Shelly Group SE (Ticker SLYG / ISIN: BG1100003166) announced today that it has received notifications regarding a significant share transfer involving one of its key shareholders. The transfer, executed as an in-kind contribution, involves the disposal of 1,184,995 shares, representing 6.53% of the Company's share capital and voting rights, from Mr. Svetlin Todorov to Salisto Holdings LLC, a company solely controlled by Mr. Todorov.
The transaction, conducted under Art. 19 MAR and Art. 145 of the Public Offering of Securities Act, results in the shares being moved from Mr. Todorov's direct holding to the direct holding of Salisto Holdings LLC. Importantly, the total number of shares and voting rights in the Company controlled by Mr. Todorov remains unchanged at 27.79%. After the contribution, Mr. Todorov will hold 21.26% directly and 6.53% indirectly through Salisto Holdings LLC, within the meaning of Art. 146 POSA. The aggregate position controlled by Mr. Todorov remains at 27.79%, and there is no change in the ultimate beneficial owner of the shares or in the control exercised by Mr. Todorov over the Company.
This structural reorganization underscores the stability of the Company's ownership while streamlining the holding structure. For investors and market observers, the key takeaway is that the transfer does not alter the effective control or economic interest of Mr. Todorov in Shelly Group. It is a legal and administrative maneuver that may facilitate estate planning or corporate governance efficiencies, but it carries no implications for the Company's operational strategy or financial performance.
Shelly Group SE develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology, seamless interoperability, and a high degree of technological flexibility. Shelly products enable remote control and automation as well as energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems. In addition to the sale of devices, the Shelly Group generates revenue from its cloud applications. The Shelly Group benefits from asset-light production through the use of contract manufacturers. The Company has a strong presence in German-speaking countries and is represented with its products in more than 100 countries. With sales organizations in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States and China, the Shelly Group has a broad international presence.
Shelly Group SE (ISIN: BG1100003166) is listed on the Bulgarian Stock Exchange and on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG), and is included in the SDAX. For further information, please visit corporate.shelly.com.
