VMT Vmoto

TIDMVMT

RNS Number : 4073Q

Vmoto Limited

17 June 2015

SECONDARY TRADING NOTICE

ANNOUNCEMENT 17 June 2015

Further to the announcement on 12 June 2015, Vmoto Limited has today issued 20,119,763 Ordinary Shares ("Shares") comprising 19,780,000 Shares at $0.45 (GBP0.2247) per Share pursuant to the Placement, 266,668 Shares following the vesting of Class H Performance Rights, 38,095 Shares to a Director, as approved by Shareholders at the Company's Annual General Meeting and 35,000 Shares following the exercise of 35,000 ESOP Options exercisable at $0.30 each on or before 23 November 2015.

In addition to the Appendix 3B lodged with ASX, application has been made for admission of 20,084,763 Shares to trading on the AIM Market of the London Stock Exchange. The 20,084,763 new Shares will rank pari passu with the existing Shares in Vmoto currently on issue and are expected to be admitted to trading on AIM on or around 17 June 2015. Application will be made for admission of the further 35,000 Shares to trading on the AIM Market of the London Stock Exchange. The 35,000 new Shares will rank pari passu with the existing Shares in Vmoto currently on issue and are expected to be admitted to trading on AIM on or around 23 June 2015.

Following both admissions there will be 152,945,433 Shares in the capital of Vmoto on 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 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 Shares without disclosure to investors under Part 6D.2 of the Act; 

(b) as at 17 June 2015, 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 17 June 2015 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 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

Christopher Raggett (corporate finance)

Simon Hicks (corporate finance)

   Tony Quirke (corporate broking)                             +44 20 7220 0500 

Mirabaud

   Peter Krens (equity capital markets)                         +44 20 7878 3362 
   Ed Haig-Thomas (equity capital markets)                +44 20 7878 3447 

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

END

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