VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION
VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of the company's outstanding ordinary shares. The program, initially announced in April 2024, has been extended by the Board of Directors for an additional 12 months until April 3, 2026.
The buyback will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs. No shares have been repurchased under the program to date. The company maintains flexibility to suspend, terminate, amend, or modify the program without prior notice.
Repurchases will be executed through open market or private transactions, including under Rule 10b5-1 plans, subject to market conditions, legal requirements, shareholder approval, distributable profits availability, and other financial considerations.
VivoPower International (VVPR) ha annunciato l'attivazione e l'estensione del suo programma di riacquisto di azioni del valore massimo di 5 milioni di dollari USA delle azioni ordinarie in circolazione della società. Il programma, inizialmente annunciato ad aprile 2024, è stato esteso dal Consiglio di Amministrazione per ulteriori 12 mesi fino al 3 aprile 2026.
Il riacquisto sarà finanziato tramite incassi di cassa in eccesso e proventi da dismissioni aziendali e di asset, comprese le scissioni e i carve-out. Finora non sono state riacquistate azioni nell'ambito del programma. L'azienda mantiene la flessibilità di sospendere, terminare, modificare o modificare il programma senza preavviso.
I riacquisti saranno eseguiti tramite transazioni sul mercato aperto o private, comprese quelle ai sensi dei piani Rule 10b5-1, soggetti a condizioni di mercato, requisiti legali, approvazione degli azionisti, disponibilità di profitti distribuibili e altre considerazioni finanziarie.
VivoPower International (VVPR) ha anunciado la activación y extensión de su programa de recompra de acciones por un valor de hasta 5 millones de dólares estadounidenses de las acciones ordinarias en circulación de la compañía. El programa, anunciado inicialmente en abril de 2024, ha sido extendido por la Junta Directiva por 12 meses adicionales hasta el 3 de abril de 2026.
La recompra se financiará a través de ingresos en efectivo excedentes y los ingresos de desinversiones de negocios y activos, incluidas escisiones y carve-outs. Hasta la fecha, no se han recomprado acciones bajo el programa. La empresa mantiene la flexibilidad para suspender, terminar, modificar o alterar el programa sin previo aviso.
Las recompras se llevarán a cabo a través de transacciones en el mercado abierto o privadas, incluidas bajo los planes de la Regla 10b5-1, sujetas a condiciones de mercado, requisitos legales, aprobación de los accionistas, disponibilidad de beneficios distribuibles y otras consideraciones financieras.
VivoPower International (VVPR)는 주식 매입 프로그램의 활성화 및 연장을 발표했습니다. 이 프로그램은 회사의 유통 보통주에 대해 최대 500만 달러의 가치를 가지고 있습니다. 이 프로그램은 2024년 4월에 처음 발표되었으며, 이사회에 의해 2026년 4월 3일까지 추가 12개월 연장되었습니다.
매입은 잉여 현금 수입 및 사업 및 자산 매각으로부터의 수익을 통해 자금이 조달될 것입니다. 현재까지 이 프로그램에 따라 매입된 주식은 없습니다. 회사는 사전 통지 없이 프로그램을 중단, 종료, 수정 또는 변경할 수 있는 유연성을 유지합니다.
매입은 시장 조건, 법적 요건, 주주 승인, 배당 가능한 이익의 가용성 및 기타 재무 고려 사항에 따라, 공개 시장 또는 개인 거래를 통해 수행됩니다.
VivoPower International (VVPR) a annoncé l'activation et l'extension de son programme de rachat d'actions d'une valeur allant jusqu'à 5 millions de dollars américains des actions ordinaires en circulation de la société. Le programme, initialement annoncé en avril 2024, a été prolongé par le Conseil d'administration pour une durée supplémentaire de 12 mois jusqu'au 3 avril 2026.
Le rachat sera financé par des recettes de trésorerie excédentaires et des produits de cessions d'activités et d'actifs, y compris des scissions et des carve-outs. À ce jour, aucune action n'a été rachetée dans le cadre du programme. L'entreprise conserve la flexibilité de suspendre, de mettre fin, de modifier ou de modifier le programme sans préavis.
Les rachats seront effectués par le biais de transactions sur le marché ouvert ou privées, y compris dans le cadre des plans de la règle 10b5-1, sous réserve des conditions du marché, des exigences légales, de l'approbation des actionnaires, de la disponibilité des bénéfices distribuables et d'autres considérations financières.
VivoPower International (VVPR) hat die Aktivierung und Verlängerung seines Aktienrückkaufprogramms im Wert von bis zu 5 Millionen US-Dollar für die ausstehenden Stammaktien des Unternehmens bekannt gegeben. Das Programm, das ursprünglich im April 2024 angekündigt wurde, wurde vom Vorstand um weitere 12 Monate bis zum 3. April 2026 verlängert.
Der Rückkauf wird durch überschüssige Bareinnahmen und Erlöse aus Unternehmens- und Vermögensverkäufen, einschließlich Spin-offs und Carve-outs, finanziert. Bisher wurden im Rahmen des Programms keine Aktien zurückgekauft. Das Unternehmen behält sich die Flexibilität vor, das Programm ohne vorherige Ankündigung auszusetzen, zu beenden, zu ändern oder zu modifizieren.
Rückkäufe werden durch Transaktionen auf dem offenen Markt oder private Transaktionen, einschließlich nach den Regelungen des 10b5-1 Plans, ausgeführt, vorbehaltlich der Marktbedingungen, rechtlichen Anforderungen, der Zustimmung der Aktionäre, der Verfügbarkeit von ausschüttungsfähigen Gewinnen und anderen finanziellen Überlegungen.
- Board authorized US$5M stock buyback program
- Extended program timeline provides flexibility until April 2026
- Multiple funding sources identified including asset divestitures
- No shares repurchased since program announcement in April 2024
- Buyback execution dependent on surplus cash and asset sales
- Program subject to various conditions and can be terminated without notice
Stock Buyback Program commencing from today, with broker engaged to execute any open market purchases
Stock Buyback Program previously announced in April 2024 to be extended for an additional 12 months to April 2026
LONDON, March 07, 2025 (GLOBE NEWSWIRE) -- VivoPower International (Nasdaq: VVPR) ("VivoPower" or the "Company") today announced that its Board of Directors (the "Board") has authorized the extension of 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
The Stock Buyback Program is expected to be funded using the Company’s proceeds from any surplus cash receipts, realisation of business and asset divestitures including spin-offs and carve-outs. Repurchases under the Stock Buyback Program may be made, from time to time, in amounts and at prices the Company deems appropriate. The Stock Buyback Program does not obligate the Company to purchase any of its ordinary shares. Repurchases by the Company under the Stock Buyback Program will be subject to general market and economic conditions, applicable legal and regulatory requirements, shareholder approval, availability of distributable profits, and other considerations, including alternate uses of capital and the Company’s financial performance. Repurchases may be executed through the open market or in privately negotiated transactions, including under Rule 10b5-1 plans.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
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shareholders@vivopower.com
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