5 May 2020
XP Power Limited
(“the Company”)
Total Voting Rights – Shares Issued from Block Listing
The Company announces that the total issued share capital, after the issue of
200,000 new ordinary shares during the month ended 31 March 2020, is
19,442,296 ordinary shares of 1 pence each, with each ordinary share having
one vote. All 200,000 shares have been admitted to trading under the Block
Listing for the XP Employees’ Share Ownership Plan Trust. 7,500 ordinary
shares are held in treasury and do not carry voting rights.
Accordingly, the total number of voting rights in respect of these ordinary
shares is 19,434,796. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their voting rights interest, or a change to that interest,
in the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5515
Gavin Griggs, Chief Financial Officer +44 (0)118 976 5515
Citigate Dewe Rogerson
Kevin Smith/Jos Bieneman +44 (0)20 7638
9571
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 Electronics (circa 45% of
revenue), Healthcare (circa 23% of revenue), Semiconductor Equipment
Manufacturing (circa 19% of revenue) and Technology (circa 13% of revenue)
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 is a constituent of the FTSE 250 Index. 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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