Vmoto Limited (AU:VMT) has released an update.
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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.
For further insights into AU:VMT stock, check out TipRanks’ Stock Analysis page.