Brief: Vmoto To Acquire Business And Certain Assets Of Its UK Distributor

Vmoto

07/03/2023 05:46

March 7 (Reuters) - Vmoto Ltd  VMT.AX :
    * AGREES TO ACQUIRE BUSINESS AND CERTAIN ASSETS OF ITS
UNITED
KINGDOM DISTRIBUTOR FOR TOTAL CASH CONSIDERATION OF A$1 MILLION
    * ACQUISITION TO BE FUNDED FROM COMPANY'S EXISTING CASH
RESERVES
    * ON COMPLETION OF ACQUISITION, VMOTO WILL RESUME EXCLUSIVE
SALES
& MARKETING RIGHTS FOR UK MARKET

Source text for Eikon:  ID:nASXblFbYG 
Further company coverage:  VMT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))