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Vmoto Limited Issues Shares in Lieu of Salary

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Vmoto Limited Issues Shares in Lieu of Salary

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An announcement from Vmoto Limited ( (AU:VMT) ) is now available.

Vmoto Limited, a company listed on the Australian Securities Exchange, has issued 1,472,249 fully paid ordinary shares to an employee as a substitute for cash salary. This move allows the shares to be traded immediately under the exemption provided by section 708A(5) of the Corporations Act 2001, which facilitates the on-sale of securities issued without disclosure. The announcement underscores Vmoto’s compliance with relevant legal provisions and reflects its commitment to transparent communication with stakeholders.

More about Vmoto Limited

Average Trading Volume: 127,253

Technical Sentiment Signal: Sell

Current Market Cap: A$27.1M

Find detailed analytics on VMT stock on TipRanks’ Stock Analysis page.

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