VivoPower International PLC (NASDAQ: VVPR, “VivoPower”, the “Company”) has announced that Executive Chairman and CEO, Kevin Chin, is increasing his individual shareholding in the Company by 125,000 shares, representing approximately 4% of the undiluted number of issued and outstanding shares of the Company. This is through a voluntary election to receive his CEO salary since 1 July 2023 in the form of ordinary shares in VivoPower and was approved by the Remuneration Committee.
The issuance of the ordinary shares to the CEO will be conditional upon the directors of VivoPower having first been granted sufficient authority to allot such number of shares pursuant to section 551 of the Companies Act 2006 by the shareholders of VivoPower at the 2023 Annual General Meeting of shareholders.
