Articles from VivoPower International PLC

Investment commitment secured from private investment office backed by member of ruling Al Maktoum family of Dubai

LONDON, April 03, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”, "VivoPower") today announced that its Board of Directors (the "Board") has authorized a capital management strategy including a stock buyback program (the "Stock Buyback Program") pursuant to which the Company is authorized to purchase up to US$5 million of the Company’s outstanding common stock. The Stock Buyback Program has an expiration date of April 3, 2025 and may be suspended, terminated, amended or modified by the Board at any time without prior notice at the Board’s discretion.

Access Industrial Mining Inc (“Access”) in Canada is the inaugural partner to receive shipment

LONDON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the “Company” or “VivoPower”) today announced its half year unaudited preliminary results for the six months ended December 31, 2023.

Orders pursuant to Tembo’s previously announced joint venture with Francisco Motors

Investment secured from private investment office backed by member of ruling Al Maktoum family of Dubai

LONDON, Dec. 18, 2023 (GLOBE NEWSWIRE) --  VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has announced that Executive Chairman and CEO, Kevin Chin, is increasing his individual shareholding in the Company by 125,000 shares, representing approximately 4% of the undiluted number of issued and outstanding shares of the Company. This is through a voluntary election to receive his CEO salary since 1 July 2023 in the form of ordinary shares in VivoPower and was approved by the Remuneration Committee.

Board initiated review following inbound M&A expressions of interest

LONDON, Oct. 31, 2023 (GLOBE NEWSWIRE) --  VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has approved an action plan to address alleged illegal market manipulation including dissemination of false information and/or naked short selling of its stock.

LONDON, Oct. 27, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) announced today that its board of directors has approved an execution plan to spin off the majority of its Caret business unit’s portfolio, representing up to ten solar projects totalling 586MW-DC at varying stages of development.

VivoPower and Geminum team up to offer holistic end-to-end fleet electrification and decarbonisation solutions

LONDON, Oct. 16, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, the “Company”) announced today that its Board of Directors has resolved not to provide further notices for the Company to sell ordinary shares to White Lion Capital LLC (“White Lion”) pursuant to the Ordinary Share Purchase Agreement signed on October 6, 2023 (the “Purchase Agreement”). Under the terms of the Purchase Agreement, upon receipt of purchase notices from the Company, White Lion is obligated to purchase up to $2,300,000 in ordinary shares (the “Commitment Amount”) from time to time until the earlier of (i) December 23, 2023 or (ii) the date on which White Lion has purchased ordinary shares in an amount equal to the Commitment Amount. As of October 16, 2023, White Lion had purchased an aggregate of 50,000 ordinary shares pursuant to the Purchase Agreement.

Tech Innovation Awards 2023 was hosted in Dubai, ahead of COP28 later this year

LONDON, Oct. 04, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”), today announced that it will proceed with a 1-for-10 reverse stock split of its outstanding ordinary shares (the “Reverse Split”) following approval by its board of directors and as authorized by the Company’s shareholders at the Extraordinary Meeting of the Shareholders held on July 6, 2023.

LONDON, Sept. 26, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce the appointment of Philip Wray as Group Finance Director for VivoPower. Philip brings a wealth of financial and leadership expertise to VivoPower, having worked in large multinational corporations for the past 18 years.

Jeepneys are iconic public utility vehicles in the Philippines, representing 40% of public transport

Investment secured from private investment office backed by member of ruling Al Maktoum family of Dubai

LONDON, June 13, 2023 (GLOBE NEWSWIRE) -- Tembo E-LV BV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), is pleased to announce that it has signed a memorandum of understanding (“MOU”, the “Agreement”) with AL TAIF Technical Services, LLC (“AL TAIF”), the UAE’s leading provider of maintenance, repair, and overhaul (MRO) services for military equipment. Pursuant to the Agreement, the collaboration will undertake feasibility studies with a goal of formalising a partnership spanning distribution of Tembo EV conversion kits, research & development, training in electric mobility and high voltage, as well as local assembly operations in the UAE.

LONDON, May 15, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive partnership agreement (“Agreement”) for VivoPower to market and distribute Vital EV Solutions (“Vital EV”) fleet charging solutions globally.

LONDON, April 27, 2023 (GLOBE NEWSWIRE) -- On April 27, 2023, VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") received written notification from The Nasdaq Stock Market LLC ("Nasdaq") granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company now has until October 23, 2023, to meet the requirement.

LONDON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that it has signed a definitive agreement (“Agreement”) with Ulti-Mech Pty Ltd (“Ulti-Mech”) for Ulti-Mech to market, distribute and service Tembo-powered electric utility vehicles across Western Australia, home to half of Australia’s mines and the leading destination in the world for mining investment.

LONDON, Feb. 13, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (“VivoPower,” the “Company”) is pleased to confirm that it will announce results for the half year ended 31 December 2022, on Friday, 24 February 2023, at 08:00 EST / 13:00 GMT.

LONDON, Jan. 13, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce the appointment of Eduardo Nebot as a new member of the VivoPower Advisory Council.

LONDON, Jan. 13, 2023 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to provide a strategic investment, financing and development update for its wholly owned subsidiary, Tembo e-LV B.V. (“Tembo”).

BRISBANE, Nov. 14, 2022 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that the Company and its wholly-owned subsidiary, Tembo EV Australia Pty Ltd (“Tembo Australia”), has entered into a Supply Agreement with the Evolution Group Holdings Limited (“EGH”, “Evolution”) for the full electrification of its fleet of light utility vehicles for traffic management and fleet management. Under the definitive agreement, Tembo Australia will convert existing and new vehicles to full electric over the next 5 years, subject to the successful completion of commercial and technical on-road trials, with a target to have the first fully electrified utility vehicle certified and roadworthy in 2023.

Definitive distribution agreement for a minimum of 4,000 kits until December 2027

LONDON, Nov. 03, 2022 (GLOBE NEWSWIRE) -- On October 28, 2022, VivoPower International PLC (the “Company” or “VivoPower”) received a letter (the “Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based on the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company no longer meets the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). Nasdaq’s notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market.

LONDON, Oct. 27, 2022 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”) is pleased to announce that the Company has published its quarterly newsletter, detailing key financial and operational developments for the quarter ended September 30, 2022.