REG-XP Power Ltd: Director/PDMR Shareholding <Origin Href="QuoteRef">XPP.L</Origin>
21/06/2017 07:05
21 June 2017
XP Power Limited
("XP Power")
DIRECTOR / PDMR SHAREHOLDING
XP Power, one of the world’s leading developers and manufacturers of
critical power control components to the electronics industry today announces
that certain persons discharging managerial responsibilities (the "Selling
Shareholders") have sold an aggregate of 602,994 ordinary shares in the
Company (“Ordinary Shares”), representing approximately 3.1 per cent of
the issued share capital of XP Power at a price of 2,400 pence per share. The
Selling Shareholders have no intention to sell further Ordinary Shares in the
Company in the near future.
Director Shareholding prior to sale (XP Power shares) Shareholding prior to sale (% ISC) Shareholding post sale (XP Power shares) Shareholding post sale (% ISC)
James Peters 1,929,279 10.0% 1,529,279 7.9%
Duncan Penny 326,990 1.7% 206,990 1.1%
Michael R Laver 111,494 0.6% 39,500 0.2%
Andy Sng Seng Kok 41,000 0.2% 30,000 0.2%
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name James Peters
2. Reason for the notification
(a) Position/status Non-Executive Chairman
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(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
(a) Description of the Financial Instrument Ordinary shares of £0.01 each
(b) Identification code of the Financial Instrument SG9999003735
(c) Nature of the transaction Sale of shares
(d) Price(s) and volume(s) Price(s) Volume(s)
2,400.00p 400,000
(e) Aggregated information - Aggregated volume - Price N/A
(f) Date of the transaction 20 June 2017
(g) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Duncan Penny
2. Reason for the notification
(a) Position/status Chief Executive
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(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
(a) Description of the Financial Instrument Ordinary shares of £0.01 each
(b) Identification code of the Financial Instrument SG9999003735
(c) Nature of the transaction Sale of shares
(d) Price(s) and volume(s) Price(s) Volume(s)
2,400.00p 120,000
(e) Aggregated information - Aggregated volume - Price N/A
(f) Date of the transaction 20 June 2017
(g) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Michael R Laver
2. Reason for the notification
(a) Position/status President Global Sales and Marketing
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(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
(a) Description of the Financial Instrument Ordinary shares of £0.01 each
(b) Identification code of the Financial Instrument SG9999003735
(c) Nature of the transaction Sale of shares
(d) Price(s) and volume(s) Price(s) Volume(s)
2,400.00p 71,994
(e) Aggregated information - Aggregated volume - Price N/A
(f) Date of the transaction 20 June 2017
(g) Place of the transaction London Stock Exchange
1. Details of the person discharging managerial responsibilities/person closely associated
(a) Name Andy Sng Seng Kok
2. Reason for the notification
(a) Position/status Executive Vice President, Asia
(b) Initial notification/ Amendment Initial notification
3. Details of the issuer
(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
(a) Description of the Financial Instrument Ordinary shares of £0.01 each
(b) Identification code of the Financial Instrument SG9999003735
(c) Nature of the transaction Sale of shares
(d) Price(s) and volume(s) Price(s) Volume(s)
2,400.00p 11,000
(e) Aggregated information - Aggregated volume - Price N/A
(f) Date of the transaction 20 June 2017
(g) Place of the transaction London Stock Exchange
Enquiries:
XP Power Duncan Penny, Chief Executive Jonathan Rhodes, Finance Director Tel: +44 (0)118 976 5074
Investec Bank plc Keith Anderson / Carlton Nelson / Rob Baker Tel: +44 (0)20 7597 5970
Citigate Dewe Rogerson Kevin Smith / Jos Bieneman Tel: +44 (0)20 3727 1000
Notes to Editors
XP designs and manufactures power controllers, the essential hardware
component in every piece of electrical equipment that converts the power from
the electricity grid into the right form for the equipment to function.
XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 45% of sales),
healthcare (circa 30% sales) and technology (circa 25% of sales) sectors.
Once designed into a program, XP has a revenue annuity over the life cycle of
the customer’s product which is typically 5 to 7 years depending on the
industry sector.
XP has invested in research and development and its own manufacturing
facilities in China and Vietnam, 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 serves a global blue chip customer base from 29
locations in Europe, North America and Asia.
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