10 August
2020
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company"), one of the world’s leading
developers and manufacturers of critical power control components
to the electronics industry, has today been notified that on
7 August 2020 Mr. Andy Sng, Executive
Vice President, Asia exercised
options over 854 Ordinary Shares of 1p each in the Company
(“Ordinary Shares”) at a price of £0.01 each. On the same day Mr.
Sng sold 854 Ordinary Shares at a price of £43.0237. The shares
were granted on 30 May 2017 under the
Company's Long-Term Incentive Plan.
The Company further announces that it has been notified that on
7 August 2020 Mr. Sng exercised
nil-cost options over 420 Ordinary Shares granted on 2 March 2018 under the Company’s Deferred Bonus
Plan. On the same day Mr. Sng sold 420 Ordinary Shares at a price
of £43.0237.
Following the transactions, there is no change to Mr. Sng’s
beneficial interest in 24,000 Ordinary Shares, representing 0.1% of
the issued share capital of the Company.
| 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 |
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) |
|
|
£43.0237 |
854 (Long Term Incentive Plan) |
|
|
£43.0237 |
420 (Deferred Bonus Plan) |
|
|
|
| (e) |
Aggregated
information
-
Aggregated volume
- Price |
Aggregate volume – 1,274
Aggregate price - £43.0237 |
| (f) |
Date of the transaction |
7 August
2020 |
| (g) |
Place of the transaction |
London Stock
Exchange |
Enquiries:
XP Power
Duncan Penny, Chief Executive
Officer +44 (0)118 984 5515
Gavin Griggs, Chief Financial
Officer +44 (0)118 984 5515
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman