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27 Apr 2017 16:34
XP POWER LTD - Director/PDMR ShareholdingXP POWER LTD - Director/PDMR Shareholding
PR Newswire
London, April 27
27 April 2017
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company") has today been notified that on 24 April 2017 Mr. Michael R Laver, President Global Sales and Marketing, exercised options over 8,475 Ordinary Shares of 1p each in the Company (“Ordinary Shares”) at a price of 507.25p each. On the same day Mr. Laver sold 8,475 Ordinary Shares at a price of 2,495.00 pence. The shares were granted on 26 April 2007 under the Company's Share Option Plan at a price of 507.25p per Ordinary Share with a 10 year term and were therefore due to expire on 25 April 2017.
Following the transaction, Mr. Laver has a beneficial interest in 172,244 Ordinary Shares, representing 0.90% of the issued share capital of the Company.
| 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 | Exercise and sale of options | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 507.25 pence (exercise price) | 8,475 | ||
| 2,495.00 pence (sale price) | 8,475 | ||
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 24 April 2017 | |
| (g) | Place of the transaction | London Stock Exchange | |
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086
Jonathan Rhodes, Finance Director +44 (0) 7500 944 614
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
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