home24 SE / Key word(s): IPO
Berlin - home24 SE ("home24", the "Company") is preparing the public listing of its Brazilian subsidiary Mobly S.A.
home24 operates its business on the Brazilian market under the "Mobly" brand through its subsidiary Mobly S.A. and its operating subsidiaries Mobly Comércio Varejista Ltda. and Mobly Hub Transportadora Ltda.
The Management Board and the Supervisory Board of the Company decided today to pursue a listing of the shares of Mobly S.A. on the Novo Mercado of the B3 (formerly Sao Paulo Stock Exchange), Brazil, next year if market conditions remain favorable for such an initial public offering. The first draft of a securities prospectus shall be filed in Brazil with the competent financial supervisory authority (Comissão de Valores Mobiliário) within the course of today.
The proceeds from the planned IPO would be primarily used to strengthen the growth strategy of the Company's Brazilian business.
Person making the notification: Dr. Martin Bredol, Capital Market Compliance Officer
This release is being disclosed pursuant to applicable securities regulations for informative purposes only and shall not, in any circumstances, be construed as an investment recommendation, an offer to sell or solicitation of an offer to buy the Mobly's securities, including Mobly's shares.
If offered, the shares of Mobly S.A. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements in the United States.
|Greifswalder Straße 212-213|
|Phone:||+49 30 - 609880019|
|Fax:||+49 30 - 2016329499|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1152933|
|End of Announcement||DGAP News Service|