Live News MNA ARTICLE M impact Oct 05, 2026, 07:06 PM UTC

Shelly Group SE board backs Schneider Electric's takeover offer

The Board of Directors of Shelly Group SE has resolved to support the voluntary public tender offer by SE 2026 A SAS, an indirect wholly-owned subsidiary of Schneider Electric SE. The offer price is EUR 70.00 per share.

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SquawkNews Desk 2 updates Updated Oct 05, 2026, 07:10 PM UTC

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07:06:12 PM UTC

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Schneider Electric is seeking to buy Shelly Group via a voluntary public tender offer priced at EUR 70 per share. Shelly’s board backed the offer, citing alignment with terms set out in the Sept. 24, 2026 investment agreement. An independent fairness opinion from Freitag & Co. found the EUR 70 offer price fair financially. The bidder outlined plans covering management, footprint, employment, brand preservation for a set period, and a potential delisting. The offer was registered with Bulgaria’s Financial Supervision Commission on Sept. 28, 2026, with publication pending regulator sign-off. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shelly Group AD published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2410688_en) on October 05, 2026, and is solely responsible for the information contained therein. (C)

07:10:40 PM UTC

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EQS-News: Shelly Group SE / Key word(s): Tender Offer Shelly Group Board of Directors considers EUR 70.00 offer price fair and supports Schneider Electric’s voluntary public tender offer 05.10.2026 / 21:10 CET/CEST The issuer is solely responsible for the content of this announcement. ═══════════════════════════════════════════════════════════════════════════════ Shelly Group Board of Directors considers EUR 70.00 offer price fair and supports Schneider Electric’s voluntary public tender offer • Independent fairness opinion by Freitag & Co. concludes that the offer price is fair from a financial point of view • Offer price represents a premium of approx. 27% to the unaffected XETRA six-month volume-weighted average price (VWAP) • The Board of Directors sees Schneider Electric as a strong strategic partner for Shelly Group’s next phase of growth Sofia / Munich, October 5, 2026 — The Board of Directors of Shelly Group SE (Ticker: 1 SLYG / ISIN: 2 BG1100003166) (“Shelly Group”), a provider of IoT and smart building solutions based in Sofia, Bulgaria, has completed its assessment of the announced voluntary public tender offer by SE 2026 A SAS, an indirect wholly-owned subsidiary of Schneider Electric SE. The Board considers the offer price of EUR 70.00 per share in cash fair and adequate. Its assessment of the offer price is supported by an independent fairness opinion from Freitag & Co. GmbH, which concludes that the offer price is fair from a financial point of view. The Board considers Schneider Electric a strong strategic partner for Shelly Group’s next phase of international growth while preserving the Company’s entrepreneurial culture, organization and workforce. Fairness Opinion confirms financial fairness of offer price In assessing the Offer, the Board of Directors took into account an independent fairness opinion dated October 2, 2026, from Freitag & Co. GmbH (“Freitag”), which was voluntarily commissioned by the Board. Freitag concludes that the offer price of EUR 70.00 per share in cash is fair, from a financial point of view to the shareholders of Shelly Group. The offer price represents a premium of approx. 27% to Shelly Group’s XETRA six-month volume-weighted average price of EUR 55.16 per share on July 28, 2026, the last trading day prior to the public disclosure of discussions between Shelly Group and Schneider Electric. For its assessment, Freitag considered customary valuation methodologies, including an analysis of historical trading prices, a discounted cash flow valuation, a review of comparable listed companies and precedent transactions, a premium analysis based on comparable public tender offers, and available equity research analyst target prices. No single methodology was assigned a specific mathematical weighting. The Fairness Opinion addresses the fairness of the offer price from a financial point of view and does not constitute a recommendation to shareholders as to whether they should tender their shares into the Offer.

EQS-Ad-hoc: Shelly Group SE / Key word(s): Mergers and Acquisitions / Takeover Offer Shelly Group SE: Board of Directors with positive opinion on the registered voluntary public tender offer by Schneider Electric SE 05-Oct-2026 / 21:05 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by 1 EQS News — a service of 2 EQS Group. The issuer is solely responsible for the content of this announcement. 00 per share.

The Offer has been registered with the Bulgarian Financial Supervision Commission (the “FSC”) on September 28, 2026, and will be published upon approval by FSC. According to the Board of Directors, the Offer fully reflects the terms agreed under the Investment Agreement announced on September 24, 2026, on which the Company agreed to support a potential Offer.

These include the offered price and the Bidder’s stated intentions in particular its strategic plan for the Company following a successful completion of the Offer, in respect of the management, geographical footprint, employment levels and the preservation of its core trademarks for a specific period of time as well as in respect of the delisting of the Company. The Board of Directors’ opinion is supported by an independent fairness opinion on the offer price prepared by Freitag & Co. 00 per share from a financial point of view.

A summary of the Fairness Opinion will be available at 5 The Offer is currently still subject to approval by the Financial Supervision Commission (the “FSC”). Upon approval of the Offer by the FSC, the Company will publish the Board of Directors’ opinion together with the tender offer document as approved by the FSC. The acceptance period for the Offer will only commence upon publication of the Offer, as approved by the FSC. com.

de 8 Important notice This announcement is for information purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell securities of Shelly Group. The Offer will be made exclusively on the basis of the offer document after its clearance by the FSC. Shareholders are advised to read the offer document and the reasoned opinion of Shelly Group’s Board of Directors carefully once available. This announcement may contain forward-looking statements.

Actual results may differ materially from those expressed or implied by such statements due to risks, uncertainties and other factors. End of Inside Information ═══════════════════════════════════════════════════════════════════════════════ 05-Oct-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

com Internet: ISIN: BG1100003166 WKN: A2DGX9 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX LEI Code: 8945007IDGKD0KZ4HD95 EQS News ID: 2410688 End of Announcement EQS News Service 2410688 05-Oct-2026 CET/CEST References Visible links 1. 2. 3. 4.

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