VIVOPOWER ANNOUNCES FURTHER STRATEGIC DIRECT INVESTMENT IN TEMBO FROM EMIRATI INVESTMENT OFFICE
VivoPower International PLC - Ordinary Shares (VVPR)
US:NASDAQ Investor Relations:
vivopower.com/shareholders
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Source: GlobeNewswire
Investment commitment secured from private investment office backed by member of ruling Al Maktoum family of Dubai Initial US$7.5m investment milestones previously met as part of US$10 million commitment Tembo has now met milestones to qualify for the final follow-on investment of US$2.5 million, for an aggregate total investment of US$10 million LONDON, April 08, 2024 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR, “VivoPower” or the “Company”) is pleased to announce that its subsidiary Tembo e-LV B.V. (“Tembo”) has now met all the milestones to obtain the final follow-on strategic direct equity investment into Tembo, at a pre-money valuation of US$120 million. This is pursuant to a commitment received in June 2023 from a UAE based private investment office backed by a member of the ruling Al Maktoum family of Dubai. The investor, under the agreement terms, can exercise the option to increase its cumulative investment in subsequent closings, up to US$10 million b
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News
- VIVOPOWER ANNOUNCES SALE OF AUSTRALIAN CRITICAL POWER BUSINESS UNIT [Yahoo! Finance]Yahoo! Finance
- VIVOPOWER EXECUTIVE CHAIRMAN AND CEO FILES FORM F4 TO INCREASE HIS SHAREHOLDING TO 12.3% [Yahoo! Finance]Yahoo! Finance
- CNN values your feedback [CNN]CNN
- VivoPower declares Capital Management Strategy including Stock Buyback Program of up to US$5 million [Yahoo! Finance]Yahoo! Finance
- VivoPower declares Capital Management Strategy including Stock Buyback Program of up to US$5 million GlobeNewswire
VVPR
Sec Filings
- 4/29/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/18/24 - Form 144
- VVPR's page on the SEC website