REG-XP Power Ltd: Grant of LTIP and RSP awards

XP PowerAnnouncement

01/05/2026 09:30

1 May 2026

XP Power Limited

(“XP Power” or “the Company”)

Grant of Restricted Share Plan and Long Term Incentive Plan awards

The Company announces that on 30 April 2026, Executive Directors of the
Company, Gavin Griggs and Matt Webb, were awarded nominal priced options over
ordinary shares of 1 pence each in the Company (“Ordinary Shares”), under
the XP Power Limited Restricted Share Plan 2020 (the “RSPs”) and the XP
Power Limited Long Term Incentive Plan 2017 (the “LTIPs”). The RSPs are
subject to a five          -          year vesting period, with no performance
conditions attached. The vesting of the LTIPs, after five years, is
conditional on meeting performance conditions measured at the end of a
three-year period.

The five-day average of the closing mid-market quotation prior to the date of
grant used to calculate the number of options granted under the LTIP and RSP,
was £15.66.

These grants represent the additional awards to bring the overall LTIP awards
granted in FY26 up to the levels permitted within the Directors’
Remuneration Policy approved at the 2026 AGM, as disclosed in the Directors
Remuneration Report, with the same vesting conditions as per the awards
granted on 10 March 2026.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, gives further details.

 

 1         Details of the person discharging managerial responsibilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 a)        Name                                                                              Gavin Griggs                                                                                                                                                                                                                                                                                                                                                                                                                               
 2         Reason for the notification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 a)        Position/status                                                                   Chief Executive Officer (PDMR)                                                                                                                                                                                                                                                                                                                                                                                                             
 b)        Initial notification /Amendment                                                   Initial Notification                                                                                                                                                                                                                                                                                                                                                                                                                       
 3         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                                                                                                                                                                                                                                                                                
 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, type of instrument  Identification code  Ordinary shares of £0.01 each (“Ordinary Shares”)                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                              SG9999003735                                                                                                                                                                                                                                                                                                                                                                                                                              
 b)        Nature of the transaction                                                         1)                                                                 Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable.                                       
                                                                                             2)                                                                 Award of nominal value options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years is subject to the achievement of performance conditions assessed at the end of a three - year period. There is no price payable on the grant or vesting of the option. On exercise, the option   
                                                                                                                                                                price of £0.01 per share is payable.                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 Price(s)  Volume(s)                                                                         
 1) Nil    937                                                                               
 2) Nil    7,498                                                                             
 d)        Aggregated information   - Aggregated volume   - Price                            8,435   Nil                                                                                                                                                                                                                                                                                                                                                                                                                                
 e)        Date of the transaction                                                           30 April 2026                                                                                                                                                                                                                                                                                                                                                                                                                              
 f)        Place of the transaction                                                          Outside a trading venue                                                                                                                                                                                                                                                                                                                                                                                                                    

 

 1         Details of the person discharging managerial responsibilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 a)        Name                                                                              Matthew Webb                                                                                                                                                                                                                                                                                                                                                                                                                               
 2         Reason for the notification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 a)        Position/status                                                                   Chief Financial Officer (PDMR)                                                                                                                                                                                                                                                                                                                                                                                                             
 b)        Initial notification /Amendment                                                   Initial Notification                                                                                                                                                                                                                                                                                                                                                                                                                       
 3         Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                                                                                                                                                                                                                                                                                
 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, type of instrument  Identification code  Ordinary shares of £0.01 each (“Ordinary Shares”)                                                                                                                                                                                                                                                                                                                                                                                          
                                                                                              SG9999003735                                                                                                                                                                                                                                                                                                                                                                                                                              
 b)        Nature of the transaction                                                         1)                                                                 Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable.                                       
                                                                                             2)                                                                 Award of nominal value options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of performance conditions assessed at the end of a three - year period. There is no price payable on the grant or vesting of the option. On exercise, the option  
                                                                                                                                                                price of £0.01 per share is payable.                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 c)        Price(s) and volume(s)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 Price(s)  Volume(s)                                                                         
 1) Nil    723                                                                               
 2) Nil    5,787                                                                             
 d)        Aggregated information   - Aggregated volume   - Price                            6,510   Nil                                                                                                                                                                                                                                                                                                                                                                                                                                
 e)        Date of the transaction                                                           30 April 2026                                                                                                                                                                                                                                                                                                                                                                                                                              
 f)        Place of the transaction                                                          Outside a trading venue                                                                                                                                                                                                                                                                                                                                                                                                                    

 

Enquiries:

 XP Power                                                 
 Ruth Cartwright, Company Secretary  +44 (0)118 984 5515  
                                                          

 



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