GB00BD3VDH82 - Common Stock
As the world’s shift to EVs gathers more pace and the market rebounds from short term demand weakness, one company that has attracted significant investor interest is VivoPower International PLC (NASDAQ:VVPR). The sustainable energy solutions company, which provides conversion kits containing all the parts needed to convert a vehicle from an internal combustion engine to electric, has seen its share price rise based on a number of tailwinds.
LONDON, May 06, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has announced that Executive Chairman...
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VivoPower International PLC (Nasdaq: VVPR, "VivoPower” or the "Company”) is pleased to announce that it has entered into a definitive asset sale agreement for the sale of one of its non-core business units, Kenshaw Electrical (“Kenshaw”), to ARA Group Limited (“ARA”), a leading diversified industrial services group based in Australia. This is in line with VivoPower’s previously announced strategy to focus on reinvesting in its strong growth businesses including Tembo.
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 146,084 shares, representing approximately 4.4% of the undiluted number of issued and outstanding shares of the Company. This is through a voluntary election to receive his CEO salary from 1 July 2023 until 30 June 2024, in the form of ordinary shares in VivoPower, for which the issuance of VivoPower shares for the period from 1 July 2023 to 31 March 2024 has been approved by the Remuneration Committee. The number of shares noted above represents CEO compensation for the 9 month period to 31, 2024, with Kevin Chin also having elected in November 2023 to receive his CEO salary for the full financial year ending June 30, 2024 in the form of VivoPower ordinary shares. The shares to be issued for the quarter ending 30 June 30, 2024 will be subject to Remuneration Committee approval immediately after the end of that quarter.
The whole world is on a decarbonization mission amid rising climate change concerns. In fact, the International Energy Agency (IEA) estimates that this year will bring $1.7 trillion worth of investments in deploying renewable energy and other clean-energy technologies—a new all-time high that follows six straight years of increases.
VivoPower International PLC (Nasdaq: VVPR, “VivoPower” or the “Company”) is pleased to confirm that its subsidiary Tembo e-LV B.V. (“Tembo”) has now met all of the milestones required to obtain the full strategic direct equity investment into Tembo, at a pre-money valuation of US$120 million and that the initial tranche of funds have been received.
Investment commitment secured from private investment office backed by member of ruling Al Maktoum family of Dubai
VivoPower International (NASDAQ:VVPR) shares surged after recent announcements, giving shareholders in excess of triple-digit returns. But as VVPR stock continues to make new 52-week highs, potential investors on the sidelines may be questioning whether they might have missed out entirely on the rally. Could the stock still have more upside going forward?
As the world races towards a sustainable future, the transition to renewable energy sources has gained unprecedented momentum. Last year, greenhouse gas emissions fell to a historic low as renewable energy in the U.S. reached an all-time high, with wind, solar, and hydroelectric plants meeting almost a quarter of the nation’s power demand, while electric vehicle sales surged to their highest levels ever.
LONDON, April 03, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, the “Company”,
Pre-market stock movers are a hot topic this morning as we check out all of the biggest news worth reading about on Wednesday morning!
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VivoPower stock is rocketing higher on Tuesday after investors in VVPR shares learned about a SPAC merger for subsidiary Tembo.
Tembo E-LV (“Tembo”), a subsidiary of VivoPower International PLC (“VivoPower”), will merge with CCTS (“Cactus Acquisition Corp. 1 Limited”), a...
There’s been a lot of recent news about automakers cutting back on or delaying production of electric vehicles (EVs) due to slowing consumer demand. One of the main culprits responsible for the weakening demand is high interest rates, which have made consumers hesitant to finance big-ticket purchases like electric cars.
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