EQS-News

Shelly Group AD: Inclusion in trading on XETRA opens up broader investor base

EQS-News: Shelly Group AD / Key word(s): Miscellaneous Shelly Group AD: Inclusion in trading on XETRA opens up broader investor base 25.04.2024 / 16:40 CET/CEST The issuer is solely responsible for the content of this announcement.

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Shelly Group AD: Inclusion in trading on XETRA opens up broader investor base

Sofia / Munich, 25 April 2024 – Shelly Group AD (Ticker: SLYG / ISIN: BG1100003166) (“Shelly Group” / “the Company“), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has reached another milestone in the implementation of its capital market strategy. As of Monday, 29 April 2024, Shelly shares listed in the Prime Standard of the Frankfurt Stock Exchange will be traded on XETRA. Consequently, Shelly Group will be the first Bulgarian company to be traded on XETRA. Shelly Group has reacted to the strong demand and increasing interest from domestic and international investors in Germany and abroad with the start of trading on the leading stock exchange in Germany. By uplisting from specialist trading on the Frankfurt Stock Exchange to the fully electronic trading platform XETRA, the company expects more liquid trading in Shelly shares and the development of a broader investor base. Baader Bank AG is acting as Designated Sponsor.

Dimitar Dimitrov, Co-CEO of Shelly Group, commented: “We are extremely proud to be the first company from Bulgaria to be included in trading on XETRA. The Shelly share is now even more attractive for private and institutional investors. This way, even more people can benefit from our growth. We focus on the users when we develop our products and solutions. And we focus on the needs and expectations of our shareholders and potential investors on the capital market.”

Wolfgang Kirsch, Co-CEO of Shelly Group, added: „With the start of trading on XETRA, we are now taking a decisive step towards achieving growth on the capital market in line with our excellent operating performance. Continuous and liquid trading on XETRA is a basic requirement for many investors to be able to invest in companies. We are very pleased that we can make our business model and its growth prospects accessible to a larger group of investors by trading Shelly shares on the reference market in Germany.”