VivoPower (VVPR) 6.2% Stake Reported by AMC Fund and KCM

Rhea-AI Filing Summary

VivoPower International PLC has a disclosed 6.2% beneficial stake represented by 625,000 Ordinary Shares held by AMC Fund, L.P. The filing states AMC is controlled by KCM Capital, Inc., which in turn is controlled by Kent C. McCarthy, and the three parties have jointly filed under the Schedule 13G procedures. The ownership figures are calculated using 10,112,212 Ordinary Shares outstanding as reported in the issuer's Form F-1. The reporting parties indicate shared voting and dispositive power over the 625,000 shares and certify the holdings are not intended to influence control of the issuer. A Joint Filing Agreement is attached as an exhibit.

Positive

• Material disclosure of a 6.2% stake providing transparency on a significant minority holding
• Clear ownership chain showing AMC Fund holds the shares and is controlled by KCM Capital and Kent C. McCarthy
• Certification of passive intent indicating the position is not held to influence control, consistent with Schedule 13G treatment
• Joint Filing Agreement attached which clarifies coordination among reporting persons

Negative

• None.

Insights

Financial Analyst

TL;DR: A 6.2% passive stake is disclosed, signalling a notable minority holding but with no stated intent to seek control.

The filing documents 625,000 Ordinary Shares representing 6.2% of VivoPower's outstanding shares, held by AMC Fund, L.P. and reported jointly with KCM Capital, Inc. and Kent C. McCarthy. The parties report shared voting and dispositive power and certify the position is not held to influence control, consistent with a Schedule 13G passive investor disclosure. For investors, this confirms a concentrated minority position that could matter for shareholder votes or potential block trades, but the filing does not indicate any activist intent, transactions, or plans to increase the position.

Corporate Governance Expert

TL;DR: Joint filing clarifies control chain and voting power; disclosure supports transparency but shows no governance change is sought.

The report clarifies the ownership chain: AMC Fund, L.P. holds the shares, KCM Capital, Inc. controls AMC, and Kent C. McCarthy controls KCM. The parties jointly filed a Schedule 13G and attached a Joint Filing Agreement. The certification that the stake is not intended to influence control is material for governance analysis because it differentiates this as a passive stake rather than an active Section 13(d) disclosure. This reduces immediate governance risk but does leave a sizeable minority holder whose future actions would merit monitoring.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

VivoPower International PLC

(Name of Issuer)

Ordinary Shares, nominal value $0.012 per share

(Title of Class of Securities)

G9376R100

(CUSIP Number)

08/12/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

KCM Capital Inc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 625,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 625,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

625,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: All 625,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

MCCARTHY KENT C

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 625,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 625,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

625,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.2 %

12

Type of Reporting Person (See Instructions)

IN, HC

Comment for Type of Reporting Person: All 625,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

CUSIP No. G9376R100

1

Names of Reporting Persons

AMC Fund, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 625,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 625,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

625,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.2 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: All 625,000 Ordinary Shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy. Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: VivoPower International PLC
(b)	Address of issuer's principal executive offices: BLACKWELL HOUSE, GUILDHALL YARD, LONDON, UNITED KINGDOM, EC2V 5AE.
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Kent C. McCarthy ("Mr. McCarthy"), KCM Capital, Inc., a Missouri corporation ("KCM"), and AMC Fund, L.P. ("AMC"), a Delaware limited partnership. Mr. McCarthy, KCM, and AMC have entered into an Agreement Regarding Joint Filing of 13G (the "Agreement") pursuant to which Mr. McCarthy, KCM, and AMC have agreed to file this 13G jointly and in accordance with the provisions of Rule 13d-1(k)(1) of the Securities Exchange Act of 1934 as amended (the ?Act?). A copy of the Agreement is attached hereto as Exhibit 1.
(b)	Address or principal business office or, if none, residence: The address of each of Mr. McCarthy, KCM and AMC is 13021 W 74th St, Shawnee, KS 66216.
(c)	Citizenship: Mr. McCarthy is a citizen of the United States of America, KCM is a Missouri corporation and AMC is a Delaware limited partnership.
(d)	Title of class of securities: Ordinary Shares, nominal value $0.012 per share
(e)	CUSIP No.: G9376R100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1. 625,000 - KCM Capital, Inc.* 2. 625,000 - AMC Fund, L.P. 3. 625,000 - Kent C. McCarthy* * All 625,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
(b)	Percent of class: 1. 6.2% - KCM Capital, Inc. 2. 6.2% - AMC Fund, L.P. 3. 6.2% - Kent C. McCarthy Percent of class is based on 10,112,212 Ordinary Shares outstanding as of May 1, 2025 as reported on the Form F-1 filed by the Issuer with the SEC on May 7, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1. 0 - KCM Capital, Inc. 2. 0 - AMC Fund, L.P. 3. 0 - Kent C. McCarthy
	(ii) Shared power to vote or to direct the vote: 1. 625,000 - KCM Capital, Inc.* 2. 625,000 - AMC Fund, L.P. 3. 625,000 - Kent C. McCarthy* * All 625,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
	(iii) Sole power to dispose or to direct the disposition of: 1. 0 - KCM Capital, Inc. 2. 0 - AMC Fund, L.P. 3. 0 - Kent C. McCarthy
	(iv) Shared power to dispose or to direct the disposition of: 1. 625,000 - KCM Capital, Inc.* 2. 625,000 - AMC Fund, L.P. 3. 625,000 - Kent C. McCarthy* * All 625,000 Ordinary shares, nominal value $0.012 per share, are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. This Schedule 13G is being jointly filed by Mr. McCarthy, KCM and AMC.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KCM Capital Inc

Signature:	Kent C. McCarthy
Name/Title:	President
Date:	08/15/2025

MCCARTHY KENT C

Signature:	Kent C. McCarthy
Name/Title:	Self
Date:	08/15/2025

AMC Fund, L.P.

Signature:	Kent C. McCarthy
Name/Title:	President of General Partner
Date:	08/15/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement

FAQ

What stake in VivoPower (VVPR) is disclosed in this Schedule 13G?

The filing discloses ownership of 625,000 Ordinary Shares, representing 6.2% of the outstanding class based on 10,112,212 shares outstanding as reported in the issuer's Form F-1.

Who holds the shares reported in the VVPR Schedule 13G?

The shares are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which is in turn controlled by Kent C. McCarthy.

Do the reporting persons claim intent to influence control of VivoPower (VVPR)?

No. The filing includes a certification stating the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.

What voting and dispositive powers are reported over the VVPR shares?

The reporting persons state 0 sole voting or dispositive power and 625,000 shared voting and shared dispositive power over the reported shares.

Did the filing include any agreement among the reporting persons?

Yes. The filing references and attaches a Joint Filing Agreement as Exhibit 1 to document the coordinated filing by the reporting persons.