VIVOPOWER ACTIVATES AND EXTENDS STOCK BUYBACK PROGRAM OF UP TO US$5 MILLION (UPDATED)
VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of outstanding ordinary shares. The program, initially announced in April 2024, has been extended by 15 months to June 30, 2026.
The Board of Directors has authorized this capital management strategy, which 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 in the program's execution, with repurchases subject to market conditions, legal requirements, shareholder approval, and other considerations. Purchases may be made through open market or private transactions, including under Rule 10b5-1 plans.
VivoPower International (VVPR) ha annunciato l'attivazione e l'estensione del suo programma di riacquisto di azioni del valore di fino a 5 milioni di dollari USA di azioni ordinarie in circolazione. Il programma, inizialmente annunciato nell'aprile 2024, è stato esteso di 15 mesi fino al 30 giugno 2026.
Il Consiglio di Amministrazione ha autorizzato questa strategia di gestione del capitale, che sarà finanziata attraverso entrate di cassa in eccesso e proventi da dismissioni di attività e beni, comprese scissioni e cessioni. Finora non sono state riacquistate azioni nell'ambito del programma.
L'azienda mantiene flessibilità nell'esecuzione del programma, con i riacquisti soggetti a condizioni di mercato, requisiti legali, approvazione degli azionisti e altre considerazioni. Gli acquisti possono essere effettuati tramite transazioni nel mercato aperto o private, comprese quelle ai sensi dei piani Rule 10b5-1.
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 acciones ordinarias en circulación. El programa, anunciado inicialmente en abril de 2024, se ha extendido por 15 meses hasta el 30 de junio de 2026.
La Junta Directiva ha autorizado esta estrategia de gestión de capital, que se financiará a través de ingresos de efectivo excedentes y los ingresos de desinversiones de negocios y activos, incluidas escisiones y ventas parciales. Hasta la fecha, no se han recomprado acciones bajo el programa.
La empresa mantiene flexibilidad en la ejecución del programa, con recompras sujetas a condiciones del mercado, requisitos legales, aprobación de los accionistas y otras consideraciones. Las compras pueden realizarse a través de transacciones en el mercado abierto o privadas, incluidas bajo los planes de la Regla 10b5-1.
VivoPower International (VVPR)는 5백만 달러에 해당하는 보통주 자사주 매입 프로그램의 활성화 및 연장을 발표했습니다. 이 프로그램은 2024년 4월에 처음 발표되었으며, 2026년 6월 30일까지 15개월 연장되었습니다.
이사회는 잉여 현금 수입과 사업 및 자산 매각에서 발생하는 수익을 통해 자본 관리 전략을 승인했습니다. 현재까지 이 프로그램에 따라 매입된 주식은 없습니다.
회사는 프로그램 실행에 있어 유연성을 유지하며, 매입은 시장 상황, 법적 요구 사항, 주주 승인 및 기타 고려 사항에 따라 달라질 수 있습니다. 매입은 공개 시장 또는 사적 거래를 통해 이루어질 수 있으며, Rule 10b5-1 계획에 따라 진행될 수 있습니다.
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 d'actions ordinaires en circulation. Le programme, initialement annoncé en avril 2024, a été prolongé de 15 mois jusqu'au 30 juin 2026.
Le Conseil d'Administration a autorisé cette stratégie de gestion du capital, qui sera financée par des recettes de trésorerie excédentaires et des produits de cessions d'activités et d'actifs, y compris des scissions et des ventes partielles. À ce jour, aucune action n'a été rachetée dans le cadre du programme.
L'entreprise conserve une flexibilité dans l'exécution du programme, les rachats étant soumis aux conditions du marché, aux exigences légales, à l'approbation des actionnaires et à d'autres considérations. Les achats peuvent être effectués par le biais de transactions sur le marché ouvert ou privées, y compris dans le cadre des plans de la règle 10b5-1.
VivoPower International (VVPR) hat die Aktivierung und Verlängerung seines Aktienrückkaufprogramms im Wert von bis zu 5 Millionen US-Dollar ausstehenden Stammaktien bekannt gegeben. Das Programm, das ursprünglich im April 2024 angekündigt wurde, wurde um 15 Monate bis zum 30. Juni 2026 verlängert.
Der Vorstand hat diese Kapitalmanagementstrategie genehmigt, die durch Überschüsse aus Barzahlungen und Erlöse aus Geschäfts- und Vermögensverkäufen, einschließlich Abspaltungen und Teilverkäufen, finanziert wird. Bisher wurden im Rahmen des Programms keine Aktien zurückgekauft.
Das Unternehmen behält sich Flexibilität bei der Durchführung des Programms vor, wobei Rückkäufe von Marktbedingungen, gesetzlichen Anforderungen, der Genehmigung der Aktionäre und anderen Überlegungen abhängen. Käufe können über den offenen Markt oder private Transaktionen, einschließlich gemäß den Regelungen von Rule 10b5-1, erfolgen.
- Board authorization for US$5 million stock buyback program shows confidence in company value
- Extended program timeline to June 2026 provides longer-term flexibility
- Multiple funding sources identified including surplus cash and asset divestitures
- No shares repurchased since program's initial announcement in April 2024
- Buyback execution dependent on multiple conditions including market conditions and shareholder approval
- Program funding relies on future cash surplus and asset sales, indicating current cash constraints
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 15 months to June 30, 2026
LONDON, March 10, 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.
Contact
Shareholder Enquiries
shareholders@vivopower.com
FAQ
How much is VivoPower's (VVPR) stock buyback program worth?
When does VivoPower's (VVPR) stock buyback program expire?
How will VivoPower (VVPR) fund its stock buyback program?
Has VivoPower (VVPR) repurchased any shares under the current buyback program?
