Shelly Group SE (Ticker: SLYG/ ISIN: BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, 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 set the initial payment date for July 28, 2026, with the final payment date being July 28, 2027. This announcement provides clarity for shareholders regarding the distribution timeline of dividends.
The dividend payment will be processed through the Central Depository AD, adhering to the requirements of the Public Offering of Securities Act and Ordinance 8 dated November 12, 2003, issued by the Financial Supervision Commission (FSC). Shareholders with securities accounts in Register A of the Central Depository (personal accounts) will receive dividends through branches of DSK Bank AD. For those in Register B (client sub-accounts with an investment intermediary), payments will be made through the respective investment intermediary with assistance from the Central Depository. This structured approach ensures an orderly distribution process for all shareholders.
After the dividend payment term expires, shareholders who have not received their dividends will have a five-year limitation period to claim them. During this time, they can request payment from Shelly Group in cash or via bank transfer. Unclaimed dividends after the five-year period will be credited to the Company's Reserve Fund. This policy ensures that unclaimed funds are eventually reinvested into the company, potentially benefiting future operations or growth initiatives.
Shelly Group specializes in IoT and smart building solutions for both DIY enthusiasts and professional users, offering products that enable remote control, automation, and energy management of electrical appliances. The company also generates revenue from cloud applications and operates with an asset-light model by using contract manufacturers. With a strong presence in German-speaking countries and representation in over 100 markets, including the United States and China, Shelly Group continues to expand its global footprint. For more information, visit corporate.shelly.com.
This dividend announcement is significant for shareholders as it provides a defined timeline for payments and outlines the procedures for receiving dividends. The clear communication of terms helps investors plan their finances and underscores Shelly Group's commitment to shareholder returns. The company's financial health and ability to distribute dividends reflect its ongoing success in the competitive IoT and smart building market.
