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The latest update is out from Vmoto Limited ( (AU:VMT) ).
Vmoto Limited has announced the issuance of 3,816,526 fully paid ordinary shares as a substitute for cash payment of directors’ fees. This move allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, potentially enhancing liquidity and aligning the interests of directors with shareholders.
More about Vmoto Limited
Vmoto Limited operates in the electric vehicle industry, focusing primarily on the production and distribution of electric scooters and motorcycles. The company targets both the consumer and commercial markets, aiming to provide sustainable and efficient transportation solutions.
Average Trading Volume: 309,112
Technical Sentiment Signal: Sell
Current Market Cap: A$35M
For detailed information about VMT stock, go to TipRanks’ Stock Analysis page.