Vmoto Limited (ASX:VMT) entered into an agreement to acquire remaining 50% stake in Vmoto Soco Italy S.R.L. from Giovanni Castiglioni and Graziano Milone for ?0.5 million on March 14, 2024. Vmoto Limited will issue 2,777,778 shares each to both Giovanni Castiglioni and Graziano Milone i.e., in order to acquire the remaining 50% interest in VSI, the Company agreed to issue 2,777,778 fully paid ordinary shares to each of the Sellers (Consideration Shares) in lieu of cash payment equivalent to a total consideration of approximately $833,334. In addition, the Company agreed to issue 2,777,778 fully paid ordinary shares to each of Messrs Giovanni Castiglioni and Graziano Milone (VSI Management), both of whom have not drawn on any salary for managing the day-to-day operations from the commencement of VSI operations until the date of the Agreement (One-Off Payment Shares).