REG - Stelrad Group PLC - Appointment of Corporate Broker

StelradAnnouncement

03/12/2021 07:00

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RNS Number : 4305U  Stelrad Group PLC  03 December 2021

Stelrad Group plc

Appointment of Corporate Broker

Stelrad Group plc ("Stelrad") is pleased to announce the appointment of
Investec Bank plc as its sole corporate broker with immediate effect.

 

Enquiries:

 Stelrad                Tel: +44 (0)191 261 3301

 Trevor Harvey, CEO

 George Letham, CFO

 Investec Bank plc      Tel: +44 (0)20 7597 5970

 Bruce Garrow

 Ben Griffiths

 Alex Penney

 

 

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 1,325 employees across the
business, as at 31 December 2020.

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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