VIVO · VivoPower PLC

Summary

VivoPower announced the voluntary conversion of 2,961,000 NASDAQ-listed Class A ordinary shares into unlisted, non-tradable Class B ordinary shares with enhanced voting rights by Executive Chairman and CEO Kevin Chin and affiliated entities, reducing the public float. This aligns leadership interests with shareholders as part of a non-dilutive capital strategy following recent share acquisitions and terminations of equity programs.

Key takeaways

• Kevin Chin and affiliates converted 2,961,000 Class A ordinary shares into Class B shares
• Class B shares are unlisted, non-tradable, with enhanced voting rights
• Follows board members' acquisition of 2,650,000 shares on February 18, 2026, majority by Kevin Chin
• Approved under Resolution 3 at Extraordinary General Meeting on January 30, 2026
• ATM Equity Offering Agreement terminated on February 2, 2026
• Form F-3 Registration Statement withdrawn on March 18, 2026