VivoPower International (VVPR, Financial) has recently addressed inquiries from shareholders regarding Energi Holdings' planned proportional takeover. This proposal outlines a partial acquisition, where shareholders will receive an offer to sell 8 out of every 10 shares they hold as of a future record date.
The financial terms of the offer are defined as the total amount of $180 million, adjusted for any net debt, divided by the number of eligible ordinary shares at the designated time. This signifies that the actual amount received by shareholders will be directly affected by the company's current debt levels and the total number of shares in circulation.
Additionally, the proposal's execution hinges on the completion of a thorough due diligence process, which is currently in progress. This step is crucial as it ensures that all financial and operational aspects of VivoPower are thoroughly examined before finalizing any part of the deal.
Investors and stakeholders in VivoPower are keenly watching the developments of this proposal, given its potential to impact the company's share structure and financial standing. The successful completion of due diligence will determine whether Energi Holdings proceeds with this strategic maneuver.
