HSBC - Dealings Disclosure - XP Power Limited

PROPOSED ACQUISITION OF XP POWER LIMITED

DEALINGS DISCLOSURE

  1. INTRODUCTION 

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC") refers to the non-binding cash proposal (the "Proposal") by Advanced Energy Industries, Inc. (the "Offeror") to acquire the entire share capital of XP Power Limited (the "Company") for a cash consideration of £19.50 per share, as announced on 21 May 2024 (the "Announcement").

As stated in the Announcement, HSBC, together with J. P. Morgan Securities Asia Private Limited, are the joint financial advisers to the Offeror in respect of the Proposal.

All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement. 

  1. DISCLOSURE OF DEALINGS

Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, HSBC wishes to announce the dealings by its associates in the relevant securities of the Company on 18 June 2024, details of which are set out in the Schedule hereto.

Issued by  The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch

19 June 2024

Schedule

Dealings in XP Power Limited shares

Date of Dealing Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller Description of Security Nature of Transaction Number of Shares / Units Price(SGD) Highest andLowest PricesPaid or Received (SGD) Total Amount [Paid] / [Received](SGD) Resultant Total of EquivalentShares / Units ownedor controlled bythe associate and byinvestmentaccounts underthe discretionary management of the associate % ofResultantTotal ofEquivalent Shares / Units
BUY / SELL Product Type Nature of Dealing Highest Lowest
18-Jun-2024 Global Markets of HSBC Bank plc XP Power Limited Sell Equity Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders 39,122 22.49 22.56 22.47 879,853.78 N/A N/A

Dealings in Derivatives

Date of Dealing Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller Description of Security Nature of Transaction Number of shares to which the Derivatives relate Maturity [Date]/ [Period] Closing Out Date (if applicable) Reference Price (SGD) Total Amount [Paid] / [Received](SGD)
BUY / SELL Product Type Nature of Dealing
18-Jun-2024 Global Markets of HSBC Bank plc XP Power Limited Buy Equity Swap Closing / flattening / unwinding of proprietary positions arising from unsolicited client-driven dealings.  I confirm this was done no later than the close of the morning trading session on the trading day following the originating client-driven dealing 39,122 08-Feb-2028 18-Jun-2024 22.5 880,245