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Vmoto Limited ( (AU:VMT) ) has issued an update.
Vmoto Limited has issued 8,400,000 fully paid ordinary shares to its employees and consultants as a reward for their contributions, and an additional 1,306,255 shares to certain consultants in lieu of cash salaries. This strategic move allows the company to recognize the efforts of its workforce while ensuring immediate trading capability of the shares, enhancing liquidity and potentially boosting employee morale.
More about Vmoto Limited
Vmoto Limited operates in the electric vehicle industry, focusing on the production and distribution of electric-powered two-wheel vehicles, including scooters and motorcycles. The company targets both consumer and business markets, aiming to cater to the growing demand for sustainable and eco-friendly transportation solutions globally.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.13M
For a thorough assessment of VMT stock, go to TipRanks’ Stock Analysis page.
