Vmoto Limited (AU:VMT) has released an update.
Vmoto Limited has successfully completed its small holdings sale facility, allowing shareholders with less than $500 worth of shares to sell them without brokerage or handling fees, and reducing the company’s administrative costs. The sale resulted in the transfer of 1,911,700 shares, approximately 0.46% of issued capital, at $0.1373 per share, effectively decreasing the number of shareholders by 1,169. Shareholders affected by the sale will soon receive their proceeds via electronic transfer or cheque.
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