VivoPower provides clarification re US$180 million enterprise value takeover proposal

Rhea-AI Summary

VivoPower International PLC (Nasdaq: VVPR) has provided clarification regarding a proportional takeover offer from Energi Holdings . The proposal involves a partial buyout where shareholders would sell 8 out of every 10 shares they own at a future record date.

The offer price per share will be calculated by subtracting net debt from US$180 million (enterprise value), divided by the number of eligible ordinary shares at the time. The takeover offer remains subject to satisfactory completion of ongoing due diligence.

Positive

• Enterprise value of US$180 million represents a clear valuation benchmark
• Shareholders retain 20% ownership stake post-transaction
• Due diligence process actively progressing

Negative

• Mandatory sale of 80% of shareholding may limit upside potential
• Final share price uncertain due to net debt deduction
• Deal completion subject to due diligence conditions

News Market Reaction

-6.60%

1 alert

-6.60% News Effect

On the day this news was published, VVPR declined 6.60%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 shareholders.

The proportional takeover offer is a partial buyout that would result in each shareholder at a record date to be set in the future, being offered an amount to acquire 8 out of every 10 shares that they hold. The current proposal is for this amount to be computed as US$180m less net debt divided by the number of eligible ordinary shares at the time.

The proportional takeover offer is subject to and conditional upon the satisfactory completion of due diligence, which is progressing at the date of this update.

About VivoPower 

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation 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.

Forward-Looking Statements

This 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 characterisations 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.

Contact 

Shareholder Enquiries 

shareholders@vivopower.com

FAQ

What is the structure of Energi Holdings' takeover offer for VVPR stock?

Energi Holdings proposed a proportional takeover where shareholders would sell 8 out of 10 shares they own, with an enterprise value of US$180 million less net debt.

How will the share price be calculated in VivoPower's (VVPR) takeover deal?

The price per share will be calculated by subtracting net debt from US$180 million, divided by the number of eligible ordinary shares at the record date.

What conditions need to be met for the VVPR takeover to proceed?

The takeover offer is conditional upon satisfactory completion of due diligence, which is currently in progress.

What percentage of VVPR shares will shareholders retain after the takeover?

Shareholders will retain 20% of their shares (2 out of 10 shares) after the proportional takeover.