REG - J.P. Morgan Sec Asia - Public Disclosure Dealing Rule 12.1 Singapore TKO
06/06/2024 12:45
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RNS Number : 4431R J.P. Morgan Securities Asia Private 06 June 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 05 June 2024,
details of which are set out in the Schedule hereto.
Issued by
J. P. Morgan Securities Asia Private Limited
06 June 2024
Singapore
Schedule
For Dealings in shares in the Company
Date of Dealing Name of Relevant Entity and (if different) name of the ultimate 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
beneficial
(Received)
shares owned
owner or controller
(GBP)
or controlled by
the associate
Buy/Sell Product Type Nature of Dealing Highest Lowest
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 15.66 15.66 15.66 15.66 137,965 0.58%
(1)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 15.66 15.66 15.66 15.66 137,966 0.58%
1
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Riskless Principal 15.68 15.68 15.68 1,066.24 138,034 0.58%
68
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 15.60 15.60 15.60 530.40 138,000 0.58%
(34)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Riskless Principal 15.76 15.76 15.76 535.84 137,966 0.58%
(34)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap Hedge (65,436) 15.68 15.68 15.68 1,026,036.48 72,530 0.31%
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.65 15.65 15.65 2,440.98 72,686 0.31%
156
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.60 15.60 15.60 670.80 72,729 0.31%
43
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.76 15.76 15.76 2,221.94 72,870 0.31%
141
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap Hedge 15.50 15.50 15.50 697.50 72,915 0.31%
45
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
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap (184) 2-Nov-28 - 15.72 2,892.74
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 2-Jul-25 - 15.65 203.43
(13)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 2-Jul-25 - 15.50 697.55
(45)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 2-Jul-25 - 15.65 845.02
(54)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Sell Common Shares Swap 2-Jul-25 - 15.65 1,392.71
(89)
5-Jun-24 J.P. MORGAN SECURITIES PLC (dealing as principal) XP Power Limited Buy Common Shares Swap 65,436 6-May-25 - 15.68 1,026,036.48
For Securities Borrowing and Lending Transactions
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 Highest and Total Amount Paid / Received Resultant Total of Equivalent % of
owner or controller
(GBP) Lowest Prices (GBP) Shares owned Resultant
Paid or Received (GBP) or controlled by Total of
the associate and by Equivalent Shares
investment
accounts under
the discretionary management of the associate
BUY/ SELL Product Type Nature of Dealing Highest Lowest
5 June 2024 JPMORGAN CHASE BANK, N.A. XP Power Limited Borrow Return N/A Borrow Return 15,000 N/A N/A N/A N/A Nil Nil
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