Latest news with #Tembo
Yahoo
4 hours ago
- Business
- Yahoo
VivoPower sets record date for special dividend distributions
VivoPower (VVPR) has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV. Shareholders who hold VivoPower shares as of the close of business on 12 June 2025 will be entitled to receive any potential future special dividend distributions relating to Tembo. Shareholders purchasing VivoPower shares on or after the ex-dividend date will not be eligible for the distribution. Any potential future special dividend distributions relating to the Caret business unit will be advised separately. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on VVPR: Disclaimer & DisclosureReport an Issue VivoPower advances $200M Tembo transaction with Energi BitGo enters strategic partnership with VivoPower VivoPower receives $200M EV proposal from Energi for 51% stake in Tembo VivoPower Secures $121 Million for XRP-Focused Strategy VivoPower trading resumes Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
VivoPower Sets Record Date for Special Dividend Distributions Relating to Tembo Transactions
Shareholders as at the ex-dividend date of 12 June 2025 will be eligible to receive any potential special dividend distributions relating to Tembo transactions Corresponding record date will be 13 June 2025 LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, 'VivoPower' or the 'Company') today announced that it has set an ex-dividend date of 12 June 2025 pertaining to any potential future dividend distributions regarding transactions involving Tembo e LV B.V. ('Tembo'). Shareholders who hold VivoPower shares as of the close of business on 12 June 2025 will be entitled to receive any potential future special dividend distributions relating to Tembo. Shareholders purchasing VivoPower shares on or after the ex-dividend date will not be eligible for the distribution. Any potential future special dividend distributions relating to the Caret business unit will be advised separately. Further details regarding potential special dividend distributions, including the amount and ratio will be provided when appropriate. There is no guarantee that any special dividend distributions will be made. About Tembo Tembo electric utility vehicles (EUVs) are a 100% electric solution for ruggedized and/or customized applications for fleet owners in the mining, agriculture, energy utilities, defense, police, construction, infrastructure, government, humanitarian, and game safari industries. Tembo provides safe, high-performance off-road and on-road electric utility vehicles. Its core purpose is to provide safe and reliable electrification solutions for utility vehicle fleet owners, helping to perpetuate useful life, reduce costs, maximize return on assets, and meet ESG goals, and seeks to further the circular economy. Tembo is a subsidiary of VivoPower, a Nasdaq-listed B Corporation. About VivoPower VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world's first XRP-focused digital asset enterprise. The Company's new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications. Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining. Forward-Looking Statements This communication includes certain statements that may constitute 'forward-looking statements' for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. Contact Shareholder Enquiries shareholders@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
VivoPower Advances US$200 Million Tembo Transaction Following Completion of Second Phase of Due Diligence by Energi Holdings
Energi Holdings proposes to acquire 51% of Tembo based on a total enterprise value of US$200 million Parties now agree to work towards negotiating binding transaction documents with a view to early closing Board concurrently evaluating special dividends and/or capital return to shareholders LONDON, June 03, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, 'VivoPower' or the 'Company') today announced that Energi Holdings Limited ('Energi') has advised the Company of the completion of the second phase of due diligence in connection with the previously disclosed Tembo proportional acquisition at a total enterprise value of US$200 million. Energi, headquartered in Abu Dhabi, is a global energy solutions company with US$1 billion in annual revenues and operations spanning the Middle East, Africa, South Asia, Europe, and Southeast Asia (Energi). Consequently, both parties now agree to work towards negotiating a final transaction structure and binding transaction documents with a view to an early closing. In addition, the parties have agreed that completion of the Tembo merger with Cactus Acquisition Corp. 1 Ltd (CCTSF) with the intention to complete a separate public listing of Tembo is in the best interests of both parties. In accordance with previous announcements, the VivoPower board will concurrently evaluate the optimal use of investment proceeds, which may include the return of capital or the payment of a special dividend to shareholders. About VivoPower VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world's first XRP-focused digital asset enterprise. The Company's new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications. Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining. Forward-Looking Statements This communication includes certain statements that may constitute 'forward-looking statements' for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise. Disclaimer There can be no assurance that these discussions will lead to a definitive agreement or that any potential transaction will be consummated. The Company reserves the right to terminate discussions at any time and for any reason, without liability. Consequently, there is no assurance that any return of capital or special dividends will be forthcoming. Furthermore, the record date is subject to change. Contact Shareholder Enquiries shareholders@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
VivoPower advances $200M Tembo transaction with Energi
VivoPower International (VVPR) announced that Energi Holdings has advised the Company of the completion of the second phase of due diligence in connection with the previously disclosed Tembo proportional acquisition at a total enterprise value of $200M. Energi, headquartered in Abu Dhabi, is a global energy solutions company with $1B in annual revenues and operations spanning the Middle East, Africa, South Asia, Europe, and Southeast Asia. Consequently, both parties now agree to work towards negotiating a final transaction structure and binding transaction documents with a view to an early closing. In addition, the parties have agreed that completion of the Tembo merger with Cactus Acquisition Corp. 1 Ltd (CCTS) with the intention to complete a separate public listing of Tembo is in the best interests of both parties. In accordance with previous announcements, the VivoPower board will concurrently evaluate the optimal use of investment proceeds, which may include the return of capital or the payment of a special dividend to shareholders. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VVPR: Disclaimer & DisclosureReport an Issue BitGo enters strategic partnership with VivoPower VivoPower receives $200M EV proposal from Energi for 51% stake in Tembo VivoPower Secures $121 Million for XRP-Focused Strategy VivoPower trading resumes VivoPower reports XRP-focused digital asset treasury strategy, private placement Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
22-05-2025
- Business
- Daily Mail
Should you invest in the UK government bond that will pay you 5.375% interest for 30 years?
The Treasury has launched a new gilt that is set to pay a rate beating the current best buy savings accounts. The government bond, launched last week, will pay 5.375 per cent interest until January 2056. Investors will receive their interest payments as well as the face value of the bond at the end of the period. The rate offered by the gilt is far ahead of the top savings rates currently offered by banks, with the best non-bonus cash Isa rate from Tembo currently paying 4.80 per cent. CMC Invest offers an Isa with a rate of 5.7 per cent, but this drops to 4.85 per cent after three months. Dan Coatsworth, investment analyst at AJ Bell said: 'In the current market, 5.375 per cent equivalent interest could have investors jumping for joy. A bank offering that rate on a cash savings account might have a long line of people queuing up to hand over their money. 'While that might sound enticing, deciding if the investment is attractive is not as straightforward as you think.' The Government's latest gilt issue will pay interest ahead of the current best buy savings deals Government gilts are essentially IOUs issued by the UK Government on which they will pay a set interest rate over a stated period. Generally, these bonds are considered low risk investments, with the Government having never yet defaulted on a coupon payment during the term or a gilt repayment at the end. UK government bonds are becoming increasingly popular investments as retail investors look to make the most of the tax benefits they offer. Interest on gilts is taxed as income, but the bonds are free from capital gains tax. Coatsworth said: 'Gilts have also appealed to investors who have used their annual Isa allowance – they've been buying gilts with the hope that prices go up and they can make a quick profit. Gilts are advantageous because you don't pay any tax on capital gains.' Meanwhile, the shift towards gilts also comes amid concerns that the Government will make changes to the current cash Isa allowance. What's the catch? The 5.375 per cent gilts began trading on Wednesday, meaning that they can no longer be bought from the Debt Management Office at auction. This means that the gilts can only be bought on the secondary market, but this is subject to liquidity, and the price may change. Gilt yields are subject to market movements, meaning that if the price rises, the yield will fall and if the price falls the yield will rise. Coatsworth said: 'If interest rates go up, gilt yields could also move higher. That means future gilt issues could have a more attractive headline yield and investors might sell their existing gilts to buy the newer ones. That process could push down the price of existing gilts.' He added: 'Inflation also matters when weighing up gilts. Gilt prices tend to fall when inflation rises by more than expected because investors tend to demand a higher yield to compensate for the erosion of the investment's value and purchasing power.' If you sell a gilt when the price has fallen, you will likely make a capital loss However, if you intend to hold the gilt until it matures that wouldn't matter, but then it is best to 'forget' about it until the time rolls around and redeem it for par value. The first interest payment on the 5.375 per cent gilt will be made on 31 July this year.
