XP Power Ltd - Grant of LTIP, RSP and DBP awards
("
Grant of Restricted Share Plan, Long Term Incentive Plan and Deferred Bonus Plan awards
The Company announces that on
Awards were further granted on
The five-day average of the closing mid-market quotation prior to the date of grant used to calculate the number of options granted under the LTIP, RSP and DBP, was £10.74.
All awards were made in accordance with the approved Directors' Remuneration Policy.
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
______________________________________________________________________________
|1 |Details of the person discharging managerial responsibilities |
|__|___________________________________________________________________________|
|a)|Name |Gavin Griggs |
|__|_______________________________|___________________________________________|
|2 |Reason for the notification |
|__|___________________________________________________________________________|
|a)|Position/status |Chief Executive Officer (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 |
|__|_______________________________|___________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Restricted Share Plan 2020. The |
| | | |vesting of the award after five years is|
|b)|Nature of the transaction |1)|not subject to performance conditions. |
| | | |There is no price payable on the grant |
| | | |or vesting of the option. On exercise, |
| | | |the option price of £0.01 per share is |
| | | |payable. |
|__|_______________________________|__|________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Long Term Incentive Plan 2017. |
| | | |The potential vesting of the award after|
| | |2)|five years is subject to the achievement|
| | | |of performance conditions assessed at |
| | | |the end of a three-year period. There is|
| | | |no price payable on the grant or vesting|
| | | |of the option. On exercise, the option |
| | | |price of £0.01 per share is payable. |
|__|_______________________________|__|________________________________________|
| | | |Grant of nil cost share option award |
| | | |over Ordinary Shares under the XP Power |
| | | |Limited Deferred Bonus Plan 2017. The |
| | |3)|vesting of the award after two years is |
| | | |not subject to performance conditions. |
| | | |There is no price payable on the grant, |
| | | |vesting or exercise of the option. |
|__|_______________________________|__|________________________________________|
| | | __________________ |
| | ||Price(s)|Volume(s)| |
| | ||________|_________| |
| | ||1) Nil |6,634 | |
|c)|Price(s) and volume(s) ||________|_________| |
| | ||2) Nil |53,072 | |
| | ||________|_________| |
| | ||3) Nil |14,926 | |
| | ||________|_________| |
|__|_______________________________|___________________________________________|
| |Aggregated information | |
| | |74,632 |
|d)|- Aggregated volume | |
| | |Nil |
| |- Price | |
|__|_______________________________|___________________________________________|
|e)|Date of the transaction |12 March 2024 |
|__|_______________________________|___________________________________________|
|f)|Place of the transaction |Outside a trading venue |
|__|_______________________________|___________________________________________|
______________________________________________________________________________
|1 |Details of the person discharging managerial responsibilities |
|__|___________________________________________________________________________|
|a)|Name |Matthew Webb |
|__|_______________________________|___________________________________________|
|2 |Reason for the notification |
|__|___________________________________________________________________________|
|a)|Position/status |Chief Financial Officer (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 |
|__|_______________________________|___________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Restricted Share Plan 2020. The |
| | | |vesting of the award after five years is|
|b)|Nature of the transaction |1)|not subject to performance conditions. |
| | | |There is no price payable on the grant |
| | | |or vesting of the option. On exercise, |
| | | |the option price of £0.01 per share is |
| | | |payable. |
|__|_______________________________|__|________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Long Term Incentive Plan 2017. |
| | | |The potential vesting of the award after|
| | | |five years, is subject to the |
| | |2)|achievement of performance conditions |
| | | |assessed at the end of a three-year |
| | | |period. There is no price payable on the|
| | | |grant or vesting of the option. On |
| | | |exercise, the option price of £0.01 per |
| | | |share is payable. |
|__|_______________________________|__|________________________________________|
| | | |Grant of nil cost share option award |
| | | |over Ordinary Shares under the XP Power |
| | | |Limited Deferred Bonus Plan 2017. The |
| | |3)|vesting of the award after two years is |
| | | |not subject to performance conditions. |
| | | |There is no price payable on the grant, |
| | | |vesting or exercise of the option. |
|__|_______________________________|__|________________________________________|
| | | __________________ |
| | ||Price(s)|Volume(s)| |
| | ||________|_________| |
| | ||1) Nil |5,121 | |
|c)|Price(s) and volume(s) ||________|_________| |
| | ||2) Nil |40,968 | |
| | ||________|_________| |
| | ||3) Nil |3,348 | |
| | ||________|_________| |
|__|_______________________________|___________________________________________|
| |Aggregated information | |
| | |49,437 |
|d)|- Aggregated volume | |
| | |Nil |
| |- Price | |
|__|_______________________________|___________________________________________|
|e)|Date of the transaction |12 March 2024 |
|__|_______________________________|___________________________________________|
|f)|Place of the transaction |Outside a trading venue |
|__|_______________________________|___________________________________________|
______________________________________________________________________________
|1 |Details of the person discharging managerial responsibilities |
|__|___________________________________________________________________________|
|a)|Name |Andy Sng |
|__|_______________________________|___________________________________________|
|2 |Reason for the notification |
|__|___________________________________________________________________________|
|a)|Position/status |Executive Vice President, Asia (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 |
|__|_______________________________|___________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Restricted Share Plan 2020. The |
| | | |vesting of the award after five years is|
|b)|Nature of the transaction |1)|not subject to performance conditions. |
| | | |There is no price payable on the grant |
| | | |or vesting of the option. On exercise, |
| | | |the option price of £0.01 per share is |
| | | |payable. |
|__|_______________________________|__|________________________________________|
| | | |Award of nominal value options over |
| | | |Ordinary Shares as part of the XP Power |
| | | |Limited Long Term Incentive Plan 2017. |
| | | |The potential vesting of the award after|
| | | |five years, is subject to the |
| | |2)|achievement of performance conditions |
| | | |assessed at the end of a three-year |
| | | |period. There is no price payable on the|
| | | |grant or vesting of the option. On |
| | | |exercise, the option price of £0.01 per |
| | | |share is payable. |
|__|_______________________________|__|________________________________________|
| | | |Grant of nil cost share option award |
| | | |over Ordinary Shares under the XP Power |
| | | |Limited Deferred Bonus Plan 2017. The |
| | |3)|vesting of the award after two years is |
| | | |not subject to performance conditions. |
| | | |There is no price payable on the grant, |
| | | |vesting or exercise of the option. |
|__|_______________________________|__|________________________________________|
| | | __________________ |
| | ||Price(s)|Volume(s)| |
| | ||________|_________| |
| | ||1) Nil |2,618 | |
|c)|Price(s) and volume(s) ||________|_________| |
| | ||2) Nil |13,091 | |
| | ||________|_________| |
| | ||3) Nil |3,709 | |
| | ||________|_________| |
|__|_______________________________|___________________________________________|
| |Aggregated information | |
| | | 19,418 |
|d)|- Aggregated volume | |
| | | Nil |
| |- Price | |
|__|_______________________________|___________________________________________|
|e)|Date of the transaction |12 March 2024 |
|__|_______________________________|___________________________________________|
|f)|Place of the transaction |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
