VIVOPOWER ANNOUNCES “SUM OF THE PARTS” STRATEGIC VALUE MAXIMISATION REVIEW
14 Novembro 2023 - 11:25AM
VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the
“Company”) has announced today that it has initiated a sum of the
parts strategic value maximisation review in relation to the
Company and has engaged a corporate adviser, Chardan, in this
regard.
The strategic review has been prompted by
inbound expressions of interest for both Tembo and Aevitas Kenshaw
over the past few weeks. These transactions are currently in the
due diligence phase and hence may not culminate in definitive
agreements.
As a B Corporation, the VivoPower board is
mindful of its fiduciary duties to maximise value for stakeholders,
including shareholders. It remains committed as part of this
strategic review process to delivering on the B Corp triple bottom
line of people, profit and planet.
About VivoPower
VivoPower is an award-winning global sustainable energy
solutions B Corporation company focused on electric solutions for
off-road and on-road customised and ruggedised fleet applications,
battery and microgrids, solar and critical power technology and
services. The Company’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 in Australia, Canada, the Netherlands, the United
Kingdom, the United States, the Philippines, and the United Arab
Emirates.
Forward-Looking Statements
This communication includes certain statements that may
constitute “forward-looking statements” for purposes of the U.S.
federal securities laws. Forward-looking statements include, but
are not limited to, statements that refer to projections, forecasts
or other characterisations of future events or circumstances,
including any underlying assumptions. The words “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intends,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements may include, for example, statements about the
achievement of performance hurdles, or the benefits of the events
or transactions or potential transactions described in this
communication and the expected returns therefrom. These statements
are based on VivoPower’s management’s current expectations or
beliefs and are subject to risk, uncertainty, and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties affecting the operation of
VivoPower’s business. These risks, uncertainties and contingencies
include changes in business conditions, fluctuations in customer
demand, changes in accounting interpretations, management of rapid
growth, intensity of competition from other providers of products
and services, changes in general economic conditions, geopolitical
events and regulatory changes, competitiveness of offers to acquire
businesses, and other factors set forth in VivoPower’s filings with
the United States Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
VivoPower is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements
whether as a result of new information, future events, changes in
assumptions or otherwise.
Contact
Shareholder Enquiries
shareholders@vivopower.com
VivoPower (NASDAQ:VVPR)
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