VMOTO LIMITED Vmoto Limited ('Vmoto' or the 'Company') announces that a total of 1,374,452 Ordinary Shares, comprising 42,194 Ordinary Shares issued at a deemed issue price of $0.395 each to a Director in lieu of Director fees, 32,258 Ordinary Shares issued at a deemed issue price of $0.31 each to a consultant for services provided to the Company and 1,300,000 Ordinary Shares issued for nil consideration to employees in recognition of recent efforts have been issued today.
Further to the Appendix 3B lodged with ASX, application has been made for admission of 1,374,452 Ordinary Shares to trading on the AIM Market of the London Stock Exchange. The 1,374,452 new Ordinary Shares will rank pari passu with the existing ordinary shares in Vmoto currently on issue and are expected to be admitted to trading on AIM on or around 8 October 2015.
Following admission there will be 154,362,518 Ordinary Shares in the capital of Vmoto on issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Vmoto.
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
as at 2 October 2015, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
as at 2 October 2015 there is no information:
that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
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the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
the rights and liabilities attaching to the relevant Shares. For further information, please contact:
Vmoto | |
Charles Chen, Managing Director Olly Cairns, Non-Executive Director | +86 1391 3388 886 charles@vmoto.com.cn +61 8 9226 3865 |
finnCap Ltd Christopher Raggett/Simon Hicks (corporate finance) Tony Quirke/Mia Gardner (corporate broking) | +44 20 7220 0500 |
Vmoto Limited (ASX/AIM: VMT) is a global scooter manufacturing and distribution group. The Company specialises in high quality 'green' electric powered two wheel vehicles and manufactures a range of western designed electric scooters from its low cost manufacturing facilities in Nanjing, China. Vmoto combines low cost Chinese manufacturing capabilities with European design. The group operates through two primary brands: Vmoto (aimed at the value market in Asia) and E-Max (targeting the Western markets, with a premium end product). As well as operating under its own brands, the Company also sells to a number of customers on an original equipment manufacturer ('OEM') basis.
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