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/.
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 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
Trevor Harvey, Chief Executive
Officer
Annette Borén, Chief Financial
Officer
|
+44 (0)191 261 3301
|
|
Powerscourt (Media Relations)
James White / Pete Lambie
|
+44 (0)7855 432 699
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/.