RNS Number : 0677G  Stelrad Group PLC  28 March 2022

 

 

28 March 2022

 

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 radiators in the UK, Europe and
Turkey, announces that its Annual Report and Financial Statements for the
financial year ended 31 December 2021 ("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 16 May 2022.

 

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

 Alex Penney

 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 manufacturer and distributor of
steel panel radiators in the UK, Europe and Turkey, selling an extensive range
of standard and premium steel panel radiators, low surface temperature (LST)
radiators, towel warmers, decorative steel tubular radiators and other steel
"column" radiators to more than 500 customers annually.

 

The Group has four core brands: Stelrad, Henrad, Hudevad and Termo Teknik,
which had approximately 16.6 per cent. share by volume of total markets in the
UK, Europe, and Turkey in 2020, including 50.2 per cent. market share in the
UK. In 2020, the Group held top 3 share positions in 11 countries and was #1
in the UK, Ireland, the Netherlands, Belgium and Denmark.

 

It is headquartered in Newcastle upon Tyne in the United Kingdom with
manufacturing and distribution facilities at Mexborough in the UK, Nuth in the
Netherlands and Çorlu in Turkey, employing 1,326 employees across the
business, during 2021.

 

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

 

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