Brief: Vivopower Announces Strategic Investment, Financing And Development Update For Tembo

VivoPower

13/01/2023 14:21

VivoPower International PLC  VVPR.O :
    * VIVOPOWER ANNOUNCES STRATEGIC INVESTMENT, FINANCING AND
DEVELOPMENT UPDATE FOR TEMBO
    * VIVOPOWER INTERNATIONAL PLC - SECURED FURTHER BRIDGE
FINANCING
FROM ITS MAJOR SHAREHOLDER, AWN HOLDINGS LIMITED ("AWN") OF US$3
MILLION
    * VIVOPOWER - TEMBO AND TOYOTA AUSTRALIA HAVE NOW CONCLUDED
DESIGN
SERVICES AGREEMENT WITH TOYOTA AUSTRALIA FOR LANDCRUISER 70
SERIES
    * VIVOPOWER INTERNATIONAL PLC - VIVOPOWER WILL CONTINUE TO
RETAIN
A MAJORITY SHAREHOLDING IN TEMBO.
    * VIVOPOWER - TEMBO HAS SECURED STRATEGIC INVESTMENT FROM A
FAMILY
OFFICE INVESTOR IN UAE, WITH AN INITIAL INVESTMENT OF UP TO EUR
2 MILLION
    * VIVOPOWER INTERNATIONAL - VIVOPOWER & TOYOTA AUSTRALIA
WILL EACH
CONTINUE TO EXPLORE OPPORTUNITIES AS PART OF THEIR COMMITMENTS
TO SUSTAINABLE FUTURE

Source text for Eikon:  ID:nGNX9z1p85 
Further company coverage:  VVPR.O