on Allterco JSCo (isin : BG1100003166)
Shelly Group Transitions to European Company Status
Shelly Group AD, based in Sofia and Munich, has announced that its Extraordinary General Meeting has approved a transformation into a European Company, known as Societas Europaea (SE). This decision aligns with the Board of Directors' proposal and will be executed through a change in legal form.
Shareholders of Shelly Group will retain their current number of shares following the conversion. Additionally, this change will not impact the company's stock exchange listing or the tradability of its shares. Once implemented, shares in Shelly Group AD will automatically convert to shares in Shelly Group SE.
This restructuring follows Council Regulation (EC) No. 2157/2001, which governs the statutes for European Companies. Shareholders and stakeholders can view the detailed conversion plan on the company's website.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Allterco JSCo news