VivoPower provides clarification re US$180 million enterprise value takeover proposal

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]