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    EQS-News  133  0 Kommentare Shelly Group: Successful placement of shares with participation of BIT Capital for targeted increase in free float

    Für Sie zusammengefasst
    • Successful placement of 500,000 shares by major shareholders
    • Aim to increase liquidity and free float for trading
    • BIT Capital invests in Shelly Group for future growth

    EQS-News: Shelly Group AD / Key word(s): Miscellaneous
    Shelly Group: Successful placement of shares with participation of BIT Capital for targeted increase in free float

    14.06.2024 / 19:30 CET/CEST
    The issuer is solely responsible for the content of this announcement.


    Shelly Group: Successful placement of shares with participation of BIT Capital for targeted increase in free float

    Sofia / Munich, 14 June 2024 –
    Shelly Group AD (Ticker SLYG / ISIN: BG1100003166) ("Shelly Group"), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has been informed by two of its major shareholders and members of the Board of Directors of an OTC placement of a total of 500,000 shares from their respective holdings. Dimitar Dimitrov, co-CEO and co-founder, and Svetlin Todorov, responsible for the US business and co-founder, were responding to the strong interest in the company's shares. In an oversubscribed private placement, shares totaling around 2.7% of the company's share capital were placed with various institutional investors, including the BIT Global Internet Leaders 30 Fund of BIT Capital. Dimitar Dimitrov and Svetlin Todorov remain major shareholders of the company with shareholdings of approx. 30.33 % and approx. 29.39 % respectively and continue to fully support the development of Shelly Group.

    Following the admission to trading on XETRA as the first Bulgarian company, the placement of shares of the major shareholders is an essential component of the Company's capital market strategy. In the medium term, the Shelly Group aims to meet the key qualification criterion of market capitalization of freely tradable shares for inclusion in the SDAX. The total market capitalization of all Shelly shares now amounts to around EUR 650 million. The SDAX comprises the 70 largest companies by market capitalization below the MDAX and DAX in Deutsche Börse's index family.

    Wolfgang Kirsch, Co-CEO of Shelly Group, explained: “Shelly Group welcomes the placement of a partial amount of shares of its co-founders Dimitar Dimitrov and Svetlin Todorov. As before, this placement was carried out with prudence and was primarily intended to further increase the liquidity of Shelly shares in trading through a targeted increase in the free float. The commitment of Jan Beckers and his BIT Global Internet Leaders 30 Fund is a true recognition of the hard work our team has put in over the past quarters and years.”

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    EQS-News Shelly Group: Successful placement of shares with participation of BIT Capital for targeted increase in free float EQS-News: Shelly Group AD / Key word(s): Miscellaneous Shelly Group: Successful placement of shares with participation of BIT Capital for targeted increase in free float 14.06.2024 / 19:30 CET/CEST The issuer is solely responsible for the content …

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