20th May 2026 16:00
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 For | % | Votes Against | % | Total Shares For and Against | % of Total Voting Rights | Votes Withheld | |
1. | To receive the Company's Annual Report and audited financial statements for the year ended 31 December 2025. | 122,221,936 | 100.00% | 4,600 | 0.00% | 122,226,536 | 95.97% | 0 |
2. | To receive and approve the Directors' Remuneration Report for the year ended 31 December 2025. | 122,208,289 | 99.99% | 9,173 | 0.01% | 122,217,462 | 95.97% | 9,074 |
3. | To declare a final dividend of 5.05 pence per Ordinary Share for the year ended 31 December 2025. | 122,226,536 | 100.00% | 0 | 0.00% | 122,226,536 | 95.97% | 0 |
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 the Auditor. | 122,220,363 | 100.00% | 4,600 | 0.00% | 122,224,963 | 95.97% | 1,573 |
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 accordance with section 561 of the Companies Act 2006. | 118,534,208 | 96.98% | 3,690,755 | 3.02% | 122,224,963 | 95.97% | 1,573 |
16. | To authorise the Directors to disapply pre-emption rights up to a further 10% for the purposes of acquisitions or capital investments. | 109,844,988 | 89.87% | 12,379,975 | 10.13% | 122,224,963 | 95.97% | 1,573 |
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 Annual General Meeting) by notice of at least 14 clear days. | 122,213,436 | 99.99% | 13,100 | 0.01% | 122,226,536 | 95.97% | 0 |
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 For | % | Votes Against | % | Total Shares For and Against | % of Total Voting Rights | Votes 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
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.
- ENDS -
For further information:
Stelrad Group plc Trevor Harvey, Chief Executive Officer Leigh Wilcox, Chief Financial Officer
| +44 (0) 191 261 3301 |
Sodali & Co 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/.
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