SCHEDULE: KCM Capital, McCarthy & AMC Fund Disclose 10.5% Stake in VivoPower

KCM Capital Inc., Kent C. McCarthy, and AMC Fund, L.P. jointly reported a 10.5% passive beneficial ownership in VivoPower International PLC, totaling 1,321,280 ordinary shares.

Summary

• KCM Capital Inc., Kent C. McCarthy, and AMC Fund, L.P. have jointly filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in VivoPower International PLC.
• The reporting persons collectively beneficially own 1,321,280 Ordinary Shares, nominal value $0.12 per share, of VivoPower International PLC.
• This ownership represents 10.5% of the class, based on 12,527,212 Ordinary Shares outstanding as of June 30, 2025, as reported in the Issuer's Form 20-F filed on October 30, 2025.
• All 1,321,280 Ordinary Shares are held by AMC Fund, L.P., which is controlled by KCM Capital, Inc., which in turn is controlled by Kent C. McCarthy.
• The reporting persons share both voting and dispositive power over these 1,321,280 shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, indicating a passive investment intent.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake. While the presence of institutional investors can be a positive signal, it provides no new operational or financial information to significantly alter sentiment.

Positives

• A significant beneficial ownership stake (10.5%) by institutional investors and a prominent individual investor can signal confidence in the company's long-term prospects.
• The passive nature of the investment, as certified, suggests these investors are not seeking to disrupt current management or strategy.

Future Outlook

The filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "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." Kent C. McCarthy (on behalf of KCM Capital Inc., himself, and AMC Fund, L.P.)

Industry Context

This filing is a standard regulatory disclosure of a significant passive ownership stake. It does not provide specific insights into broader industry trends but reflects ongoing investor interest in companies like VivoPower International PLC.

Stakeholder Impact

• Shareholders: May view the significant passive stake by KCM Capital, Kent C. McCarthy, and AMC Fund, L.P. as a positive indicator of institutional confidence in VivoPower International PLC.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a passive beneficial ownership stake by KCM Capital Inc., Kent C. McCarthy, and AMC Fund, L.P. in VivoPower International PLC. While the 10.5% stake is substantial, the filing explicitly states the shares were not acquired for the purpose of changing or influencing control. As such, it provides no new operational or financial data to warrant a change in investment thesis, suggesting a 'hold' recommendation based solely on this disclosure.

Keywords

VivoPower International PLC, KCM Capital Inc, Kent C. McCarthy, AMC Fund L.P., Beneficial Ownership, Schedule 13G, Passive Investment, Ordinary Shares, Institutional Investor