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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended June 30,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

For the fiscal year ended June 30, 2024

Commission file number 1-37974

VIVOPOWER INTERNATIONAL PLC

(Exact name of Registrant as specified in its charter)

England and Wales

(Jurisdiction of incorporation or organization)

The Scalpel,18th Floor,52 Lime Street

London EC3M 7AF

United Kingdom

(Address of principal executive offices)

Kevin Chin, Chief Executive Officer

Tel:+44-203-667-5158

The Scalpel,18th Floor,52 Lime Street, London EC3M 7AF, United Kingdom

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Ordinary Shares, nominal value $0.12 per shareVVPRThe Nasdaq Capital Market

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

(Title of Class)

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

None

(Title of Class)

Indicate the number of outstanding shares of each of the issuer’s classes of capital or Ordinary Shares as of the close of the period covered by the annual report.

Ordinary Shares, nominal value $0.12 per share4,439,733

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐No ☒

Note—Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

TABLE OF CONTENTS

Introduction1
Forward-Looking Statements1
PART I2
Item 1. Identity of Directors, Senior Management and Advisors2
Item 2. Offer Statistics and Expected Timetable2
Item 3. Key Information2
A. Selected Financial Data2
B. Capitalization and Indebtedness2
C. Reasons for the Offer and Use of Proceeds2
D. Risk Factors2
Item 4. Information on the Company21
A. History and Development of the Company21
B. Business Overview22
C. Organizational Structure25
D. Property, Plant and Equipment25
Item 4A. Unresolved Staff Comments26
Item 5. Operating and Financial Review and Prospects26
A. Operating Results26
B. Liquidity and Capital Resources36
C. Research and Development, Patents, Licenses, etc.41
D. Trend Information42
E. Critical Accounting Estimates42
Item 6. Directors, Senior Management and Employees43
A. Directors and Senior Management43
B. Board Diversity46
C. Compensation46
D. Board Practices48
E. Employees51
F. Share Ownership52
G. Disclosure of a Registrant’s Action to Recover Erroneously Awarded Compensation53
Item 7. Major Shareholders and Related Party Transactions53
A. Major Shareholders53
B. Related Party Transactions54
C. Interests of Experts and Counsel56
Item 8. Financial Information56
A. Consolidated Statements and Other Financial Information56
B. Significant Changes57
Item 9. The Offer and Listing57
A. Offering and Listing Details57
B. Plan of Distribution57
C. Markets57
D. Selling Shareholders57
E. Dilution57
F. Expenses of the Issue57
Item 10. Additional Information58
A. Share Capital58
B. Memorandum and Articles of Association58
C. Material Contracts58
D. Exchange Controls58
E. Taxation58
F. Dividends and Paying Agents64
G. Statements by Experts64
H. Documents on Display65
I. Subsidiary Information65
Item 11. Quantitative and Qualitative Disclosures about Market Risk65
Item 12. Description of Securities Other than Equity Securities66

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PART II66
Item 13. Defaults, Dividend Arrearages and Delinquencies66
Item 14. Material Modifications to the Rights of Securityholders and Use of Proceeds65
Item 15. Controls and Procedures67
Item 16. [Reserved]67
Item 16A. Audit Committee Financial Expert67
Item 16B. Code of Ethics67
Item 16C. Principal Accountant Fees and Services68
Item 16D. Exemption from the Listing Standards for Audit Committees69
Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers69
Item 16F. Change in Registrant’s Certifying Accountant69
Item 16G. Corporate Governance69
Item 16H. Mine Safety Disclosure69
PART III69
Item 17. Financial Statements69
Item 18. Financial Statements69
Item 19. Exhibits69
Index to Consolidated Financial StatementsF-1

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.