The Annual General Meeting of Shelly Group SE (Ticker SLYG / ISIN:BG1100003166), a provider of IoT and smart building solutions, approved the proposal of the Board of Directors to distribute a gross dividend of EUR 0.13 per share. A total of approximately EUR 2.36 million will be distributed. The dividend will be paid in euro within 60 days following the meeting. Shareholders entered in the register on the 14th day after the meeting will be entitled to receive the dividend.
All resolutions proposed under the agenda items were adopted by the Annual General Meeting. The members of the Board of Directors were discharged by the shareholders for the past financial year. This approval reflects shareholder confidence in the company's financial performance and governance.
Shelly Group 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 company generates revenue from its cloud applications. The company benefits from asset-light production through the use of contract manufacturers.
With a strong presence in German-speaking countries and representation in more than 100 countries, Shelly Group has a broad international footprint. Sales organizations are located in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China. The company 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.
The dividend announcement underscores Shelly Group's commitment to returning value to shareholders while maintaining its growth trajectory in the IoT and smart building sectors. The company's asset-light model and international reach position it well for continued expansion. For more details, refer to the original release on NewMediaWire.
