VivoPower Grants Energi 8-Week Exclusivity for Takeover Due Diligence
VivoPower International PLC (VVPR) ("VivoPower" or the "Company") has agreed to grant
Energi Holdings Limited (“Energi”) an 8-week exclusivity period to conduct due diligence,
subject to Energi increasing its non-binding all-cash takeover proposal to acquire the non-affiliated shareholders of
VivoPower (VVPR) at an enterprise valuation of US$180 million, up from its previous offer of US$120 million.
Energi is an Abu Dhabi-headquartered energy solutions company established in 2014, with
US$1 billion in revenues and operations across the Middle East, Africa, South Asia, Europe, and Southeast Asia.
For more information, visit www.energi.ae.
The unsolicited all-cash offer targets all non-affiliated free float shares of VivoPower (VVPR) and is
contingent upon the completion of due diligence.
VivoPower's board has formed a subcommittee composed primarily of independent directors to evaluate the proposal
and has committed to providing timely market updates as developments arise.
About VivoPower
Founded in 2014 and listed on Nasdaq since 2016, VivoPower (VVPR) is a global, award-winning
sustainable energy solutions B Corporation. The company focuses on electric solutions for both
off-road and on-road fleet applications, including ancillary services such as financing, charging, batteries, and microgrids.
VivoPower’s mission is to deliver turnkey decarbonization solutions that support customers in their journey to
achieve net-zero carbon status. The company operates in Australia, Canada, the Netherlands, the United Kingdom,
the United States, the Philippines, and the United Arab Emirates.