Company Announcements

13 March 2024

 

XP Power Limited

 

("XP Power" or "the Company")

 

Director/PDMR Share Transactions

XP Power announces that it has been notified by Gavin Griggs, CEO, that on 12 March 2024, he exercised options over 2,277 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of £0.01. He subsequently sold 1,074 Ordinary Shares to fund the tax liability due.

The Company has further been notified by Andy Sng, Executive Vice President, Asia, that on 12 March 2024, he exercised options over 814 Ordinary Shares at a price of £0.01 each and 2,786 Ordinary Shares at nil cost.

The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, gives further details.

 _____________________________________________________________________________
|1 |Details of the person discharging managerial responsibilities             |
|__|__________________________________________________________________________|
|a)|Name                           |Gavin Griggs                              |
|__|_______________________________|__________________________________________|
|2 |Reason for the notification                                               |
|__|__________________________________________________________________________|
|a)|Position/status                |Chief Executive Officer                   |
|__|_______________________________|__________________________________________|
|b)|Initial notification /Amendment|Initial Notification                      |
|__|_______________________________|__________________________________________|
|3 |Details of the issuer, emission allowance market participant, auction     |
|  |platform, auctioneer or auction monitor                                   |
|__|__________________________________________________________________________|
|a)|Name                           |XP POWER LIMITED                          |
|__|_______________________________|__________________________________________|
|b)|LEI                            |213800I7RWQ3FV72EZ26                      |
|__|_______________________________|__________________________________________|
|  |Details of the transaction(s): section to be repeated for (i) each type of|
|4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each |
|  |place where transactions have been conducted                              |
|__|__________________________________________________________________________|
|  |Description of the financial   |Ordinary shares of £0.01 each ("Ordinary  |
|a)|instrument, type of instrument |Shares")                                  |
|  |                               |                                          |
|  |Identification code            |SG9999003735                              |
|__|_______________________________|__________________________________________|
|  |                               |  |Exercise of options granted on 16 March|
|b)|Nature of the transaction      |1)|2019 under the XP Power Limited        |
|  |                               |  |Long-Term Incentive Plan 2017.         |
|__|_______________________________|__|_______________________________________|
|  |                               |2)|Sale of Ordinary Shares to fund tax    |
|  |                               |  |liability due                          |
|__|_______________________________|__|_______________________________________|
|  |                               | ___________________                      |
|  |                               ||Price(s) |Volume(s)|                     |
|  |                               ||_________|_________|                     |
|c)|Price(s) and volume(s)         ||1) £0.01 |2,277    |                     |
|  |                               ||_________|_________|                     |
|  |                               ||2) £10.32|1,074    |                     |
|  |                               ||_________|_________|                     |
|__|_______________________________|__________________________________________|
|  |                               | ___________________________________      |
|  |Aggregated information         ||Aggregated Volume|Aggregated Prices|     |
|  |                               ||_________________|_________________|     |
|d)|- Aggregated volume            ||1) 2,277         |£22.77           |     |
|  |                               ||_________________|_________________|     |
|  |- Price                        ||2) 1,074         |£11,083.68       |     |
|  |                               ||_________________|_________________|     |
|__|_______________________________|__________________________________________|
|e)|Date of the transaction        |12 March 2024                             |
|__|_______________________________|__________________________________________|
|f)|Place of the transaction       |1) Outside a trading venue 2) XLON        |
|__|_______________________________|__________________________________________|

 

 ______________________________________________________________________________
|1 |Details of the person discharging managerial responsibilities              |
|__|___________________________________________________________________________|
|a)|Name                           |Andy Sng                                   |
|__|_______________________________|___________________________________________|
|2 |Reason for the notification                                                |
|__|___________________________________________________________________________|
|a)|Position/status                |Executive Vice President, Asia and Director|
|  |                               |(PDMR)                                     |
|__|_______________________________|___________________________________________|
|b)|Initial notification /Amendment|Initial Notification                       |
|__|_______________________________|___________________________________________|
|3 |Details of the issuer, emission allowance market participant, auction      |
|  |platform, auctioneer or auction monitor                                    |
|__|___________________________________________________________________________|
|a)|Name                           |XP POWER LIMITED                           |
|__|_______________________________|___________________________________________|
|b)|LEI                            |213800I7RWQ3FV72EZ26                       |
|__|_______________________________|___________________________________________|
|  |Details of the transaction(s): section to be repeated for (i) each type of |
|4 |instrument; (ii) each type of transaction; (iii) each date; and (iv) each  |
|  |place where transactions have been conducted                               |
|__|___________________________________________________________________________|
|  |Description of the financial   |Ordinary shares of £0.01 each ("Ordinary   |
|a)|instrument, type of instrument |Shares")                                   |
|  |                               |                                           |
|  |Identification code            |SG9999003735                               |
|__|_______________________________|___________________________________________|
|  |                               |  |Exercise of options granted on 16 March |
|b)|Nature of the transaction      |1)|2019 under the XP Power Limited         |
|  |                               |  |Long-Term Incentive Plan 2017.          |
|__|_______________________________|__|________________________________________|
|  |                               |  |Exercise of options granted on 4 March  |
|  |                               |2)|2021 under the XP Power Limited Deferred|
|  |                               |  |Bonus Plan 2017.                        |
|__|_______________________________|__|________________________________________|
|  |                               |  |Exercise of options granted on 8 March  |
|  |                               |3)|2022 under the XP Power Limited Deferred|
|  |                               |  |Bonus Plan 2017.                        |
|__|_______________________________|__|________________________________________|
|  |                               | __________________                        |
|  |                               ||Price(s)|Volume(s)|                       |
|  |                               ||________|_________|                       |
|  |                               ||1) £0.01|814      |                       |
|c)|Price(s) and volume(s)         ||________|_________|                       |
|  |                               ||2) £0.00|1,326    |                       |
|  |                               ||________|_________|                       |
|  |                               ||3) £0.00|1,460    |                       |
|  |                               ||________|_________|                       |
|__|_______________________________|___________________________________________|
|  |                               | ___________________________________       |
|  |                               ||Aggregated Volume|Aggregated Prices|      |
|  |Aggregated information         ||_________________|_________________|      |
|  |                               ||1) 814           |£8.14            |      |
|d)|- Aggregated volume            ||_________________|_________________|      |
|  |                               ||2) 1,326         |£0               |      |
|  |- Price                        ||_________________|_________________|      |
|  |                               ||3) 1,460         |£0               |      |
|  |                               ||_________________|_________________|      |
|__|_______________________________|___________________________________________|
|e)|Date of the transaction        |1), 2) and 3) 12 March 2024                |
|__|_______________________________|___________________________________________|
|f)|Place of the transaction       |1), 2) and 3) Outside a trading venue      |
|__|_______________________________|___________________________________________|

 

 

Enquiries:

        XP Power
        Ruth Cartwright, Company Secretary +44 (0)118 984 5515

Citigate Dewe Rogerson

Kevin Smith/Lucy Gibbs             +44 (0)207 638 9571