VivoPower converts 2.96 million shares to reduce public float
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VivoPower Commences Strategic Share Conversion Program; Initial 2.96 Million Listed Class A Ordinary Shares Becoming Unlisted Restricted Class B Shares, Reducing Public Float
March 20, 2026 9:33 AM EDTFollows recently announced share acquisitions totaling 2.65 million shares by board members, including Executive Chairman and CEO, Kevin Chin, who purchased the majority of sharesÂ
Conversion program is aligned with VivoPowers broader capital strategy to minimize dilution following the recent cancellation of the Companys ATM and F-3 registration statement
Strategic intent is to further align with shareholder interest, given that unlisted restricted Class B shares are non-tradeable with enhanced voting rights
LONDON, March 20, 2026 (GLOBE NEWSWIRE) -- VivoPower PLC (Nasdaq:... More
