Bemobi makes second filing for IPO in Brazil
Reference is made to the stock exchange release dated 22 October 2020, where it was announced that Otello's subsidiary Bemobi has made a preliminary filing for a listing of the Bemobi business in Brazil. The board has now decided to proceed with the listing process by making a second filing with the Brazilian Securities Commission and to commence a road show for the purpose of attract investors for an initial public offering ("IPO") of Bemobi. It is expected that the first day of trading will occur mid-February 2021, but investors should note that the listing is subject to market conditions