Shelly Group SE (Ticker SLYG / ISIN: BG1100003166) has announced a significant change in the shareholding structure of its Board member, Mr. Svetlin Todorov, involving an in-kind contribution of shares to a company he solely controls. The move is a strategic reorganization of his holdings, with the total stake remaining unchanged.
According to the notifications received by the Company under Art. 19 MAR and Art. 145 of the Public Offering of Securities Act, Mr. Todorov has disposed of 1,184,995 shares, representing 6.53% of the Company's share capital and voting rights, through an in-kind contribution to Salisto Holdings LLC. In parallel, Salisto Holdings LLC, which is solely controlled by Mr. Todorov, has acquired the same number of shares via the same mechanism. This transaction transfers the shares from Mr. Todorov's direct holding to his indirect holding through Salisto Holdings LLC.
As a result of this contribution, Mr. Todorov will hold 21.26% of the Company's shares 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%, with no change in the ultimate beneficial owner or in the control exercised by him over the Company. This restructuring is purely administrative and does not alter his economic exposure or voting rights.
The announcement is important for investors as it clarifies the ownership structure, ensuring transparency and compliance with regulatory requirements. It also underscores the stability of the Company's leadership, as Mr. Todorov's control remains unchanged. For further details, interested parties can visit corporate.shelly.com.
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. The Company's 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 device sales, the Group generates revenue from its cloud applications. With an asset-light production model using contract manufacturers, the Company has a strong presence in German-speaking countries and is represented 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 Group has a broad international footprint.
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 index. This transaction reflects the Company's commitment to transparent governance and adherence to market regulations, providing clarity to shareholders and the market alike.
