VivoPower in Advanced Bilateral Negotiations on All-Cash Takeover Offer at Enterprise Value of US$120 Million

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].