13th Feb 2014 09:00
SECONDARY TRADING NOTICE
ANNOUNCEMENT 13 FEBRUARY 2014
Further to the Appendix 3B released today, 40,400 ordinary shares of no par value ("Ordinary Shares") will be issued following the exercise of 40,400 listed options, exercisable at $0.04 on or before 31 December 2014.
Application has been made for admission of 40,400 Ordinary Shares to trading on the AIM Market of the London Stock Exchange. The 40,400 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 or around 14 February 2014.
Following admission there will be 1,223,237,204 Ordinary Shares in the capital of Vmoto on issue.
The above figure of 1,223,237,204 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.
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")
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:
(a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at 13 February 2014, 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
(c) as at 13 February 2014 there is no information:
(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and(ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or(B) the rights and liabilities attaching to the relevant Shares.
AUTHORISED BY:
Shannon Coates
Company Secretary
For further enquiries, please contact:
Charles Chen, Managing Director Olly Cairns, Non-Executive Director | +61 (8) 9226 3865 +61 (8) 9226 3865 |
finnCap Ltd | +44 20 7220 0500 |
Ed Frisby/Christopher Raggett (corporate finance) Tony Quirke (corporate broking) |
About Vmoto
Vmoto is a global two wheel vehicle manufacturing and distribution group and is listed on the Australian Securities Exchange (ASX) and on the AIM market of the London Stock Exchange. The Company specialises in high quality "green" two wheel electric powered vehicles and manufactures a range of western designed electric (and some petrol) two wheel vehicles from its low cost manufacturing facilities in Nanjing, China, marketed in Europe through its operation in Bremen, Germany and marketed outside Europe through its operations in Australia. 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.
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12
Name of entity |
VMOTO Limited |
ABN |
36 098 455 460 |
We (the entity) give ASX the following information.
1.2 Part 1 ‑ All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 | +Class of +securities issued or to be issued
| Fully Paid Ordinary Shares.
|
| ||
| |||||
2 | Number of +securities issued or to be issued (if known) or maximum number which may be issued
| 40,400 |
| ||
| |||||
3 | Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) | Fully Paid Ordinary Shares. |
| ||
| |||||
4 | Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state: · the date from which they do · the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment · the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment | Yes.
|
| ||
| |||||
5 | Issue price or consideration
| $0.04 per Share.
|
| ||
6 | Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
| 40,400 Fully Paid Ordinary Shares issued following the exercise of 40,400 listed options, exercisable at $0.04 on or before 31 December 2014.
| |||
| |||||
6a | Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?
If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i | No.
| |||
| |||||
6b | The date the security holder resolution under rule 7.1A was passed | N/A | |||
| |||||
6c | Number of +securities issued without security holder approval under rule 7.1 | Nil. | |||
| |||||
6d | Number of +securities issued with security holder approval under rule 7.1A | Nil. | |||
| |||||
6e | Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
| Nil. | |||
| |||||
6f | Number of securities issued under an exception in rule 7.2 | 40,400 Fully Paid Ordinary Shares issued following the exercise of 40,400 options, exercisable at $0.04 on or before 31 December 2014.
| |||
| |||||
6g | If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. | N/A
| |||
| |||||
6h | If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements | N/A | |||
| |||||
6i | Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements | 161,323,762 under rule 7.1;
| |||
| |||||
7 | Dates of entering +securities into uncertificated holdings or despatch of certificates
| 13 February 2014 | |||
|
| ||||
Number | +Class | ||||
8 | Number and +class of all +securities quoted on ASX (including the securities in section 2 if applicable)
| 1,223,237,204
145,851,830 | Fully Paid Ordinary Shares.
Options exercisable at 4 cents each on or before 31 December 20141.
1. 40,400 options exercised 13/02/2014. | ||
Number | +Class
| ||
Number and +class of all +securities not quoted on ASX (including the securities in section 2 if applicable)
|
8,500,000
11,500,000
5,000,000
5,000,000
16,000,000
|
ESOP Options exercisable at 2.5 cents each on or before 1 September 2014.
ESOP Options exercisable at 3.0 cents each on or before 23 November 2015.
Class E Unlisted Options exercisable at 4 cents each on or before 23 May 2018.
Class F Unlisted Options exercisable at 8 cents each on or before 23 May 2018.
Incentive Performance Rights convertible to shares (subject to various performance and time based vesting conditions) as approved by shareholders on 31 July 2012. | |
10 | Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) | N/A |
Part 2 ‑ Bonus issue or pro rata issue
11 | Is security holder approval required?
| N/A |
12 | Is the issue renounceable or non-renounceable? | N/A |
13 | Ratio in which the +securities will be offered | N/A |
14 | +Class of +securities to which the offer relates | N/A |
15 | +Record date to determine entitlements | N/A
|
16 | Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? | N/A |
17 | Policy for deciding entitlements in relation to fractions
| N/A |
18 | Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. | N/A |
19 | Closing date for receipt of acceptances or renunciations | N/A |
20 | Names of any underwriters
| N/A |
21 | Amount of any underwriting fee or commission | N/A |
22 | Names of any brokers to the issue
| N/A |
23 | Fee or commission payable to the broker to the issue | N/A |
24 | Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders | N/A |
25 | If the issue is contingent on +security holders' approval, the date of the meeting | N/A |
26 | Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled | N/A |
27 | If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders | N/A |
28 | Date rights trading will begin (if applicable) | N/A |
29 | Date rights trading will end (if applicable)
| N/A |
30 | How do +security holders sell their entitlements in full through a broker? | N/A |
31 | How do +security holders sell part of their entitlements through a broker and accept for the balance? | N/A |
32 | How do +security holders dispose of their entitlements (except by sale through a broker)? | N/A |
33 | +Despatch date
| N/A |
Part 3 ‑ Quotation of securities
You need only complete this section if you are applying for quotation of securities
34 | Type of securities (tick one)
| |
(a) | x | Securities described in Part 1 |
(b) | All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities |
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents |
35 | If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders | |
36 | If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over | |
37 | A copy of any trust deed for the additional +securities |
Entities that have ticked box 34(b)
38 | Number of securities for which +quotation is sought
|
| ||
| ||||
39 | Class of +securities for which quotation is sought
|
| ||
| ||||
40 | Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state: · the date from which they do · the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment · the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment |
| ||
| ||||
41 | Reason for request for quotation now Example: In the case of restricted securities, end of restriction period
(if issued upon conversion of another security, clearly identify that other security)
|
| ||
| ||||
Number | +Class | |||
42 | Number and +class of all +securities quoted on ASX (including the securities in clause 38)
| |||
(i) Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
· The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
· There is no reason why those +securities should not be granted +quotation.
· An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
· Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
· If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here: Date: 13 February 2014
(Company Secretary)
Print name: SHANNON COATES
== == == == ==
2. Appendix 3B - Annexure 1
2.1 Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities
Introduced 01/08/12
2.2 Part 1
Rule 7.1 - Issues exceeding 15% of capital | |
Step 1: Calculate "A", the base figure from which the placement capacity is calculated | |
Insert number of fully paid ordinary securities on issue 12 months before date of issue or agreement to issue | 896,087,712 |
Add the following: • Number of fully paid ordinary securities issued in that 12 month period under an exception in rule 7.2 • Number of fully paid ordinary securities issued in that 12 month period with shareholder approval • Number of partly paid ordinary securities that became fully paid in that 12 month period Note: • Include only ordinary securities here - other classes of equity securities cannot be added • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items |
75,000,000 Shares issued 02/09/2013 2,000,000 Shares issued 02/09/2013 54,545,455 Shares issued 09/10/2013 173,000,273 Shares issued 19/11/2013 2,000,000 Shares issued 17/12/2013 2,000,000 Shares issued 21/01/2014 40,400 Shares issued 13/02/2014
= 308,313,128 Shares |
Subtract the number of fully paid ordinary securities cancelled during that 12 month period | 0 |
"A" | 1,204,400,840 |
Step 2: Calculate 15% of "A" | |
"B" | 0.15 [Note: this value cannot be changed] |
Multiply "A" by 0.15 | 180,660,126 |
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used | |
Insert number of equity securities issued or agreed to be issued in that 12 month period not counting those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded - not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items | 18,836,364 Shares issued 19/11/2013 500,000 Listed Options issued 19/11/2013 |
"C" | 19,336,364 |
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1 | |
"A" x 0.15 Note: number must be same as shown in Step 2 | 180,660,126 |
Subtract "C" Note: number must be same as shown in Step 3 | 19,336,364 |
Total ["A" x 0.15] - "C" | 161,323,762 [Note: this is the remaining placement capacity under rule 7.1] |
1.1
2.3 Part 2
Rule 7.1A - Additional placement capacity for eligible entities | |
Step 1: Calculate "A", the base figure from which the placement capacity is calculated | |
"A" Note: number must be same as shown in Step 1 of Part 1 | 1,204,400,840 |
Step 2: Calculate 10% of "A" | |
"D" | 0.10 Note: this value cannot be changed |
Multiply "A" by 0.10 | 120,440,084 |
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used | |
Insert number of equity securities issued or agreed to be issued in that 12 month period under rule 7.1A Notes: • This applies to equity securities - not just ordinary securities • Include here - if applicable - the securities the subject of the Appendix 3B to which this form is annexed • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained • It may be useful to set out issues of securities on different dates as separate line items | Nil |
"E" | Nil |
Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A | |
"A" x 0.10 Note: number must be same as shown in Step 2 | 120,440,084 |
Subtract "E" Note: number must be same as shown in Step 3 | Nil |
Total ["A" x 0.10] - "E" | 120,440,084 Note: this is the remaining placement capacity under rule 7.1A |
Related Shares:
VMT.L