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 shareho ...

Agreement with Green Watt represents Tembo's first deal in fast growing Saudi Arabian market Green Watt has signed agreement with Tembo to sell and distribute 1,600 Tembo EUV units in the Kingdom of Saudi Arabia (KSA) up to 2030 Green Watt's customer base includes Aramco, the world's largest oil company, Halliburton, Honeywell, Baker Hughes and the Saudi Electric Company LONDON, April 11, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:VVPR) ("VivoPower" or the "Company") announced today that i ...

Core Insights - VivoPower's subsidiary Tembo has signed a distribution agreement with Green Watt to sell and distribute 1,600 electric utility vehicle (EUV) units in Saudi Arabia, valued at up to US$85 million by 2030 [1][3][6] - Green Watt specializes in renewable energy and environmental sustainability, serving major clients like Aramco and Halliburton, and aims to help clients achieve financial and environmental goals through energy conservation measures [2][10][11] - The partnership reflects a commitment to advancing sustainable energy solutions in Saudi Arabia, supported by government initiatives and ambitious carbon reduction targets [3][4][6] Company Overview - VivoPower is a global sustainable energy solutions provider, listed on Nasdaq since 2016, focusing on electric solutions for ruggedized fleet applications and ancillary services [7] - Tembo offers 100% electric utility vehicles designed for various rugged and customized applications, targeting sectors such as mining, agriculture, and government [8][9] - Green Watt, established in 2016, emphasizes environmental protection and quality, providing solutions that reduce power consumption and carbon footprint [2][10][11] Market Opportunity - Saudi Arabia presents significant opportunities for corporate partnerships in sustainable energy, driven by strong government support and a large market for electrification in sectors like mining and oil [4][5] - The model of converting used Land Cruisers to electric vehicles for re-leasing is seen as a practical and cost-effective pathway to support the country's transition to a greener economy [5]

VivoPower to remain listed on Nasdaq and spin-off Tembo and Caret Digital as part of a revised US$180 million takeover proposal Energi Holdings has amended takeover proposal to be a proportional offer to acquire 80% of the unaffiliated free float shares of VivoPower, subject to completion of due diligence VivoPower free float shares would consequentially be reduced by 80% with Energi Holdings becoming the largest shareholder Energi to be supportive of two VivoPower business spin-offs: Tembo SPAC merger wi ...

VivoPower and Energi Holdings, which has made an all-cash offer at a premium to market to acquire the Company, are progressing to the next step—the exclusive due diligence period Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business LONDON, April 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) ("VivoPower" or the "Company") confirmed today with Energi Holdings Limited (“Energi”) that both part ...

Core Points - VivoPower International PLC is currently engaged in negotiations for a non-binding takeover offer from Energi Holdings Limited, with an increased enterprise valuation of US$180 million from the original US$120 million [1][2] - The company is also working on a business combination agreement with Cactus Acquisition Corporation 1 Limited, with a combined enterprise valuation of US$904 million, assuming no public trust redemptions [1] - VivoPower plans to file an F-4 registration statement with the U.S. Securities and Exchange Commission regarding the Tembo business combination agreement within April 2025 [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [4] - The company's core purpose is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE [4]

Company Overview - VivoPower International PLC is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [4] - The company was established in 2014 and has been listed on Nasdaq since 2016, with operations in multiple countries including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE [4] Acquisition Proposal - Energi Holdings Limited has made a non-binding all-cash takeover proposal to acquire the non-affiliated shareholders of VivoPower at an enterprise valuation of US$180 million, up from a previous valuation of US$120 million [1][2] - Energi is an Abu Dhabi-based energy solutions company with US$1 billion in revenues and a presence in various regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] Board Actions - The board of VivoPower has formed a subcommittee consisting of a majority of independent directors to oversee the acquisition process and will provide timely updates to the market [3]

Core Viewpoint - VivoPower International PLC is in advanced negotiations regarding an unsolicited non-binding takeover proposal from Energi Holdings Limited, with an enterprise value of US$120 million for all non-affiliated free float shares [1][2]. Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, is a global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [3]. - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the UK, and the UAE [3]. Takeover Proposal Details - The takeover proposal from Energi is an all-cash offer and is subject to due diligence, with negotiations on price, terms, and conditions expected to conclude by April 2, 2025 [2]. - VivoPower's board will provide further updates to the market following the completion of negotiations [2].

Group 1 - VivoPower International PLC has received an unsolicited non-binding takeover proposal from Energi Holdings Limited, an energy solutions company based in Abu Dhabi [1][2] - The proposal includes an all-cash offer for all non-affiliated free float shares of VivoPower, with an enterprise value of US$120 million, and is subject to due diligence [2] - VivoPower is a global sustainable energy solutions company focused on electric solutions for customized fleet applications, with operations in multiple countries including Australia, Canada, the UK, and the UAE [3] Group 2 - Energi Holdings Limited was established in 2014 and has generated US$1 billion in revenues, with a presence in regions such as the Middle East, Africa, South Asia, Europe, and Southeast Asia [1] - VivoPower aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status [3]

Group 1 - Tembo E-LV B.V. is working with Cactus Acquisition Corp. 1 Limited (CCTS) to close a Business Combination by Q2 2025, with a combined pro forma enterprise value of US$904 million, assuming no public trust redemptions for CCTS [1] - The Business Combination Agreement (BCA) was initially announced in August 2024, with a target closing date by the end of 2024, but was delayed due to new rules regarding special purpose acquisition company transactions [2][3] - The parties are finalizing the registration statement on Form F-4 to be filed with the U.S. Securities and Exchange Commission (SEC) and expect to close the transaction subject to closing conditions, including SEC review and CCTS shareholder approval [3][4] Group 2 - VivoPower International PLC, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications, and aims to provide turnkey decarbonization solutions [5] - Tembo, a subsidiary of VivoPower, specializes in 100% electric utility vehicles for ruggedized applications across various industries, including mining, agriculture, and defense, promoting safe and reliable electrification solutions [6]