Annual Report and Notice of Annual General Meeting

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/ .

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 .

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 Trevor Harvey, Chief Executive Officer George Letham, Chief Financial Officer	[phone]
Investec Bank plc (Sole Corporate Broker) Bruce Garrow / Ben Griffiths	[phone]
Powerscourt (Media Relations) James White / Genevieve Ryan	[phone] [e-mail]

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/

 

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