REG-XP Power Ltd: Holding(s) in Company

XP PowerAnnouncement

12/03/2025 09:30

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

SG9999003735

Issuer Name

XP Power Ltd

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Steel Connect Sub LLC

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

06-Mar-2025

6. Date on which Issuer notified

11-Mar-2025

7. Total positions of person(s) subject to the notification obligation

 .                                                                          % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer  
 Resulting situation on the date on which threshold was crossed or reached  7.571800                                              0.000000                                                                   7.571800                        2114957                                       
 Position of previous notification (if applicable)                                                                                                                                                                                                                                         

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)  
 SG9999003735                                 2114957                                                                               7.571800                                                                    
 Sub Total 8.A                                2114957                                                                               7.571800%                                                                   

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is exercised/converted  % of voting rights  
                                                                                                                                                                                       
 Sub Total 8.B1                                                                                                                                                                        

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights  
                                                                                                                                                      
 Sub Total 8.B2                                                                                                                                       

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher than the notifiable threshold  Total of both if it equals or is higher than the notifiable threshold  
 Warren G. Lichtenstein       Steel Connect Sub LLC           7.571800                                                                                                                                                                              7.571800%                                                              

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Warren G. Lichtenstein: as a result of his direct and indirect holdings of
common units in Steel Partners Holdings L.P. and other trust and proxy
arrangements over common units in Steel Partners Holdings L.P., Mr
Lichtenstein is assumed (for the purpose of DTR5 only) as being the ultimate
controlling person. 

Chain of controlled undertakings:

Steel Partners Holdings GP Inc. (the general partner of Steel Partners
Holdings L.P., the managing member of SPH Group LLC and the manager of SPH
Group Holdings LLC, and 100% owned by Steel Partners Holdings L.P.)

Steel Partners Holdings L.P.

The following entities are directly or indirectly 100% owned by Steel Partners
Holdings L.P. (ignoring holdings of certain of these entities in parent
companies)

SPH Group LLC 
SPH Group Holdings LLC 
Steel Excel Inc. 
Handy & Harman Ltd. 
Handy & Harman Group Ltd. 
Handy & Harman 
Steel Connect LLC 
Steel Connect Sub LLC

12. Date of Completion

11-Mar-2025

13. Place Of Completion

United Kingdom



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved