REG-XP Power Ltd: Board Changes

XP PowerAnnouncement

29/04/2022 07:15

29 April 2022

XP Power Limited

(“XP Power”, “the Group” or “the Company”)

Board Changes

XP Power announces the retirement of Terry Twigger from the Board with effect
from 29 April 2022.  Terry has acted as Senior Independent Director and Chair
of the Audit Committee and has been on the Board since January 2015.

Non-Executive Director, Polly Williams, will take on the role of Senior
Independent Director and Chair of the Audit Committee with immediate effect. 
Jamie Pike will also be appointed to the Remuneration Committee with immediate
effect.

The Board will now begin a process to appoint a new Non-Executive Director and
will update the market in due course.

James Peters, Chair said:

"I would like to take this opportunity to thank Terry for his significant
contribution to the board over the last seven years."

Enquiries:

XP
Power                                                                                                                                     

Gavin Griggs, Chief Executive
Officer                                                        
+44 (0)118 984 5515

Oskar Zahn, Chief Financial
Officer                                                           
+44 (0)118 984 5515

Citigate Dewe
Rogerson                                                                                                            

Kevin Smith/Jos
Bieneman                                                                         
+44 (0)207 638 9571

Note to editors

XP Power designs and manufactures power convertors, the essential hardware
component in every piece of electrical equipment that converts power from the
electricity grid into the right form for equipment to function.

XP Power has invested in research and development and its own manufacturing
facilities in China, Vietnam and North America, to develop a range of tailored
products based on its own intellectual property that provide its customers
with significantly improved functionality and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP Power is a constituent of the FTSE 250 Index. XP Power
serves a global blue-chip customer base from 29 locations in Europe, North
America, and Asia. 

For further information, please visit xppower.com



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