Shelly Group AD (BUL:SLYG) has exercised a call option to acquire an additional 16% stake in Shelly Tech for ?0.59 million on February 22, 2024. The total purchase price for the 16% stake under the exercised call option amounts to ?0.59 million 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.