XPP Xp Power Limited

 
TIDMXPP 
 
2 May 2019 
 
                               XP Power Limited 
 
                         ("XP Power" or the "Company") 
 
                 Deferred Bonus Plan - Vesting of 2016 Awards 
 
The Company announces that on 1 May 2019, the following transactions were 
undertaken in ordinary shares of the Company in connection with the maturity of 
the 2016 Deferred Bonus Plan ("the Plan"). In accordance with the Company's 
Remuneration Policy each director deferred 50% of their 2016 annual cash bonus 
into options over shares in the Company, with a vesting period of two years. 
 
Director        Number of shres    Number of shares   Number of shares 
                  under option        exercised             sold 
 
Duncan Penny         1,776              1,776              1,776 
 
Andy Sng              514                514                514 
 
Following the transactions, Mr Penny's and Mr Sng's interests in the Ordinary 
Shares of the Company totalled 206,990 and 25,000 respectively. 
 
Enquiries: 
 
XP Power 
 
Duncan Penny, Chief Executive Officer  +44 (0)118 976 5155 
 
Gavin Griggs, Chief Financial Officer      +44 (0)118 976 5155 
 
Citigate Dewe Rogerson                      +44 (0)20 7638 9571 
 
Kevin Smith/Jos Bieneman 
 
Note to editors 
 
XP Power designs and manufactures power controllers, the essential hardware 
component in every piece of electrical equipment that converts power from the 
electricity grid into the right form for equipment to function. 
 
XP Power typically designs power control solutions into the end products of 
major blue-chip OEMs, with a focus on the industrial (circa 44% of sales), 
healthcare (circa 22% of sales), semiconductor manufacturing (circa 24% of 
sales) and technology (circa 10% of sales) sectors.  Once designed into a 
programme, XP Power 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 Power 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 Power serves a global blue-chip customer base from 29 
locations in Europe, North America and Asia. 
 
For further information, please visit xppower.com 
 
 
 
END 
 

(END) Dow Jones Newswires

May 03, 2019 08:28 ET (12:28 GMT)

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