Full Press Release Details
Receives Non-Binding All Cash Takeover Offer at Enterprise Value of US$120 Million
takeover proposal is not hostile and from an Emirates headquartered energy solutions group
encompasses the buyout of all non-affiliated free float shares and the privatization of VivoPower
March 24, 2025 (GLOBE NEWSWIRE) - VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company")
confirmed today that it has received an unsolicited non-binding takeover proposal from Energi Holdings Limited ("Energi"),
an Abu Dhabi headquartered energy solutions company established in 2014 with US$1 Billion of revenues and offices in the Middle
East, Africa, South Asia, Europe and Southeast Asia (www.energi.ae).
unsolicited takeover proposal is an all-cash offer for all non affiliated free float shares of VivoPower at an enterprise value
of US$120 million and is subject to due diligence
board members of VivoPower have acknowledged the receipt of the proposal from Energi and are in the process of reviewing with
its advisors and will provide an update to the market as soon as possible.
in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused
on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging,
battery and microgrids solutions. VivoPower's core purpose is to provide its customers with turnkey decarbonization 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.
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
characterizations 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 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, 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.