REG - Vmoto Limited - Secondary Trading Notice <Origin Href="QuoteRef">VMT.AX</Origin>

VmotoAnnouncement

11/11/2014 08:31

RNS Number : 6553W
Vmoto Limited
11 November 2014
SECONDARY TRADING NOTICE
ANNOUNCEMENT 11 November 2014
Vmoto announces that 59,608,079 ordinary shares of no par value ("Ordinary Shares") have been issued as follows:
 45,894,329 Ordinary Shares on 7 November 2014 at a deemed issue price of $0.041, as part consideration for the acquisition of the business of Nanjing Haiyong Electronic Technology Co, Ltd (subject to voluntary escrow until 7 November 2016);
 813,750 Ordinary Shares on 7 November 2014 on conversion of listed options, exercisable at $0.04 each on or before 31 December 2015; and
 12,900,000 Ordinary Shares on 11 November 2014 to employees and consultants for nil cash consideration (subject to voluntary lock in until 7 November 2016).
Further to the Appendix 3B's lodged with ASX on 7 November and 11 November 2014, application will be made for admission of 59,608,079 Ordinary Shares to trading on the AIM Market of the London Stock Exchange. The 59,608,079 new Ordinary Shares will rank pari passu with the existing ordinary shares in Vmoto currently on issue and are expected to be admitted to trading on AIM on or around 14 November 2014. 
Following admission there will be 1,296,047,504 Ordinary Shares in the capital of Vmoto in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Vmoto. 
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Ordinary Shares noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
(a) the Company issued the Ordinary Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at 11 November 2014, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at 11 November 2014 there is no information: 
(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: 
(A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
(B) the rights and liabilities attaching to the relevant Ordinary Shares.
For further information, please contact:
Vmoto
Charles Chen, Managing Director
Olly Cairns, Non-Executive Director +61 8 9226 3865
Investors and media
Market Eye Pty Ltd
Ronn Bechler +61 400 009 774
finnCap Ltd  
Ed Frisby (corporate finance)
Christopher Raggett (corporate finance)
Tony Quirke (corporate broking)  +44 20 7220 0500
About Vmoto
Vmoto Limited (ASX/AIM: VMT) is a global scooter manufacturing and distribution group. The Company specialises in high quality "green" electric powered two wheel vehicles and manufactures a range of western designed electric scooters from its low cost manufacturing facilities in Nanjing, China. Vmoto combines low cost Chinese manufacturing capabilities with European design. The group operates through two primary brands: Vmoto (aimed at the value market in Asia) and E-Max (targeting the Western markets, with a premium end product). As well as operating under its own brands, the Company also sells to a number of customers on an original equipment manufacturer ("OEM") basis.

This information is provided by RNS
The company news service from the London Stock Exchange
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