VivoPower International PLC announced on July 22, 2025, that it has further reduced its liabilities by an aggregate of US$7.5 million. This was achieved by negotiating with selected lenders and suppliers to exchange outstanding monies for VVPR ordinary shares, in line with recent offer issue prices.
Additionally, directors of the company have elected to receive shares in lieu of certain directors’ fees and costs. These newly issued ordinary shares are subject to lock-up conditions, with a limited percentage programmatically sold to cover consequential tax liabilities for directors.
These initiatives contribute to VivoPower's long-term commitment to strengthening its balance sheet and optimizing its capital structure. The company is progressing ahead of schedule on its objective to reduce and retire its debts, including the AWN shareholder loan, which had an unaudited balance of US$28.8 million as of June 30, 2025.
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