REG-XP Power Ltd: Director/PDMR Shareholding <Origin Href="QuoteRef">XPP.L</Origin>

XP PowerAnnouncement

23/02/2016 10:00

23 February 2016

                   XP Power Limited ("XP" or the "Company")                    

                               Grant of options                                

XP announces that on 23 February 2016, certain Directors of the Company were
awarded options over ordinary shares of 1p each in the Company ("Ordinary
Shares"), under the Company's Share Option Plan, as detailed below.

Director            Number of Ordinary  Exercise price per    Total number of  
                     Shares over which         share         shares over which 
                      options granted                          options held    
                                                                 following     
                                                               notification    
                                                                               
Mike Laver                25,000              £15.425             100,000      
                                                                               
Duncan Penny              50,000              £15.425             125,000      
                                                                               
Jonathan Rhodes           20,000              £15.425             40,000       
                                                                               
Andy Sng                  10,000              £15.425             60,000       

The above options will vest 50% on the third anniversary from the date of grant
and 50% on the fourth anniversary from the date of grant.  The vesting of these
options is subject to XP's Total Shareholder Return ("TSR") relative to the
FTSE350 Electronic and Electrical Equipment Sector as set out in the following
table:

TSR relative to the FTSE Electronic and          Percentage of award that   
Electrical Equipment Sector                      vests                      
                                                                            
Top 20th percentile                              100%                       
                                                                            
Median                                           25%                        
                                                                            
Between the median and the Top 20th percentile   25% to 100%                
vesting is on a straight line basis between 25%                             
to 100%                                                                     
                                                                            
Below median                                     Nil                        

Malus and clawback provisions are also in place to reduce or recover the awards
for criteria such as any material misstatement of the financial statements, a
major environmental event, a breach of the Company's code of ethics, or a
serious health and safety issue.

                                    -Ends-                                     

Enquiries:

XP Power 

Duncan Penny, Chief Executive Officer  +44 (0)118 976 5086

Jonathan Rhodes, Finance Director        +44 (0)118 976 5074

Citigate Dewe Rogerson                       +44 (0)20 7638 9571

Kevin Smith/Jos Bieneman



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