27 April
2017
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company") has today been notified that on
24 April 2017 Mr. Michael R Laver,
President Global Sales and Marketing, exercised options over 8,475
Ordinary Shares of 1p each in the Company (“Ordinary Shares”) at a
price of 507.25p each. On the same day Mr. Laver sold 8,475
Ordinary Shares at a price of 2,495.00
pence. The shares were granted on 26
April 2007 under the Company's Share Option Plan at a price
of 507.25p per Ordinary Share with a 10 year term and were
therefore due to expire on 25 April
2017.
Following the transaction, Mr. Laver has a beneficial interest
in 172,244 Ordinary Shares, representing 0.90% of the issued share
capital of the Company.
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 |
Exercise
and sale of options |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
507.25 pence (exercise price) |
8,475 |
|
|
2,495.00 pence (sale price) |
8,475 |
|
|
|
(e) |
Aggregated
information
-
Aggregated volume
- Price |
N/A |
(f) |
Date of the transaction |
24 April 2017 |
(g) |
Place of the transaction |
London Stock
Exchange |
Enquiries:
XP Power
Duncan Penny, Chief Executive
Officer +44 (0)118 976 5086
Jonathan Rhodes, Finance Director
+44 (0) 7500 944 614
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman