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/.

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 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

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.