XP Power Ltd - Grant of LTIP and RSP awards
(“XP Power” or “the Company”)
Grant of Restricted Share Plan and Long Term Incentive Plan awards
The Company announces that 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 and RSP, was £15.66.
These grants represent the additional awards to bring the overall LTIP awards granted in FY26 up to the levels permitted within the Directors’ Remuneration Policy approved at the 2026 AGM, as disclosed in the Directors Remuneration Report, with the same vesting conditions as per the awards granted on
The notification below, made in accordance with the requirements 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 | |__|_______________________________|___________________________________________| | 4| Details of the transaction(s): section to be repeated for (i) each type of| | |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 achievement| | | |2)|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. | |__|_______________________________|__|________________________________________| | | | | |__|_______________________________|___________________________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |c)|Price(s) and volume(s) ||________|_________| | | | ||1) Nil |937 | | | | ||________|_________| | | | ||2) Nil |7,498 | | | | ||________|_________| | |__|_______________________________|___________________________________________| | |Aggregated information | | |d)| | | | | - Aggregated volume | 8,435 | | | | | | | - Price | Nil | |__|_______________________________|___________________________________________| |e)|Date of the transaction | 30 April 2026 | |__|_______________________________|___________________________________________| |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 | |__|_______________________________|___________________________________________| | 4| Details of the transaction(s): section to be repeated for (i) each type of| | |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. | |__|_______________________________|__|________________________________________| | | | | |__|_______________________________|___________________________________________| | | | __________________ | | | ||Price(s)|Volume(s)| | |c)|Price(s) and volume(s) ||________|_________| | | | ||1) Nil |723 | | | | ||________|_________| | | | ||2) Nil |5,787 | | | | ||________|_________| | |__|_______________________________|___________________________________________| | |Aggregated information | | |d)| | | | | - Aggregated volume | 6,510 | | | | | | | - Price | Nil | |__|_______________________________|___________________________________________| |e)|Date of the transaction | 30 April 2026 | |__|_______________________________|___________________________________________| |f)|Place of the transaction | Outside a trading venue | |__|_______________________________|___________________________________________|
Enquiries:
XP Power
Ruth Cartwright , Company Secretary +44 (0)118 984 5515
