CEO INCREASE IN INDIVIDUAL SHAREHOLDING TO 11.2%
December 18 2023 - 9:25AM
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.
The issuance of the ordinary shares to the CEO
will be conditional upon the directors of VivoPower having first
been granted sufficient authority to allot such number of shares
pursuant to section 551 of the Companies Act 2006 by the
shareholders of VivoPower at the 2023 Annual General Meeting of
shareholders.
About VivoPower
VivoPower is an award-winning global sustainable energy
solutions B Corporation company focused on electric solutions for
customised and ruggedised fleet applications, battery and
microgrids, solar and critical power technology and services. The
Company’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 in 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, the anticipated impact that
the events or transactions described in this communication may have
on the Company 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, approval of resolutions at upcoming
general meetings of shareholders 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.
Shareholder Enquiries
shareholders@vivopower.com
VivoPower (NASDAQ:VVPR)
Historical Stock Chart
From Apr 2024 to May 2024
VivoPower (NASDAQ:VVPR)
Historical Stock Chart
From May 2023 to May 2024