The Annual General Meeting of Shelly Group SE, a provider of IoT and smart building solutions based in Sofia, Bulgaria, was held today and approved the proposal of the Board of Directors to distribute a gross dividend of EUR 0.13 per share. This amounts to a total distribution of approximately EUR 2.36 million. The dividend will be paid in euro within 60 days following the meeting, with shareholders entered in the register on the 14th day after the meeting being entitled to receive it.
All resolutions proposed under the agenda items were adopted by the shareholders. The members of the Board of Directors were discharged for the past financial year, indicating shareholder satisfaction with the company's performance and governance. This approval underscores the company's financial health and its commitment to returning value to shareholders.
Shelly Group SE develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology and seamless interoperability. The company's products enable remote control, automation, and energy management of electrical appliances via smartphones, PCs, or third-party home automation systems. Revenue is generated from both device sales and cloud applications, with the company benefiting from asset-light production through contract manufacturers.
The company has a strong presence in German-speaking countries and is represented in over 100 countries, with sales organizations in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China. Shelly Group SE is listed on the Bulgarian Stock Exchange and on the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the ticker SLYG, and is included in the SDAX.
This dividend announcement is significant as it reflects the company's stable financial position and its ability to generate cash flow to reward investors. For more details, the original release can be viewed at newmediawire.com. Investor relations inquiries can be directed to CROSS ALLIANCE communication GmbH, as indicated in the release.
