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2 May 2017 16:52
XP POWER LTD - Correction: Director PDMR ShareholdingXP POWER LTD - Correction: Director PDMR Shareholding
PR Newswire
London, May 2
02 May 2017
XP Power Limited
Correction - Director/PDMR Shareholding
This announcement relates to the Director/PDMR Shareholding announcement released at 16:35 on 27 April 2017 correcting an error relating to the beneficial interest of Mr. Michael R Laver, President Global Sales and Marketing. The correct beneficial interest is as follows:
Following the transaction in which Mr Laver sold 8,475 Ordinary Shares of 1p each in XP Power Limited on 24 April 2017, Mr. Laver has a beneficial interest in 111,494 Ordinary Shares, representing 0.58% of the issued share capital of the Company.
It had previously been announced that Mr. Michael R Laver had a beneficial interest in 172,244 Ordinary Shares representing 0.90% of the issued share capital of the Company following the transaction. This figure erroneously included 60,750 share options which have vested but have not been exercised.
| 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
Xp Power (XPP)
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