XP Power Ltd Director/PDMR Shareholding

 
TIDMXPP 
 
21 June 2017 
 
                               XP Power Limited 
 
                                 ("XP Power") 
 
                         DIRECTOR / PDMR SHAREHOLDING 
 
XP Power, one of the world's leading developers and manufacturers of critical 
power control components to the electronics industry today announces that 
certain persons discharging managerial responsibilities (the "Selling 
Shareholders") have sold an aggregate of 602,994 ordinary shares in the Company 
("Ordinary Shares"), representing approximately 3.1 per cent of the issued 
share capital of XP Power at a price of 2,400 pence per share. The Selling 
Shareholders have no intention to sell further Ordinary Shares in the Company 
in the near future. 
 
Director        Shareholding     Shareholding Shareholding post     Shareholding 
           prior to sale (XP prior to sale (%    sale (XP Power     post sale (% 
               Power shares)             ISC)           shares)             ISC) 
 
James Peters       1,929,279            10.0%         1,529,279             7.9% 
 
Duncan Penny         326,990             1.7%           206,990             1.1% 
 
Michael R Laver      111,494             0.6%            39,500             0.2% 
 
Andy Sng Seng         41,000             0.2%            30,000             0.2% 
Kok 
 
 
 
 
1.    Details of the person discharging managerial responsibilities/person 
      closely associated 
 
(a)   Name                  James Peters 
 
2.    Reason for the notification 
 
(a)   Position/status       Non-Executive Chairman 
 
(b)   Initial notification/ Initial 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 of the    Ordinary shares of GBP0.01 each 
      Financial Instrument 
 
(b)   Identification code   SG9999003735 
      of the Financial 
      Instrument 
 
(c)   Nature of the         Sale of shares 
      transaction 
 
(d)   Price(s) and volume   Price(s)                Volume(s) 
      (s) 
 
                            2,400.00p               400,000 
 
(e)   Aggregated            N/A 
      information 
      - 
      Aggregated volume 
      -             Price 
 
(f)   Date of the           20 June 2017 
      transaction 
 
(g)   Place of the          London Stock Exchange 
      transaction 
 
 
 
1.    Details of the person discharging managerial responsibilities/person 
      closely associated 
 
(a)   Name                  Duncan Penny 
 
2.    Reason for the notification 
 
(a)   Position/status       Chief Executive 
 
(b)   Initial notification/ Initial 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 of the    Ordinary shares of GBP0.01 each 
      Financial Instrument 
 
(b)   Identification code   SG9999003735 
      of the Financial 
      Instrument 
 
(c)   Nature of the         Sale of shares 
      transaction 
 
(d)   Price(s) and volume   Price(s)                Volume(s) 
      (s) 
 
                            2,400.00p               120,000 
 
(e)   Aggregated            N/A 
      information 
      - 
      Aggregated volume 
      -             Price 
 
(f)   Date of the           20 June 2017 
      transaction 
 
(g)   Place of the          London Stock Exchange 
      transaction 
 
 
 
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/ Initial 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 of the    Ordinary shares of GBP0.01 each 
      Financial Instrument 
 
(b)   Identification code   SG9999003735 
      of the Financial 
      Instrument 
 
(c)   Nature of the         Sale of shares 
      transaction 
 
(d)   Price(s) and volume   Price(s)                Volume(s) 
      (s) 
 
                            2,400.00p               71,994 
 
(e)   Aggregated            N/A 
      information 
      - 
      Aggregated volume 
      -             Price 
 
(f)   Date of the           20 June 2017 
      transaction 
 
(g)   Place of the          London Stock Exchange 
      transaction 
 
 
 
1.    Details of the person discharging managerial responsibilities/person 
      closely associated 
 
(a)   Name                  Andy Sng Seng Kok 
 
2.    Reason for the notification 
 
(a)   Position/status       Executive Vice President, Asia 
 
(b)   Initial notification/ Initial 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 of the    Ordinary shares of GBP0.01 each 
      Financial Instrument 
 
(b)   Identification code   SG9999003735 
      of the Financial 
      Instrument 
 
(c)   Nature of the         Sale of shares 
      transaction 
 
(d)   Price(s) and volume   Price(s)                Volume(s) 
      (s) 
 
                            2,400.00p               11,000 
 
(e)   Aggregated            N/A 
      information 
      - 
      Aggregated volume 
      -             Price 
 
(f)   Date of the           20 June 2017 
      transaction 
 
(g)   Place of the          London Stock Exchange 
      transaction 
 
Enquiries: 
 
XP Power                                       Tel: [phone] 
Duncan Penny, Chief Executive 
Jonathan Rhodes, Finance Director 
 
Investec Bank plc                              Tel: [phone] 
Keith Anderson / Carlton Nelson / Rob Baker 
 
Citigate Dewe Rogerson                         Tel: [phone] 
Kevin Smith / Jos Bieneman 
 
Notes to Editors 
 
XP designs and manufactures power controllers, the essential hardware component 
in every piece of electrical equipment that converts the power from the 
electricity grid into the right form for the equipment to function. 
 
XP typically designs in power control solutions into the end products of major 
blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare 
(circa 30% sales) and technology (circa 25% of sales) sectors.  Once designed 
into a program, XP has a revenue annuity over the life cycle of the customer's 
product which is typically 5 to 7 years depending on the industry sector. 
 
XP has invested in research and development and its own manufacturing 
facilities in China and Vietnam, to develop a range of tailored products based 
on its own intellectual property that provide its customers with significantly 
improved functionality and efficiency. 
 
Headquartered in Singapore and listed on the Main Market of the London Stock 
Exchange since 2000, XP serves a global blue chip customer base from 29 
locations in Europe, North America and Asia. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 21, 2017 02:00 ET (06:00 GMT)