Company Announcements

XP Power Ltd - Holding(s) in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

SG9999003735

Issuer Name

XP Power Ltd

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

BlackRock, Inc.

City of registered office (if applicable)

Wilmington

Country of registered office (if applicable)

USA

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

18-Mar-2024

6. Date on which Issuer notified

19-Mar-2024

7. Total positions of person(s) subject to the notification obligation

 _____________________________________________________________________________
|               |               |% of voting    |             |               |
|               |% of voting    |rights through |Total of both|Total number of|
|.              |rights attached|financial      |in % (8.A +  |voting rights  |
|               |to shares      |instruments    |8.B)         |held in issuer |
|               |(total of 8.A) |(total of 8.B 1|             |               |
|               |               |+ 8.B 2)       |             |               |
|_______________|_______________|_______________|_____________|_______________|
|Resulting      |               |               |             |               |
|situation on   |               |               |             |               |
|the date on    |3.890000       |1.200000       |5.090000     |1209842        |
|which threshold|               |               |             |               |
|was crossed or |               |               |             |               |
|reached        |               |               |             |               |
|_______________|_______________|_______________|_____________|_______________|
|Position of    |               |               |             |               |
|previous       |3.800000       |1.210000       |5.010000     |               |
|notification   |               |               |             |               |
|(if applicable)|               |               |             |               |
|_______________|_______________|_______________|_____________|_______________|


8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 _____________________________________________________________________________
|Class/Type of   |Number of direct|Number of      |% of direct  |% of indirect|
|shares ISIN code|voting rights   |indirect voting|voting rights|voting rights|
|(if possible)   |(DTR5.1)        |rights         |(DTR5.1)     |(DTR5.2.1)   |
|                |                |(DTR5.2.1)     |             |             |
|________________|________________|_______________|_____________|_____________|
|SG9999003735    |                |922918         |             |3.890000     |
|________________|________________|_______________|_____________|_____________|
|Sub Total 8.A   |922918                          |3.890000%                  |
|________________|________________________________|___________________________|


8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 _____________________________________________________________________________
|              |          |                   |Number of voting   |           |
|Type of       |Expiration|Exercise/conversion|rights that may be |% of voting|
|financial     |date      |period             |acquired if the    |rights     |
|instrument    |          |                   |instrument is      |           |
|              |          |                   |exercised/converted|           |
|______________|__________|___________________|___________________|___________|
|Securities    |          |                   |119610             |0.500000   |
|Lending       |          |                   |                   |           |
|______________|__________|___________________|___________________|___________|
|Sub Total 8.B1|                              |119610             |0.500000%  |
|______________|______________________________|___________________|___________|


8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 ___________________________________________________________________________
|Type of   |Expiration|Exercise/conversion|Physical or|Number of|% of voting|
|financial |date      |period             |cash       |voting   |rights     |
|instrument|          |                   |settlement |rights   |           |
|__________|__________|___________________|___________|_________|___________|
|CFD       |          |                   |Cash       |167314   |0.700000   |
|__________|__________|___________________|___________|_________|___________|
|Sub Total |                                          |167314   |0.700000%  |
|8.B2      |                                          |         |           |
|__________|__________________________________________|_________|___________|


9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 ______________________________________________________________________________
|              |               |               |% of voting    |               |
|              |               |% of voting    |rights through |Total of both  |
|Ultimate      |Name of        |rights if it   |financial      |if it equals or|
|controlling   |controlled     |equals or is   |instruments if |is higher than |
|person        |undertaking    |higher than the|it equals or is|the notifiable |
|              |               |notifiable     |higher than the|threshold      |
|              |               |threshold      |notifiable     |               |
|              |               |               |threshold      |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Holdco 2, Inc. |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|              |BlackRock      |               |               |               |
|BlackRock,    |Financial      |               |               |               |
|Inc. (Chain 1)|Management,    |               |               |               |
|              |Inc.           |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|International  |               |               |               |
|              |Holdings, Inc. |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BR Jersey      |               |               |               |
|Inc. (Chain 1)|International  |               |               |               |
|              |Holdings L.P.  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Holdco 3, LLC  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Cayman 1 LP    |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Cayman West Bay|               |               |               |
|              |Finco Limited  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Cayman West Bay|               |               |               |
|              |IV Limited     |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock Group|               |               |               |
|Inc. (Chain 1)|Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 1)|Finance Europe |               |               |               |
|              |Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|              |BlackRock      |               |               |               |
|BlackRock,    |Investment     |3.830000       |1.210000       |5.040000%      |
|Inc. (Chain 1)|Management (UK)|               |               |               |
|              |Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Holdco 2, Inc. |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|              |BlackRock      |               |               |               |
|BlackRock,    |Financial      |               |               |               |
|Inc. (Chain 2)|Management,    |               |               |               |
|              |Inc.           |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|International  |               |               |               |
|              |Holdings, Inc. |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BR Jersey      |               |               |               |
|Inc. (Chain 2)|International  |               |               |               |
|              |Holdings L.P.  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Holdco 3, LLC  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Cayman 1 LP    |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Cayman West Bay|               |               |               |
|              |Finco Limited  |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Cayman West Bay|               |               |               |
|              |IV Limited     |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock Group|               |               |               |
|Inc. (Chain 2)|Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Finance Europe |               |               |               |
|              |Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|
|BlackRock,    |BlackRock      |               |               |               |
|Inc. (Chain 2)|Advisors (UK)  |               |               |               |
|              |Limited        |               |               |               |
|______________|_______________|_______________|_______________|_______________|


10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

BlackRock Regulatory Threshold Reporting Team

Jana Blumenstein

020 7743 3650

12. Date of Completion

19 March 2024

13. Place Of Completion

12 Throgmorton Avenue, London, EC2N 2DL, U.K.