Source - Alliance News

Stelrad Group PLC - Rotherham, England-based radiator manufacturer - Announces retrospective confirmation of reduction of capital. Says this was approved by a court in January 2022. This reduces the nominal value of each ordinary share in issue from £1 to £0.001. Number of shares in issue remains unchanged at around 127 million. Has no effect on the net asset position of the company.

Current stock price: 118.00 pence

12-month change: down 6.7%

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