21 June
2017
XP Power
Limited
("XP Power")
DIRECTOR / PDMR
SHAREHOLDING
XP Power, one of the world’s leading developers and
manufacturers of critical power control components to the
electronics industry today announces that certain persons
discharging managerial responsibilities (the "Selling
Shareholders") have sold an aggregate of 602,994 ordinary shares in
the Company (“Ordinary Shares”), representing approximately 3.1 per
cent of the issued share capital of XP Power at a price of
2,400 pence per share. The Selling
Shareholders have no intention to sell further Ordinary Shares in
the Company in the near future.
Director |
Shareholding prior to sale (XP Power shares) |
Shareholding prior to sale (% ISC) |
Shareholding post sale (XP Power shares) |
Shareholding post sale (% ISC) |
James
Peters |
1,929,279 |
10.0% |
1,529,279 |
7.9% |
Duncan
Penny |
326,990 |
1.7% |
206,990 |
1.1% |
Michael R
Laver |
111,494 |
0.6% |
39,500 |
0.2% |
Andy Sng
Seng Kok |
41,000 |
0.2% |
30,000 |
0.2% |
|
|
|
|
|
|
1. |
Details of the person
discharging managerial responsibilities/person closely
associated |
(a) |
Name |
James Peters |
2. |
Reason for the
notification |
(a) |
Position/status |
Non-Executive
Chairman |
(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 |
Sale of shares |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,400.00p |
400,000 |
|
|
|
(e) |
Aggregated
information
-
Aggregated volume
-
Price |
N/A |
(f) |
Date of the transaction |
20 June 2017 |
(g) |
Place of the transaction |
London Stock
Exchange |
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 |
(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 |
Sale of shares |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,400.00p |
120,000 |
|
|
|
(e) |
Aggregated
information
-
Aggregated volume
-
Price |
N/A |
(f) |
Date of the transaction |
20 June 2017 |
(g) |
Place of the transaction |
London Stock
Exchange |
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 |
Sale of shares |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,400.00p |
71,994 |
|
|
|
(e) |
Aggregated
information
-
Aggregated volume
-
Price |
N/A |
(f) |
Date of the transaction |
20 June 2017 |
(g) |
Place of the transaction |
London Stock
Exchange |
1. |
Details of the person
discharging managerial responsibilities/person closely
associated |
(a) |
Name |
Andy Sng Seng Kok |
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 |
Sale of shares |
(d) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
2,400.00p |
11,000 |
|
|
|
(e) |
Aggregated
information
-
Aggregated volume
-
Price |
N/A |
(f) |
Date of the transaction |
20 June 2017 |
(g) |
Place of the transaction |
London Stock
Exchange |
Enquiries:
XP
Power
Duncan Penny, Chief Executive
Jonathan Rhodes, Finance Director |
Tel: +44 (0)118 976
5074 |
Investec Bank plc
Keith Anderson / Carlton Nelson / Rob Baker |
Tel: +44 (0)20 7597
5970 |
Citigate Dewe Rogerson
Kevin Smith / Jos
Bieneman |
Tel: +44 (0)20 3727
1000 |
Notes to Editors
XP designs and manufactures power controllers, the essential
hardware component in every piece of electrical equipment that
converts the power from the electricity grid into the right form
for the equipment to function.
XP typically designs in power control solutions into the end
products of major blue chip OEMs, with a focus on the industrial
(circa 45% of sales), healthcare (circa 30% sales) and technology
(circa 25% of sales) sectors. Once designed into a program,
XP 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 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 serves a global blue chip customer base from 29 locations in
Europe, North America and Asia.