VivoPower board authorizes $5M stock buyback program

VivoPower (VVPR) announced that its Board of Directors has authorized the extension of a capital management strategy including a stock buyback program pursuant to which the Company is authorized to purchase up to $5M of the Company’s outstanding ordinary shares. The Stock Buyback Program now has an updated expiration date of June 30, 2026, and maybe suspended, terminated, amended or modified by the Board at any time without prior notice at the Board’s discretion. No shares have been repurchased under the Stock Buyback Program to date. The Stock Buyback Program is expected to be funded using the Company’s proceeds from any surplus cash receipts, realisation of business and asset divestitures including spin-offs and carve-outs. Repurchases under the Stock Buyback Program may be made, from time to time, in amounts and at prices the Company deems appropriate. The Stock Buyback Program does not obligate the Company to purchase any of its ordinary shares