REG - Stelrad Group PLC - Result of AGM

StelradAnnouncement

Wed 16:00

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RNS Number : 1489F  Stelrad Group PLC  20 May 2026

20 May 2026

 

Stelrad Group PLC

(Company Number: 13670010)

 

Results of the AGM

 

The Directors of Stelrad Group plc ("Stelrad" or "the Group" or "the Company",
LSE: SRAD), are pleased to announce that at its Annual General Meeting held on
20 May 2026, all the proposed resolutions as set out in the Notice of Annual
General Meeting were passed on a poll of votes.  Total votes received from
shareholders by the Company, either in advance of or as voted for at the
meeting, were as set out below:

 

 Resolution                                                                             Votes        %        Votes Against  %       Total Shares      % of Total Voting Rights  Votes

                                                                                        For                                          For and Against                             Withheld
 1.      To receive the Company's Annual Report and audited financial statements for     122,221,936  100.00%  4,600          0.00%   122,226,536       95.97%                    0
         the year ended 31 December 2025.
 2.      To receive and approve the Directors' Remuneration Report for the year ended   122,208,289  99.99%   9,173          0.01%   122,217,462       95.97%                    9,074
         31 December 2025.
 3.      To declare a final dividend of 5.05 pence per Ordinary Share for the year       122,226,536  100.00%  0              0.00%   122,226,536       95.97%                    0
         ended 31 December 2025.
 4.      To re-elect Trevor Harvey as a Director.                                       122,226,536  100.00%  0              0.00%   122,226,536       95.97%                    0
 5.      To re-elect Leigh Wilcox as a Director.                                        122,221,936  100.00%  4,600          0.00%   122,226,536       95.97%                    0
 6.      To re-elect Katherine Innes Ker as a Director.                                 121,933,862  99.76%   292,674        0.24%   122,226,536       95.97%                    0
 7.      To re-elect Nicola Bruce as a Director.                                        122,221,536  100.00%  5,000          0.00%   122,226,536       95.97%                    0
 8.      To re-elect Edmund Lazarus as a Director.                                      112,968,047  99.51%   559,819        0.49%   113,527,866       89.14%                    8,698,670
 9.      To re-elect Bob Ellis as a Director.                                           122,216,936  99.99%   9,600          0.01%   122,226,536       95.97%                    0
 10.     To elect Martyn Coffey as a Director.                                          122,205,436  99.99%   12,600         0.01%   122,218,036       95.97%                    8,500
 11.     To re-appoint PricewaterhouseCoopers LLP as auditors of the Company.           122,216,463  99.99%   8,500          0.01%   122,224,963       95.97%                    1,573
 12.     To authorise the Audit & Risk Committee to determine the remuneration of       122,220,363  100.00%  4,600          0.00%   122,224,963       95.97%                    1,573
         the Auditor.
 13.     To authorise the Company to make political donations.                          118,229,826  96.73%   3,993,734      3.27%   122,223,560       95.97%                    2,976
 14.     To authorise the Directors to allot Ordinary Shares.                           122,210,436  99.99%   16,100         0.01%   122,226,536       95.97%                    0
 15.     To authorise the Directors to disapply statutory pre-emption rights in         118,534,208  96.98%   3,690,755      3.02%   122,224,963       95.97%                    1,573
         accordance with section 561 of the Companies Act 2006.
 16.     To authorise the Directors to disapply pre-emption rights up to a further 10%  109,844,988  89.87%   12,379,975     10.13%  122,224,963       95.97%                    1,573
         for the purposes of acquisitions or capital investments.
 17.     To authorise the Company to purchase its own Ordinary Shares.                  122,210,436  99.99%   16,100         0.01%   122,226,536       95.97%                    0
 18.     To authorise the calling of General Meetings of the Company (not being an      122,213,436  99.99%   13,100         0.01%   122,226,536       95.97%                    0
         Annual General Meeting) by notice of at least 14 clear days.

 

Subject to rule 6.2.8R of the UK Listing Rules (where LR 6.2.5R applies) the
election or re-election of the independent Non-Executive Directors must be
approved by a majority vote of both the independent shareholders (i.e.
shareholders of the Company, other than Bregal, the Company's controlling
shareholder, who are entitled to vote on the election of Directors), and the
shareholders as a whole. Therefore, the below table displays the votes for the
election of the independent Non-Executive Directors excluding the votes of the
controlling shareholder:

 

 Resolution                                              Votes       %       Votes Against  %      Total Shares      % of Total Voting Rights  Votes

                                                         For                                       For and Against                             Withheld
 6.      To re-elect Katherine Innes Ker as a Director.  58,830,097  99.50%  292,674        0.50%  59,122,771        92.02%                    0
 7.      To re-elect Nicola Bruce as a Director.         59,117,771  99.99%  5,000          0.01%  59,122,771        92.02%                    0
 10.     To elect Martyn Coffey as a Director.           59,101,671  99.98%  12,600         0.02%  59,114,271        92.01%                    8,500

 

1.    Full details of the resolutions are set out in the Notice of Annual
General Meeting dated 23 April 2026 (which is available on the Company's
website at: Results, reports and presentations - Stelrad Group plc
(https://stelradplc.com/investors-2/results-reports-and-presentations/)

2.    Resolutions 1 to 14 were ordinary resolutions, requiring a majority
of votes cast in favour to pass.  Resolutions 15 to 18 were special
resolutions, requiring at least 75% of shareholders' votes to be cast in
favour of the resolutions.

3.    Votes 'For' include those votes giving the Chairman discretion.

4.    There were 127,352,555 ordinary shares in issue all of which had the
right to vote. Ordinary shares held in treasury do not carry voting rights.

5.    A vote withheld is not a vote in law and is not counted in the
calculation of the votes for or against a resolution.

6.    Copies of all the resolutions passed, other than ordinary business,
have been submitted to the National Storage Mechanism and will soon be
available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

- ENDS -

 

 

For further information:

 

 Stelrad Group plc                        +44 (0) 191 261 3301

 Trevor Harvey, Chief Executive Officer

 Leigh Wilcox, Chief Financial Officer

 Sodali & Co                              stelrad@sodali.com (mailto:stelrad@sodali.com)

 James White / Pete Lambie                +44 (0)7855 432699

 

 

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 2024,
Stelrad extended its market leadership position, with 24.2% share by volume of
the European steel panel radiator market, excluding Russia and Belarus.  The
Group is now market leader in six countries - the UK, France, Belgium, the
Netherlands, Ireland and Denmark, with a top three position in a further 12
territories.

 

Stelrad is headquartered in Newcastle upon Tyne in the UK and in 2025 employed
1,300 people, with manufacturing and distribution facilities in Çorlu
(Turkey), Mexborough (UK), Moimacco (Italy) and Nuth (Netherlands), with a
further commercial and distribution operation in 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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