Shelly Group SE, a provider of IoT and smart building solutions based in Sofia, Bulgaria, and listed on both the Bulgarian Stock Exchange and the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA:SLYG), has announced the terms of its dividend payment following the resolution of the General Meeting of Shareholders on June 29, 2026. The Board of Directors has determined that the initial payment date will be July 28, 2026, with the final date of payment set for July 28, 2027. This announcement is significant for shareholders as it outlines the process and timeline for receiving dividends.
The dividend payment will be made through the Central Depository AD, in accordance with the requirements of the Public Offering of Securities Act and Ordinance 8 dated November 12, 2003, about the Central Depository, issued by the FSC. For shareholders whose securities accounts are in Register A of the Central Depository (personal accounts), the dividend will be paid through the branches of DSK Bank AD. For shareholders whose securities accounts are in Register B of the Central Depository (client sub-account with an investment intermediary), the dividend will be paid through the respective investment intermediary with the assistance of the Central Depository. This structured payment system ensures that dividends reach shareholders efficiently, but also places responsibility on intermediaries to facilitate the process.
After the expiry of the dividend payment term, within the five-year limitation period, any shareholder who has not received his/her dividend will be able to receive it from the company in cash or by bank transfer after an explicit request sent to Shelly Group SE. Unreceived and unclaimed dividends after the expiry of the five-year limitation period shall be credited to the company's Reserve Fund. This provision has implications for shareholders who may miss the initial payment window, as they have a five-year window to claim their dividends, after which the funds revert to the company. This could impact shareholder returns if dividends go unclaimed, and it underscores the importance of timely action by investors.
Shelly Group SE develops, designs, and distributes IoT and smart building solutions for DIY and professional users, offering advanced technology, seamless interoperability, and a high degree of technological flexibility. The company's products enable remote control and automation as well as energy management of electrical appliances and smart building solutions via smartphones, PCs, or third-party home automation systems. In addition to device sales, the company generates revenue from its cloud applications. With an asset-light production model using contract manufacturers, Shelly Group has a strong presence in German-speaking countries and is represented in more than 100 countries globally. Its broad international presence includes sales organizations in DACH, Benelux, the Nordics, Iberia, Poland, Italy, France, the United Kingdom, Bulgaria, Slovenia, the United States, and China.
For further information about the dividend terms and the company, please visit corporate.shelly.com. This dividend announcement is a key event for shareholders, providing clarity on payment timelines and procedures, and highlighting the company's commitment to returning value to its investors.
