Abri Advisors Divests Entire Stake in VivoPower International PLC
Ticker: VVPR · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1681348
| Field | Detail |
|---|---|
| Company | Vivopower International PLC (VVPR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.12 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-selling, ownership-change, divestment
TL;DR
**Abri Advisors just dumped all its VivoPower shares.**
AI Summary
Abri Advisors Ltd. filed an amended SC 13G/A on January 22, 2024, indicating a significant change in their beneficial ownership of VivoPower International PLC ordinary shares. As of January 17, 2024, Abri Advisors Ltd. now reports having 0 shares with sole voting power, 0 shares with shared voting power, 0 shares with sole dispositive power, and 0 shares with shared dispositive power. This filing suggests Abri Advisors Ltd. has divested its entire stake in VivoPower International PLC, which could signal a lack of confidence in the company's future prospects to current or potential investors.
Why It Matters
This filing indicates a major institutional investor, Abri Advisors Ltd., has completely exited its position in VivoPower International PLC, which could be interpreted negatively by the market.
Risk Assessment
Risk Level: medium — The complete divestment by an institutional investor like Abri Advisors Ltd. could signal underlying concerns about VivoPower International PLC, increasing investment risk.
Analyst Insight
A smart investor would investigate the reasons behind Abri Advisors Ltd.'s complete divestment from VivoPower International PLC and consider if this signals a negative outlook for the company before making any investment decisions.
Key Numbers
- 0 — Sole Voting Power (Number of shares Abri Advisors Ltd. now holds with sole voting power in VivoPower International PLC.)
- 0 — Shared Voting Power (Number of shares Abri Advisors Ltd. now holds with shared voting power in VivoPower International PLC.)
- 0 — Sole Dispositive Power (Number of shares Abri Advisors Ltd. now holds with sole dispositive power in VivoPower International PLC.)
- 0 — Shared Dispositive Power (Number of shares Abri Advisors Ltd. now holds with shared dispositive power in VivoPower International PLC.)
Key Players & Entities
- Abri Advisors Ltd. (company) — the reporting person that filed the SC 13G/A
- VivoPower International PLC (company) — the subject company whose shares are being reported
- Bermuda (company) — place of organization for Abri Advisors Ltd.
- January 17, 2024 (date) — date of event requiring the filing
- $0.12 (dollar_amount) — nominal value per ordinary share of VivoPower International PLC
Forward-Looking Statements
- VivoPower International PLC's stock price may experience downward pressure due to the institutional divestment. (VivoPower International PLC) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing by Abri Advisors Ltd.?
This SC 13G/A is an amendment (Amendment No. 1) to a previous Schedule 13G filing, indicating a change in beneficial ownership of VivoPower International PLC's ordinary shares by Abri Advisors Ltd. Specifically, it reports that Abri Advisors Ltd. now holds 0 shares with any voting or dispositive power as of January 17, 2024.
Which company's shares are the subject of this filing?
The subject company is VivoPower International PLC, whose ordinary shares have a nominal value of $0.12 per share and a CUSIP Number of G9376R100.
What is the reported beneficial ownership of Abri Advisors Ltd. in VivoPower International PLC as of the event date?
As of January 17, 2024, Abri Advisors Ltd. reports having 0 shares with sole voting power, 0 shares with shared voting power, 0 shares with sole dispositive power, and 0 shares with shared dispositive power in VivoPower International PLC.
When was the event that triggered this filing?
The date of the event which requires the filing of this statement was January 17, 2024.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c) of the Securities Exchange Act of 1934, as indicated by the checked box on the cover page.
Filing Stats: 1,339 words · 5 min read · ~4 pages · Grade level 9.4 · Accepted 2024-01-22 06:08:19
Key Financial Figures
- $0.12 — ssuer) Ordinary shares, nominal value $0.12 per share (Title of Class of Securiti
Filing Documents
- vpip_sc13ga.htm (SC 13G/A) — 66KB
- vpip_ex991.htm (EX-99.1) — 5KB
- 0001477932-24-000299.txt ( ) — 73KB
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:
Ownership
Item 4. Ownership (a) Amount Beneficially Owned: See the response to row 9 of the cover page for each Reporting Person. (b) Percent of Class: See the response to row 11 of the cover page for each Reporting Person. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote – O shares. (ii) Shared power to vote or to direct the vote – O shares. (iii) Sole power to dispose or to direct the disposition of – O shares. (iv) Shared power to dispose or to direct the disposition of – O shares. CUSIP No. G9376R100 Page 5 of 7 Pages
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. CUSIP No. G9376R100 Page 6 of 7 Pages
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: January 19, 2024 Abri Advisors, Ltd. By: /s/ Jeffrey Tirman Name: Jeffrey Tirman Title: President /s/ Jeffrey Tirman Name: Jeffrey Tirman CUSIP No. G9376R100 Page 7 of 7 Pages Exhibit Index Exhibit No. Description Exhibit 99.1 Joint Filing Agreement.