 LONDON, Dec. 30, 2020 GLOBE NEWSWIRE -- VivoPower International PLC NASDAQ: VVPR, the Company is pleased to announce that its Executive Chairman and Chief Executive Officer, Kevin Chin, has elected to take all of a market-based adjustment to his chairmans fee in VivoPower stock rather than cash. This follows a review by an independent external remuneration advisory group which determined the VivoPower board members were being paid materially below market levels for comparable companies. The total number of restricted stock units RSUs to be issued to Mr. Chin will be equivalent to 7,788 shares in accordance with the Companys Omnibus Incentive Plan. In addition, the other non-executive directors of VivoPower have also elected to receive all but 2,000 of their adjusted board fees in RSUs, amounting to 7,788 shares each. 