RIO DE JANEIRO, Nov. 16, 2021 /PRNewswire/ -- Oi S.A. – In
Judicial Reorganization ("Oi") hereby announces that, following the
voluntary delisting of its American Depositary Receipts ("ADRs")
representing common shares from the New York Stock Exchange
effective on October 28, 2021, the
Company intends to file a Form 15F with the U.S. Securities and
Exchange Commission ("SEC") to terminate the registration of all
classes of its registered securities under Section 12(g) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
as well as to terminate its reporting obligations under the
Exchange Act. As a result of filing Form 15F, Oi's obligations to
file reports under the Exchange Act will be suspended immediately
and are expected to terminate 90 days after the filing, barring any
objection by the SEC.
Oi will maintain the listing of its common shares and preferred
shares on the São Paulo Stock Exchange (B3 S.A. - Bolsa,
Brasil, Balcão) under the ticker symbols "OIBR3" and "OIBR4,"
respectively, and it will continue to be subject to applicable
disclosure requirements under Brazilian law. Oi intends to continue
to disclose its periodic reports, annual and interim results and
communications as required by applicable laws and regulations on
its website (https://ri.oi.com.br), including in English.
In addition, Oi's ADRs representing common shares and preferred
shares will continue to trade in the U.S. over-the-counter market
under the ticker symbols "OIBZQ" and "OIBRQ," respectively.
Oi reserves the right, for any reason, to delay the Form 15F
filing, to withdraw the filing prior to effectiveness, and to
otherwise change its plans in respect of deregistration and
termination of its reporting obligations under applicable U.S.
federal securities laws in any way.
Contact Information
For further information, please contact:
Oi Investor Relations Department
Email: invest@oi.net.br
Telephone: +55 (21) 3131-2918
Special Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements.
Statements that are not historical facts, including statements
about our beliefs and expectations, are forward-looking statements.
The words "maintain", "plans" and "intends" and similar
expressions, as they relate to Oi, are intended to identify
forward-looking statements. Such statements reflect the current
views of management and are subject to a number of risks and
uncertainties. The statements are based on many assumptions and
factors, including general economic and market conditions, industry
conditions, and operating factors. Any changes in such assumptions
or factors could cause actual results to differ materially from
current expectations. Undue reliance should not be placed on such
statements. Forward-looking statements speak only for the date they
are made.
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SOURCE Oi S.A.