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The latest update is out from Vmoto Limited ( (AU:VMT) ).
Vmoto Limited announced the issuance of 3,816,526 fully paid ordinary shares to its directors as a substitute for cash payment of directors’ fees, following approval at the recent Annual General Meeting. This move reflects the company’s strategy to manage cash flow and align the interests of its directors with shareholders, potentially strengthening its financial position and market confidence.
More about Vmoto Limited
Vmoto Limited is a company operating in the electric vehicle industry, focusing on the production and distribution of electric scooters and motorcycles. The company is known for its commitment to sustainable transportation solutions and targets both consumer and commercial markets globally.
Average Trading Volume: 309,112
Technical Sentiment Signal: Sell
Current Market Cap: A$35M
Learn more about VMT stock on TipRanks’ Stock Analysis page.