Tranche Update on Bemobi Mobile Tech S.A.'s Equity Buyback Plan announced on September 27, 2021.
November 11, 2021 at 06:16 pm EST
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From September 27, 2021 to October 6, 2021, the company has repurchased 50,000 shares, representing 0.06% for BRL 0.79 million. With this, the company has completed the repurchase of 50,000 shares, representing 0.06% for BRL 0.79 million under the buyback announced on September 27, 2021.
Bemobi Mobile Tech SA is a Brazil-based company involved in the mobile media and entertainment industry. The Firm is focused on the distribution and monetization of mobile apps, games and digital services. The Company operates in a Business-To-Business-To-Consumer (B2B2C) model, in partnerships with mobile operators. The Company's services are divided into three units: Applications and Games, Microfinance and Communications. The Applications and Games unit is focused on subscription-based Apps Club, which offers mobile applications and games provided by the Company's content partners, including developers, publishers and distributors. The Microfinance unit provides services for prepaid mobile users, including recharging by credit or debit card and Airtime and Data Advance packages payable at next recharge, among others. The Communications unit provides solutions related to voice calls, such as voicemail and audio to text transcription.