Shelly Group SE (Ticker SLYG / ISIN: BG1100003166) has received notifications regarding a significant share transfer by its board member and shareholder, Svetlin Todorov. The transactions involve an in-kind contribution of 1,184,995 shares, representing 6.53% of the company's share capital and voting rights, from Todorov's direct holding to Salisto Holdings LLC, an entity he solely controls. This move, disclosed under Art. 19 MAR and Art. 145 of the Public Offering of Securities Act, does not alter Todorov's aggregate stake, which remains at 27.79%.
The in-kind contribution effectively shifts the shares from Todorov's direct ownership to indirect ownership via Salisto Holdings LLC. Consequently, Todorov will hold 21.26% directly and 6.53% indirectly through Salisto Holdings LLC, within the meaning of Art. 146 POSA. Importantly, the total number of shares and voting rights controlled by Todorov remains unchanged, and there is no change in the ultimate beneficial owner or in the control exercised over the company.
This restructuring may signal a strategic move to consolidate ownership or facilitate future investment structures, as Salisto Holdings LLC is a vehicle entirely controlled by Todorov. The transaction does not affect the company's operational performance or its market position, but it could have implications for corporate governance and shareholder transparency.
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 through smartphones, PCs, or third-party home automation systems. With a strong presence in German-speaking countries and representation in over 100 countries, Shelly Group has established a broad international footprint, including sales organizations 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 the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG) and is included in the SDAX. This share transfer is a notable event for investors and stakeholders, as it reflects the internal ownership structure of a key shareholder and board member.
For further information, please visit corporate.shelly.com.
