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5 Jun 2020 14:32
XP POWER LTD - Director/PDMR ShareholdingXP POWER LTD - Director/PDMR Shareholding
PR Newswire
London, June 5
5 June 2020
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company"), one of the world’s leading developers and manufacturers of critical power control components to the electronics industry, has today been notified that on 4 June 2020 Mr. Andy Sng, Executive Vice President, Asia exercised options over 7,900 Ordinary Shares of 1p each in the Company (“Ordinary Shares”) at a price of £15.425 each. On the same day Mr. Sng sold 7,900 Ordinary Shares at a price of £35.57. The shares were granted on 23 February 2016 under the Company's Share Option Plan.
Following the transaction, there is no change to Mr. Sng’s beneficial interest in 24,000 Ordinary Shares, representing 0.1% of the issued share capital of the Company.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Andy Sng | |
| 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 | Exercise and sale of options | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £15.425 (exercise price) | 7,900 | ||
| £35.57 (sale price) | 7,900 | ||
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 4 June 2020 | |
| (g) | Place of the transaction | London Stock Exchange | |
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 984 5515
Gavin Griggs, Chief Financial Officer +44 (0)118 984 5515
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
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