XPP.L

XP Power Ltd.
XP Power Ltd - Dealings Disclosure Announcement
14th June 2024, 06:27
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
14 June 2024

XP POWER LIMITED

("XP Power" or the "Company")

DEALINGS DISCLOSURE ANNOUNCEMENT

Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers, the
Company wishes to announce, for and on behalf of EBT and Jay Warner, each of
whom is an associate of the Company, the following dealings in Shares on 13 June
2024 in connection with the Vesting:

+-------+-------------+------------------+------+-------+-----------+-----------
-+
|Date of|Name of      |Nature of Dealing |Number|Dealing|Holding in |Resultant %
|
|Dealing|Associate    |                  |of    |Price  |shares     |of total
|
|       |             |                  |Shares|(GBP   |following  |Shares
|
|       |             |                  |      |£)     |transaction|in issue
|
|       |             |                  |      |       |           |following
|
|       |             |                  |      |       |
|transaction1|
+-------+-------------+------------------+------+-------+-----------+-----------
-+
|13 June|Computershare|Transfer in       |8,414 |£0     |25,828     |0.11
|
|2024   |Trustees     |accordance with   |      |       |           |
|
|       |(Jersey)     |terms of          |      |       |           |
|
|       |Limited -    |the LTIP          |      |       |           |
|
|       |Trustee to   |                  |      |       |           |
|
|       |the EBT      |                  |      |       |           |
|
+-------+-------------+------------------+------+-------+-----------+-----------
-+
|13 June|Jay Warner - |Settlement of RSUs|3,837 |£0     |16,709     |0.07
|
|2024   |President and|following Vesting |      |       |           |
|
|       |Manager of   |in accordance with|      |       |           |
|
|       |subsidiary   |terms of the LTIP |      |       |           |
|
|       |company      |                  |      |       |           |
|
+-------+-------------+------------------+------+-------+-----------+-----------
-+
|13 June|Jay Warner - |Sale to fund the  |1,568 |£15.76 |15,141     |0.06
|
|2024   |President and|tax liability due |      |       |           |
|
|       |Manager of   |following Vesting |      |       |           |
|
|       |subsidiary   |                  |      |       |           |
|
|       |company      |                  |      |       |           |
|
+-------+-------------+------------------+------+-------+-----------+-----------
-+

1The percentage shareholding is computed based on a total of 23,681,754
(excluding treasury shares) as of13Jun 2024 and rounded to the nearest two (2)
decimal places.

RESPONSIBILITY STATEMENT

The Directors (including those who may have delegated detailed supervision of
this announcement) have taken all reasonable care to ensure that the facts
stated and all opinions expressed herein are fair and accurate and that no
material facts have been omitted from this announcement, the omission of which
would make any statement in this announcement misleading, and they jointly and
severally accept responsibility accordingly.

Where any information has been extracted or reproduced from published or
otherwise publicly available sources or obtained from the Offeror (including,
without limitation, any press release), the sole responsibility of the Directors
has been to ensure, through reasonable enquiries, that such information is
accurately extracted from such sources or, as the case may be, accurately
reflected or reproduced herein.

Enquiries:

XP Power
Ruth Cartwright, Company Secretary  +44 (0)118 984 5515

Citigate Dewe Rogerson
Kevin Smith/Lucy Gibbs              +44 (0)207 638 9571

This information was brought to you by Cision http://news.cision.com

TwitterFacebookLinkedIn