VIVOPOWER ANNOUNCES COMPLETION OF KENSHAW SALE

Core Viewpoint - VivoPower International PLC has successfully completed the sale of its non-core business unit, Kenshaw Electrical, to ARA Group Limited, aligning with its strategy to focus on core growth businesses like Tembo [1] Company Overview - VivoPower is a global sustainable energy solutions B Corporation that specializes in electric solutions for customized fleet applications, along with ancillary services such as financing, charging, battery, and microgrids [3] - The company's mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status [3] - VivoPower operates in multiple countries, including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [3] Transaction Details - The sale of Kenshaw Electrical was finalized on July 1, 2024, following a definitive asset sale agreement announced on April 29, 2024 [1][2] - STS Capital Partners in Singapore provided advisory services for this transaction [2]