VIVOPOWER SECURES EXTENSION FOR US$34M LOAN FINANCING FACILITY AGREEMENT
2024年7月10日 - 5:20AM
Nasdaq-listed B Corp VivoPower International PLC (Nasdaq: VVPR,
“VivoPower”) announced today that its independent directors have
secured an amendment and extension to its US$34m shareholder loan
financing agreement following the conclusion of negotiations with
the independent directors of its major shareholder, AWN Holdings
Limited (“AWN”).
As part of the amended terms, VivoPower has
consolidated all of its shareholder loans at VivoPower
International PLC level, as well as amending all of the outstanding
loans to non-current status. This improves the balance sheet
profile of VivoPower.
AWN will also receive an option to acquire
1,150,000 Tembo shares (the “Options”) from VivoPower post business
combination with Cactus Acquisition Corp 1 Limited (“CCTS”) at an
exercise price of $1.35 per share. This replaces a previous
agreement to issue warrants on VivoPower shares. The exercise price
reflects the valuation at which the private investment office
backed by a member of the ruling Al Maktoum family of Dubai agreed
to invest an advance as announced in June 2023, and takes into
account AWN’s continued financial support since 2017. It is
anticipated that the underlying shares to the Option will represent
less than 1.3% of the estimated total number of shares in newly
listed Tembo post-deSPAC and these underlying shares will be
subject to lock up for at least 6 months.
About VivoPower
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. 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 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.
ContactShareholder Enquiriesshareholders@vivopower.com
VivoPower (NASDAQ:VVPR)
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過去 株価チャート
から 10 2023 まで 10 2024