VivoPower Sets Record Date for Special Dividend Distributions Relating to Tembo Transactions

Rhea-AI Summary

VivoPower International (NASDAQ: VVPR) has announced key dates for potential special dividend distributions related to Tembo transactions. Shareholders who own VVPR shares by the ex-dividend date of June 12, 2025, will be eligible for these potential distributions, with a corresponding record date of June 13, 2025. The company has not yet specified the amount or ratio of the potential special dividends, and there is no guarantee that distributions will be made. Separate announcements will be made regarding potential special dividend distributions for the Caret business unit. The announcement provides clarity on eligibility requirements while maintaining flexibility on the final distribution details.

Positive

• Clear establishment of record and ex-dividend dates provides transparency for shareholders
• Company is considering special dividend distributions, indicating potential value return to shareholders

Negative

• No guarantee that special dividend distributions will actually be made
• Lack of specific information about dividend amount and ratio creates uncertainty

Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions 

Corresponding record date will be 13 June 2025

LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. (“Tembo”).

Shareholders who hold VivoPower shares as of the close of business on 12 June 2025 will be entitled to receive any potential future special dividend distributions relating to Tembo. Shareholders purchasing VivoPower shares on or after the ex-dividend date will not be eligible for the distribution.

Any potential future special dividend distributions relating to the Caret business unit will be advised separately.

Further details regarding potential special dividend distributions, including the amount and ratio will be provided when appropriate. There is no guarantee that any special dividend distributions will be made.

About Tembo

Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedized and/or customized applications for fleet owners in the mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximize return on assets, and meet ESG goals, and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation.

About VivoPower

VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

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

When is the ex-dividend date for VivoPower's (VVPR) special dividend related to Tembo transactions?

The ex-dividend date for VivoPower's special dividend related to Tembo transactions is June 12, 2025.

What is the record date for VivoPower's (VVPR) potential special dividend?

The record date for VivoPower's potential special dividend is June 13, 2025.

Who is eligible for VivoPower's (VVPR) potential special dividend distribution?

Shareholders who hold VivoPower shares as of the close of business on June 12, 2025 (ex-dividend date) will be eligible for the potential special dividend distribution.

Has VivoPower (VVPR) announced the amount of the special dividend?

No, VivoPower has not yet announced the amount or ratio of the special dividend. These details will be provided at a later date.

Is VivoPower's (VVPR) special dividend distribution guaranteed?

No, the company explicitly stated there is no guarantee that any special dividend distributions will be made.