BRIEF-Vivopower International Enters Into Agreement To Sell

May 28 (Reuters) - VivoPower International PLC (VVPR.O) :

* PRESS RELEASE - VIVOPOWER INTERNATIONAL PLC ENTERS INTO AGREEMENT TO SELL INTERESTS IN NORTH CAROLINA PROJECTS

* VIVOPOWER - HAS ENTERED INTO AGREEMENT FOR SALE OF CO'S MINORITY INTERESTS IN 2 OPERATING SOLAR PLANTS IN NORTH CAROLINA TO SUBSIDIARY OF NEW ENERGY SOLAR

* VIVOPOWER WILL RECEIVE A CASH CONSIDERATION OF $11.4 MILLION

* VIVOPOWER- MINORITY INTERESTS REPRESENT 14.5% OWNERSHIP IN 47 MW DC SOLAR PROJECT IN MAXTON CAROLINA, 10% OWNERSHIP IN 43 MW DC SOLAR PROJECT IN BLADEN COUNTY

* VIVOPOWER INTERNATIONAL - IN ACTIVE DISCUSSIONS WITH MANY PARTIES FOR SECURING CO-DEVELOPMENT CAPITAL/SALE OF ITS 1.8GW US DEVELOPMENT PORTFOLIO

* IS ALSO EXPLORING NEW INITIATIVES AND STRATEGIC PARTNERSHIPS WITH POWER OFFTAKERS

* VIVOPOWER- SALE WILL RESULT IN NON-CASH CHARGE OF ABOUT $10.2 MILLION, WHICH REPRESENTS IMMEDIATE ADJUSTMENT TO CARRYING VALUE OF MINORITY INTERESTS OF $21.6 MILLION

Source text for Eikon: Further company coverage: (VVPR.O)

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