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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xp Power Limited | LSE:XPP | London | Ordinary Share | SG9999003735 | ORD 1P (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-30.00 | -2.81% | 1,036.00 | 1,042.00 | 1,046.00 | 1,074.00 | 1,042.00 | 1,074.00 | 29,511 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motors And Generators | 316.4M | -9.2M | -0.3885 | -26.92 | 247.71M |
TIDMXPP
RNS Number : 8997W
XP Power Limited
20 November 2017
20 November 2017
XP Power Limited ("XP" or the "Company")
Grant of Long Term Incentive Plan (LTIP) awards
The Company announces that on 17 November 2017, Gavin Griggs, Chief Financial Officer was awarded a nominal priced option over 8,000 ordinary shares of 1p each in the Company ("Ordinary Shares"), under the XP Power Limited Long Term Incentive Plan 2017 (the "Award").
The vesting of the Award is conditional on meeting challenging performance conditions measured over a three-year period as described in the Company's 2016 Annual Report, with 50% vesting on the third anniversary of the date the Award was made and 50% vesting after a further one year deferral period.
1. Details of the person discharging managerial responsibilities/person closely associated --------- ------------------------------------------------------------------------- (a) Name Gavin Griggs --------- ------------------------------ ----------------------------------------- 2. Reason for the notification --------- ------------------------------------------------------------------------- (a) Position/status Gavin Griggs - Chief Financial Officer --------- ------------------------------ ----------------------------------------- (b) Initial Initial notification notification/ Amendment --------- ------------------------------ ----------------------------------------- 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 Ordinary Shares of GBP0.01 each of the Financial in the Company Instrument --------- ------------------------------ ----------------------------------------- (b) Identification SG9999003735 code of the Financial Instrument --------- ------------------------------ ----------------------------------------- (c) Nature of Award of options over Ordinary the transaction Shares as part of the XP Power Limited Long Term Incentive Plan 2017. --------- ------------------------------ ----------------------------------------- (d) Price(s) Price(s) Volume(s) and volume(s) ------------------------ --------------- Exercisable at nominal price of 1 pence per Ordinary Share 8,000 ----------------------------------------------------------------- --------------- (e) Aggregated information * Aggregated volume TOTAL 8,000 Exercisable at nominal price - Price of 1 pence per Ordinary Share --------- ------------------------------ ----------------------------------------- (f) Date of 17 November 2017 the transaction --------- ------------------------------ ----------------------------------------- (g) Place of n/a the transaction --------- ------------------------------ -----------------------------------------
-Ends-
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086 Gavin Griggs, Chief Financial Officer +44 (0)118 976 5154 Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKODKKBDBNDD
(END) Dow Jones Newswires
November 20, 2017 02:00 ET (07:00 GMT)
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