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4 Apr 2022 16:16
XP POWER LTD - Director/PDMR ShareholdingXP POWER LTD - Director/PDMR Shareholding
PR Newswire
London, April 4
4 April 2022
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 31 March 2022 Mr. Andy Sng, Executive Vice President, Asia, exercised options over 2,107 ordinary shares of 1p each in the Company (“Ordinary Shares”) at a price of £0.01 each, and 3,320 Ordinary Shares at nil cost.
The options were granted on 16 May 2018 and 8 March 2019 under the Company's Long-Term Incentive Plan 2017 and the 1 March 2019 and 4 March 2020 under the Company’s Deferred Bonus 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 16 May 2018 under the XP Power Limited Long-Term Incentive Plan 2017. | ||||||||||
| 2) | Exercise of options granted on 8 March 2019 under the XP Power Limited Long-Term Incentive Plan 2017. | ||||||||||||
| 3) | Exercise of options granted on 1 March 2019 under the XP Power Limited Deferred Bonus Plan | ||||||||||||
| 4) | Exercise of options granted on 4 March 2020 under the XP Power Limited Deferred Bonus Plan | ||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
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| e) | Date of the transaction | 1), 2) 3) and 4) 31 March 2022 | |||||||||||
| f) | Place of the transaction | 1), 2) 3) and 4) Outside a trading venue | |||||||||||
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
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