EQS-News: Shelly Group to acquire additional 16% stake in its Slovenian subsidiary Shelly Tech (formerly GOAP d.o.o.)
Sofia / Munich, 22 February 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) (“Shelly Group”), has exercised a call option to acquire an additional 16% stake of the share capital of its Slovenian IoT subsidiary Shelly Tech (formerly GOAP Računalniški inženiring in avtomatizacija procesov d.o.o.
- Sofia / Munich, 22 February 2024 – Shelly Group AD (Ticker SLYG / ISIN: BG1100003166 ) (“Shelly Group”), has exercised a call option to acquire an additional 16% stake of the share capital of its Slovenian IoT subsidiary Shelly Tech (formerly GOAP Računalniški inženiring in avtomatizacija procesov d.o.o.
- Nova Gorica) (the “Target Company”).
- The total purchase price for the 16% stake under the exercised call option amounts to EUR 586,666.30 calculated in accordance with the conditions of the option agreement.
- The remaining 24% of the shares in the Target Company held by three individual shareholders are subject to a further call/put option exercisable in 2026 under the agreed terms.