VivoPower Receives Non-Binding All Cash Takeover Offer at Enterprise Value of US$120 Million

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]