Shelly Group SE (Ticker SLYG / ISIN: BG1100003166) announced that it has received notifications regarding a change in the direct shareholding structure of Mr. Svetlin Todorov, a shareholder and member of the Board of Directors. The notifications, made under Art. 19 MAR and Art. 145 of the Public Offering of Securities Act, detail the disposal and acquisition of 1,184,995 shares, representing 6.53% of the Company's share capital and voting rights.
Mr. Todorov has transferred these shares via an in-kind contribution to Salisto Holdings LLC, a company solely controlled by him. As a result, the direct holding of Mr. Todorov decreased from 27.79% to 21.26%, while Salisto Holdings LLC now directly holds 6.53%. Importantly, the total number of shares and voting rights controlled by Mr. Todorov remains unchanged at 27.79%, with no change in the ultimate beneficial owner or control exercised over the Company.
This restructuring is a strategic move that aligns with the Company's governance and ownership framework, ensuring that the founding shareholder maintains his influence while optimizing the holding structure. The transaction underscores the stability of Shelly Group's leadership and its commitment to long-term growth.
Shelly Group SE is a leading provider of IoT and smart building solutions, offering advanced technology for DIY and professional users. The Company's products enable remote control, automation, and energy management of electrical appliances, and its cloud applications generate additional revenue. With an asset-light production model and a presence in over 100 countries, Shelly Group continues to expand its international footprint.
For more information, please visit corporate.shelly.com.
