REG - J.P. Morgan Sec Asia - Public Disclosure Dealing Rule 12.1 Singapore TKO
29/05/2024 13:00
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RNS Number : 3018Q J.P. Morgan Securities Asia Private 29 May 2024
PROPOSED ACQUISITION OF XP POWER LIMITED
DEALINGS DISCLOSURE
1. INTRODUCTION
J. P. Morgan Securities Asia Private Limited ("JPM") refers to the non-binding
cash proposal (the "Proposal") by Advanced Energy Industries, Inc. (the
"Offeror"), to acquire the entire share capital of XP Power Limited (the
"Company") for a cash consideration of £19.50 per share, as announced on 21
May 2024 (the "Announcement").
As stated in the Announcement, JPM, together with The Hongkong and Shanghai
Banking Corporation Limited, Singapore Branch, are the joint financial
advisers to the Offeror in respect of the Proposal.
All capitalised terms used and not defined herein shall have the same meanings
given to them in the Joint Announcement.
2. DISCLOSURE OF DEALINGS
Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the
"Code") and the Practice Statement on the Exemption of Connected Fund Managers
and Principal Traders under the Code, JPM wishes to announce the dealings by
its associates in the relevant securities of the Company on 28 May 2024,
details of which are set out in the Schedule hereto.
Issued by
J. P. Morgan Securities Asia Private Limited
29 May 2024
Singapore
Schedule
For Dealings in shares in the Company
Date of Dealing Name of Relevant Entity and (if different) name of the ultimate beneficial Description of Security Nature of Transaction Number of Shares Price (GBP) Highest and Lowest Prices Paid or Received (GBP) Total Amount (Paid)/ Resultant Total of Equivalent % of Resultant Total of Equivalent shares
owner or controller
(Received)
shares owned
(GBP)
or controlled by
the associate
Buy/Sell Product Type Nature of Dealing Highest Lowest
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 60,000 16.04 16.04 962,400.00 116,340 0.49%
16.04
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.04 16.04 116,341 0.49%
16.06 16.06
1
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.04 16.04 116,342 0.49%
1 16.06 16.06
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.04 16.04 116,345 0.49%
16.06 48.18
3
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.04 16.04 116,614 0.49%
269 16.02 4,309.54
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 16.02 16.02 116,612 0.49%
16.04 32.08
(2)
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.04 16.02 116,614 0.49%
16.04 32.08
2
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal (60,000) 16.04 16.02 962,688.72 56,614 0.24%
16.04
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 16.04 16.02 56,340 0.24%
(274) 16.02 4,390.28
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 16.02 16.02 56,343 0.24%
16.02 48.06
3
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 16.02 16.02 56,340 0.24%
16.02 48.06
(3)
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 56,382 0.24%
16.04 673.68
42
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 56,427 0.24%
15.98 719.10
45
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 56,475 0.24%
15.92 764.16
48
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 56,639 0.24%
164 15.92 2,610.56
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 56,881 0.24%
242 16.02 3,877.20
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.04 15.98 57,153 0.24%
272 16.00 4,353.26
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.99 15.99 14,645.65 58,069 0.25%
916 15.99
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 1,266 16.00 16.00 20,262.20 59,335 0.25%
16.00
24-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.91 15.91 59,373 0.25%
15.81 600.84
38
24-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.91 15.91 59,478 0.25%
105 15.91 1,670.34
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.91 15.91 59,639 0.25%
161 15.91 2,561.11
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.90 15.90 59,651 0.25%
15.90 190.80
12
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.93 15.93 59,719 0.25%
15.93 1,083.28
68
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 1,256 16.00 16.00 20,092.30 60,975 0.26%
16.00
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.01 16.01 61,451 0.26%
476 16.01 7,621.42
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.94 15.94 61,526 0.26%
15.94 1,195.50
75
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.96 15.96 62,112 0.26%
586 15.96 9,353.28
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.01 16.01 11,444.88 62,827 0.27%
715 16.01
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.00 16.00 15,516.12 63,797 0.27%
970 16.00
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 16.14 16.14 63,883 0.27%
16.14 1,387.90
86
For Dealings in Derivatives
Date of Dealing Name of Relevant Entity and (if different) name of the ultimate beneficial Description of Security Nature of Transaction Number of Shares to which the Derivatives relate Maturity (Date)/ (Period) Closing Out Date (if applicable) Reference Price (GBP) Total Amount (Paid)/
owner or controller
(Received)
(GBP)
Buy/Sell Product Type Nature of Dealing
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (391) 6-Jan-25 - 15.99
6,253.65
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (945) 6-Jan-25 - 15.99 15,114.33
24-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 25-Jun-25 - 15.81
(38) 600.84
24-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (105) 25-Jun-25 - 15.91
1,670.34
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (161) 25-Jun-25 - 15.91
2,561.11
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 31-Jul-24 - 16.00
(46) 736.23
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (128) 31-Jul-24 - 16.00
2,048.63
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (240) 31-Jul-24 - 16.00
3,841.18
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (852) 31-Jul-24 - 16.00 13,636.17
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (916) 5-Oct-28 - 15.99 14,645.65
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (813) 28-Apr-26 - 15.99 12,998.28
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 2-Jul-25 - 16.01
(32) 512.40
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (184) 2-Jul-25 - 16.01
2,946.32
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (260) 2-Jul-25 - 16.01
4,163.27
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (731) 2-Nov-28 - 15.99 11,691.74
28-May-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (1,701) 2-Nov-28 - 15.99 27,206.08
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