2nd Jun 2014 07:00
SECONDARY TRADING NOTICE
ANNOUNCEMENT 2 June 2014
Vmoto announces that 1,000,000 ordinary shares of no par value ("Ordinary Shares") have today been issued following the exercise of 1,000,000 ESOP options exercisable at $0.03 each on or before 23 November 2015.
Further to the Appendix 3B lodged with ASX today, application has been made for admission of 1,000,000 Ordinary Shares to trading on the AIM Market of the London Stock Exchange. The 1,000,000 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 4 June 2104.
Following admission there will be 1,235,426,675 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.
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 2 June 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 2 June 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.
For further enquiries, please contact:
Vmoto Limited | |
Charles Chen, Managing Director Olly Cairns, Non-Executive Director | +61 (8) 9226 3865 +61 (8) 9226 3865 |
Investors and Media | |
Market Eye Pty Ltd | P: +61 400 009 774 |
Ronn Bechler | |
Nominated Adviser and Broker | |
finnCap Ltd | +44 20 7220 0500 |
Ed Frisby/Christopher Raggett (corporate finance) Tony Quirke (corporate broking) |
About Vmoto
Vmoto Limited (ASX: VMT) is a global scooter manufacturing and distribution group. The Company specialises in high quality "green" electric powered scooters 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 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.
Related Shares:
VMT.L