VivoPower provides clarification re US$180 million enterprise value takeover proposal
Proportional takeover offer is a buyout for 8 out of 10 shares held by shareholders at a record date
Amount to be offered per share to be computed as US$180m less net debt divided by number of eligible ordinary shares at the time
LONDON, April 14, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:VVPR) ("VivoPower" or the "Company") hereby provides an update and clarification regarding the proportional takeover offer from Energi Holdings Limited ("Energi") following queries from several shareholders.
The proportional takeover offer is a partial buyout that would result in each shareholder at a record date to be set in the future, being offered an amount to acquire 8 out of every 10 shares that they hold. The current proposal is for this amount to be computed as US$180m less net debt divided by the number of eligible ordinary shares at the time.
The proportional takeover offer is subject to and conditional upon the satisfactory completion of due diligence, which is progressing at the date of this update.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower's core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
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