SHELLY GROUP SE (Ticker SLYG / ISIN:BG1100003166), a provider of IoT and smart building solutions based in Sofia, Bulgaria, announced that its Annual General Meeting held today 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. Shareholders entered in the register on the 14th day after the meeting will be entitled to receive the dividend.
All resolutions proposed under the agenda items were adopted by the Annual General Meeting. The members of the Board of Directors were discharged by the shareholders for the past financial year. This approval reflects shareholder confidence in the company's performance and strategic direction.
Shelly Group specializes in developing, designing, and distributing IoT and smart building solutions for both DIY and professional users. Their products enable remote control, automation, and 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. The company benefits from an asset-light production model through the use of contract manufacturers and has a strong presence in German-speaking countries, with products available in over 100 countries.
The company is listed on the Bulgarian Stock Exchange and on the regulated market (Prime Standard) of the Frankfurt Stock Exchange (XETRA: SLYG), and is included in the SDAX. For more information, visit www.crossalliance.de or view the original release at www.newmediawire.com.
