XP Power Ltd Director/PDMR Shareholding
June 21 2017 - 2:00AM
UK Regulatory
TIDMXPP
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 Shareholding Shareholding post Shareholding
prior to sale (XP prior to sale (% sale (XP Power post sale (%
Power shares) ISC) shares) 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 41,000 0.2% 30,000 0.2%
Kok
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/ Initial notification
Amendment
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 Ordinary shares of GBP0.01 each
Financial Instrument
(b) Identification code SG9999003735
of the Financial
Instrument
(c) Nature of the Sale of shares
transaction
(d) Price(s) and volume Price(s) Volume(s)
(s)
2,400.00p 400,000
(e) Aggregated N/A
information
-
Aggregated volume
- Price
(f) Date of the 20 June 2017
transaction
(g) Place of the London Stock Exchange
transaction
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/ Initial notification
Amendment
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 Ordinary shares of GBP0.01 each
Financial Instrument
(b) Identification code SG9999003735
of the Financial
Instrument
(c) Nature of the Sale of shares
transaction
(d) Price(s) and volume Price(s) Volume(s)
(s)
2,400.00p 120,000
(e) Aggregated N/A
information
-
Aggregated volume
- Price
(f) Date of the 20 June 2017
transaction
(g) Place of the London Stock Exchange
transaction
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/ Initial notification
Amendment
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 Ordinary shares of GBP0.01 each
Financial Instrument
(b) Identification code SG9999003735
of the Financial
Instrument
(c) Nature of the Sale of shares
transaction
(d) Price(s) and volume Price(s) Volume(s)
(s)
2,400.00p 71,994
(e) Aggregated N/A
information
-
Aggregated volume
- Price
(f) Date of the 20 June 2017
transaction
(g) Place of the London Stock Exchange
transaction
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/ Initial notification
Amendment
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 Ordinary shares of GBP0.01 each
Financial Instrument
(b) Identification code SG9999003735
of the Financial
Instrument
(c) Nature of the Sale of shares
transaction
(d) Price(s) and volume Price(s) Volume(s)
(s)
2,400.00p 11,000
(e) Aggregated N/A
information
-
Aggregated volume
- Price
(f) Date of the 20 June 2017
transaction
(g) Place of the London Stock Exchange
transaction
Enquiries:
XP Power Tel: +44 (0)118 976 5074
Duncan Penny, Chief Executive
Jonathan Rhodes, Finance Director
Investec Bank plc Tel: +44 (0)20 7597 5970
Keith Anderson / Carlton Nelson / Rob Baker
Citigate Dewe Rogerson Tel: +44 (0)20 3727 1000
Kevin Smith / Jos Bieneman
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.
END
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