REG-XP Power Ltd: Director/PDMR Shareholding

XP PowerAnnouncement

07/05/2019 07:05

The following announcement replaces the 'Director/PDMR Shareholding'
disclosure released on 2 May 2019 at 07.00am.

The only amendments made to the below announcement are to include the
notification of dealing tables for the respective Directors included in the
disclosure. All other information remains unchanged. The amended announcement
is set out in full below:

XP Power Limited

(“XP Power” or the “Company”)

Deferred Bonus Plan – Vesting of 2016 Awards

The Company announces that on 1 May 2019, the following transactions were
undertaken in ordinary shares of the Company in connection with the maturity
of the 2016 Deferred Bonus Plan (“the Plan”). In accordance with the
Company’s Remuneration Policy each director deferred 50% of their 2016
annual cash bonus into options over shares in the Company, with a vesting
period of two years.

 Director      Number of shares under option  Number of shares exercised  Number of shares sold  
                                                                                                 
 Duncan Penny              1,776                         1,776                    1,776          
                                                                                                 
 Andy Sng                   514                           514                      514           

Following the transactions, Mr Penny’s and Mr Sng’s interests in the
Ordinary Shares of the Company totalled 206,990 and 25,000 respectively.

 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 Officer                                                                                                               
 (b)  Initial notification/ Amendment                                    Amendment                                                                                                                             
 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                                          Exercise and sale of options                                                                                                          
 (d)  Price(s) and volume(s)                                             Price(s)                                                           Volume(s)                                                          
                                                                         2,600 pence (sale price)                                           1,776 shares                                                       
                                                                                                                                                                                                               
 (e)  Aggregated information - Aggregated volume - Price                 1,776 ordinary shares (exercised and sold) 2,600p per share (sale price)                                                              
 (f)  Date of the transaction                                            1 May 2019                                                                                                                            
 (g)  Place of the transaction                                           London Stock Exchange                                                                                                                 

   

 1.   Details of the person discharging managerial responsibilities/person closely associated                                                                                                                  
 (a)  Name                                                               Andy Sng                                                                                                                              
 2.   Reason for the notification                                                                                                                                                                              
 (a)  Position/status                                                    Executive Vice President, Asia                                                                                                        
 (b)  Initial notification/ Amendment                                    Amendment                                                                                                                             
 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                                          Exercise and sale of options                                                                                                          
 (d)  Price(s) and volume(s)                                             Price(s)                                                           Volume(s)                                                          
                                                                         2,600 pence (sale price)                                           514 shares                                                         
                                                                                                                                                                                                               
 (e)  Aggregated information - Aggregated volume - Price                 514 ordinary shares (exercised and sold) 2,600p per share (sale price)                                                                
 (f)  Date of the transaction                                            1 May 2019                                                                                                                            
 (g)  Place of the transaction                                           London Stock Exchange                                                                                                                 

Enquiries:

XP Power 

Duncan Penny, Chief Executive Officer  +44 (0)118 976 5155

Gavin Griggs, Chief Financial Officer      +44 (0)118 976 5155

Citigate Dewe Rogerson                      +44 (0)20
7638 9571

Kevin Smith/Jos Bieneman

Note to editors

XP Power designs and manufactures power controllers, 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 typically designs power control solutions into the end products of
major blue-chip OEMs, with a focus on the industrial (circa 44% of sales),
healthcare (circa 22% of sales), semiconductor manufacturing (circa 24% of
sales) and technology (circa 10% of sales) sectors.  Once designed into a
programme, XP Power 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 Power 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 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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