24 August
2021
XP Power
Limited
(“XP Power” or
“the Company”)
Director/PDMR
Share Transactions
XP Power, one of the world’s leading developers and
manufacturers of critical power control components to the
electronics industry, announces that it has been notified that on
17 August 2021 Mr. Andy Sng,
Executive Vice President, Asia
exercised options over 855 Ordinary Shares of 1p each in the
Company (“Ordinary Shares”) at a price of £0.01 each. On the same
day, Mr. Sng sold 855 Ordinary Shares at a price of £56.75 each.
The options were granted on 30 May
2017 under the Company's Long-Term Incentive Plan.
The notification below, made in accordance with the requirements
of Article 19 of the EU Market Abuse Regulations, as it forms part
of domestic law by virtue of The European Union (Withdrawal) Act
2018, gives further details.
1 |
Details of the person
discharging managerial responsibilities |
a) |
Name |
Andy Sng |
2 |
Reason for the
notification |
a) |
Position/status |
Executive
Vice President, Asia and Director (PDMR) |
b) |
Initial notification /Amendment |
Initial
Notification |
3 |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
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, type of instrument
Identification code |
Ordinary shares of £0.01 each (“Ordinary Shares”)
SG9999003735 |
b) |
Nature of the transaction |
1) |
Exercise of options granted on 30
May 2017 under the XP Power Limited Long-Term Incentive Plan 2017
(“Award”). |
|
|
2) |
Sale of shares following the
exercise of the Award. |
|
|
|
c) |
Price(s) and
volume(s) |
Price(s) |
Volume(s) |
1) £0.01 |
855 |
2) £56.75 |
855 |
|
d) |
Aggregated
information
- Aggregated volume
- Price |
Aggregated Volume |
Aggregated Prices |
1) 855 |
£8.55 |
2) 855 |
£48,521.25 |
|
e) |
Date of the transaction |
1) and 2) 17
August 2021 |
f) |
Place of the transaction |
1) Outside a
trading venue and 2) XLON |
Enquiries:
XP Power
Gavin Griggs, Chief Executive
Officer
+44 (0)118 976 5155
Oskar Zahn, Chief Financial
Officer
+44 (0)118 976 5155
Citigate Dewe
Rogerson
Kevin Smith/Jos
Bieneman
+44 (0)207 638 9571