Shelly Group Transitions to European Company Status

Shelly Group AD, based in Sofia and Munich, has announced that its Extraordinary General Meeting has approved a transformation into a European Company, known as Societas Europaea (SE). This decision aligns with the Board of Directors' proposal and will be executed through a change in legal form.

Shareholders of Shelly Group will retain their current number of shares following the conversion. Additionally, this change will not impact the company's stock exchange listing or the tradability of its shares. Once implemented, shares in Shelly Group AD will automatically convert to shares in Shelly Group SE.

This restructuring follows Council Regulation (EC) No. 2157/2001, which governs the statutes for European Companies. Shareholders and stakeholders can view the detailed conversion plan on the company's website.