Shelly Group Co-founder Transfers 6.53% Stake to Holding Company

Shelly Group SE, a leading IoT and smart building solutions provider, has announced a significant reorganization of its shareholding structure. Co-founder and Board member Svetlin Todorov has transferred 1,184,995 shares, representing 6.53% of the company's capital and voting rights, to Salisto Holdings LLC, a company he solely controls. This transaction was executed as an in-kind contribution, meaning the shares were moved from his direct ownership to his indirect ownership via Salisto Holdings. Consequently, Todorov now holds 21.26% directly and 6.53% indirectly, but his total controlled stake remains unchanged at 27.79%. The move does not alter the ultimate beneficial ownership or the control he exercises over Shelly Group. The notifications were made under Art. 19 MAR and Art. 145 of the Public Offering of Securities Act, ensuring regulatory compliance. Shelly Group, listed on both the Bulgarian Stock Exchange and the Frankfurt Stock Exchange under the ticker SLYG, continues to expand its global footprint in over 100 countries. The company's innovative products, such as smart relays and energy monitoring devices, are complemented by its robust cloud platform, driving revenue beyond hardware sales. This shareholding adjustment underscores Todorov's continued commitment to the company's growth trajectory, as he aligns his holdings through a corporate entity likely for estate planning or investment management purposes. Investors and market watchers will note the stability in control, which bodes well for strategic continuity. For more details, visit corporate.shelly.com.

This structural change is purely administrative, with no impact on the company's operations or strategic direction. It reflects a common practice among founders to consolidate holdings for better governance or succession planning. Shelly Group's strong market presence, particularly in German-speaking regions, and its inclusion in the SDAX index, highlight its robust financial health and investor confidence. The company's asset-light model and focus on energy management solutions position it well in the growing smart home market. As the world increasingly prioritizes energy efficiency and automation, Shelly's products are becoming essential for modern living. This shareholding news, while routine, reaffirms that key stakeholders remain firmly invested in the company's future, which should reassure investors and customers alike.