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"). Shar ...

Group 1 - Energi Holdings Limited proposes to acquire 51% of Tembo at a total enterprise value of US$200 million, with both parties agreeing to negotiate binding transaction documents for an early closing [1][3] - Energi, headquartered in Abu Dhabi, has annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - VivoPower's board is evaluating the optimal use of investment proceeds, which may include special dividends or capital returns to shareholders [4] Group 2 - VivoPower is undergoing a strategic transformation to focus on XRP digital assets, aiming to support decentralized finance infrastructure and real-world blockchain applications [5] - VivoPower operates globally with a presence in the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and has two business units: Tembo and Caret Digital [6]

Core Insights - VivoPower has announced a strategic partnership with BitGo to develop a digital asset treasury strategy focused on XRP [1][3] - VivoPower has successfully raised US$121 million, with plans to use US$100 million for the acquisition of XRP tokens [1][2] - The partnership will allow VivoPower to utilize BitGo's OTC trading desk and custody platform for trading and holding its digital assets [2][3] Company Overview - VivoPower International PLC is transitioning into an XRP-focused digital asset enterprise, aiming to manage and hold XRP as part of a diversified digital treasury strategy [6] - The company operates globally, with a presence in regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [7] - VivoPower has two business units: Tembo, which focuses on electric solutions, and Caret Digital, which is centered on renewable power applications including digital asset mining [7] BitGo Overview - BitGo is a leading provider of digital asset solutions, offering services such as custody, wallets, trading, and settlement from regulated cold storage [5] - The company serves thousands of institutions and is recognized as the largest independent digital asset custodian and staking provider globally [5] - BitGo's OTC trading desk provides access to deep liquidity pools and facilitates discreet execution of high-volume trades in a secure environment [3][5]

Company Overview - VivoPower International PLC is transforming into the world's first XRP-focused digital asset enterprise, focusing on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2] - The company operates globally, with a presence in the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as an award-winning global sustainable energy solutions B Corporation [3] Business Units - VivoPower has two main business units: Tembo and Caret Digital. Tembo focuses on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [3] - Caret Digital is dedicated to maximizing the use cases for renewable power, including digital asset mining [3] Recent Developments - VivoPower announced a US$121 million private placement priced at US$6.05 per share, which is above the last market closing price, as part of its new strategic direction [1]

Core Points - VivoPower International PLC has received a revised non-binding proposal from Energi Holdings Limited for a strategic acquisition of a 51% controlling stake in its subsidiary, Tembo e-LV B.V., with an enterprise valuation of US$200 million for 100% of Tembo [1][2] - Energi's proposal supports Tembo's planned business combination with Cactus Acquisition Corp. 1 Limited, with an equity valuation of US$838 million [1][3] - VivoPower is committed to optimizing its capital structure, with proceeds from strategic transactions prioritized for debt retirement and potential returns to shareholders [4] Company Overview - VivoPower is undergoing a strategic transformation into an XRP-focused digital asset enterprise, aiming to manage and hold XRP digital assets as part of a diversified digital treasury strategy [7] - The company operates globally, with a focus on sustainable energy solutions and has two business units: Tembo and Caret Digital [8] - Tembo specializes in battery-electric and off-road vehicle solutions for various industrial sectors, including mining, agriculture, and defense [9][10]

Core Viewpoint - VivoPower International PLC is executing a capital raise to establish itself as the first publicly listed company with an XRP-focused digital asset treasury strategy, aiming to accumulate XRP and contribute to the XRPL ecosystem [1][4][11] Group 1: Capital Raise Details - VivoPower has agreed to a private capital raise priced at US$6.05 per share, totaling approximately US$121 million from the sale of 20,000,000 ordinary shares [2][3] - The capital raise is led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, with participation from other prominent investors in the digital asset industry [3][5] - Funds raised will primarily be used for accumulating XRP, establishing treasury operations, debt reduction, and general corporate purposes [7][11] Group 2: Strategic Objectives - The company aims to build out its XRP-focused treasury operations and contribute to the XRPL decentralized finance ecosystem [4][11] - VivoPower is also focused on spinning out its current operating subsidiaries, Tembo and Caret Digital, with expected closures before the end of Q3 2025 [7][12] - The company is engaging with Energi Holdings Limited regarding a takeover proposal, with a focus on redirecting towards Tembo [7] Group 3: Leadership and Advisory - Adam Traidman, former Ripple board member, has joined VivoPower's Board of Advisors as Chairman, reflecting institutional confidence in the XRPL ecosystem [5][6] - Kevin Chin, Executive Chairman of VivoPower, emphasizes the shared vision among stakeholders for scaling the XRP-focused treasury model [5][6]

Group 1 - The first phase of due diligence for the non-binding proportional takeover of VivoPower by Energi has been successfully completed, with an enterprise value of US$180 million [1][2] - Energi, a global energy solutions company based in Abu Dhabi, reported annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - The second phase of due diligence will involve a more detailed review of regulatory, legal, and technical matters, expected to conclude by June 2, 2025 [3] Group 2 - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications and ancillary services [4] - The company's core mission is to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in various countries including Australia, Canada, the UK, the US, and the UAE [4]

Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, has secured an inaugural order for EV conversion kits from The Safari Collection, a luxury safari company in Kenya [1][3] - The Safari Collection emphasizes sustainability and innovation in its operations, aiming to electrify its vehicle fleet to enhance eco-tourism while preserving Kenya's natural beauty [3][4] - Tembo's electric utility vehicles are designed for rugged applications, providing a safe and reliable electrification solution for various industries, including safari operations [5] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, including electric solutions for customized fleet applications [4] - The Safari Collection, founded in 2009 by conservationists Tanya and Mikey Carr-Hartley, operates a portfolio of luxury camps and lodges in Kenya, prioritizing sustainable practices and community empowerment [2][7] - Tembo specializes in electric utility vehicles for ruggedized applications, aiming to support fleet owners in achieving ESG goals and enhancing operational efficiency [5]

Group 1 - The proportional takeover offer from Energi Holdings Limited involves a buyout for 8 out of every 10 shares held by shareholders at a future record date [1][2] - The amount offered per share will be calculated as US$180 million less net debt divided by the number of eligible ordinary shares at that time [2] - The offer is conditional upon the satisfactory completion of due diligence, which is currently in progress [2] Group 2 - VivoPower International PLC is a global sustainable energy solutions company established in 2014 and listed on Nasdaq since 2016 [3] - The company focuses on electric solutions for customized and ruggedized fleet applications, as well as ancillary financing, charging, battery, and microgrid solutions [3] - VivoPower aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE [3]

Core Insights - VivoPower's subsidiary Tembo has signed a distribution agreement with Green Watt to sell and distribute 1,600 electric utility vehicle (EUV) units in Saudi Arabia, valued at up to US$85 million by 2030 [1][3][6] - Green Watt, established in 2016, focuses on renewable energy and environmental sustainability, serving major clients like Aramco and Halliburton [2][10] - The partnership aims to advance sustainable energy solutions in Saudi Arabia, aligning with the country's ambitious carbon reduction targets [4][6] Company Overview - VivoPower is a global sustainable energy solutions provider, listed on Nasdaq since 2016, focusing on electric solutions for ruggedized fleet applications [7] - Tembo specializes in 100% electric utility vehicles for various sectors, including mining and agriculture, aiming to provide safe and reliable electrification solutions [8][9] - Green Watt emphasizes environmental protection and energy conservation, offering solutions that reduce power consumption and carbon footprint [11]