IOT Group Limited (ASX:IOT) announced the spin-off of OTT Premium Pty Ltd to the shareholders of IOT Group Limited on June 20, 2016. IOT Group Limited will make an in-specie distribution and OTT Premium Pty Ltd will be a separate listed entity. IOT Group Limited has set up an internal committee to drive the process. OTT Premium Pty Ltd will list on the Australia Stock Exchange by December 2016.