Spin-off - VivoPower International PLC

Form Type: DRS

Filing Date: 2025-03-27

Corporate Action: Spin-off

Type: New

Accession Number: 000164117225000897

Filing Summary: VivoPower International PLC is announcing a plan to spin off the majority of its Caret business unit's portfolio, which includes up to ten solar projects totaling 586MW-DC. This spin-off is in line with the company's strategic realignment and was approved by shareholders during the November 2022 Annual General Meeting. The spin-off aims to unlock value for shareholders and provide direct exposure to Caret Digital's businesses, particularly its digital asset and AI-focused ventures. The process will result in a dividend share distribution to all eligible VivoPower shareholders, set for a future record date which will be announced later. Additionally, VivoPower's board has acknowledged an unsolicited takeover offer from Energi Holdings Limited, which aims to acquire the company at an enterprise value of US$120 million, further highlighting its repositioning efforts.