XP Power Ltd Blocklisting

 
TIDMXPP 
 
4 March 2019 
 
                               XP Power Limited 
 
                         ("XP Power" or the "Company") 
 
                           Block Listing Application 
 
XP Power, one of the world's leading developers and manufacturers of critical 
power control components for industrial, healthcare, semiconductor and 
technology markets, announces that an application has been made to the 
Financial Conduct Authority and the London Stock Exchange for the block listing 
of a total of 500,000 ordinary shares of 1 pence each (the "Ordinary Shares"). 
The block listing application relates to Ordinary Shares to be issued from time 
to time pursuant to the exercise of share options under the: 
 
XP EMPLOYEES' SHARE OWNERSHIP PLAN TRUST 
 
When issued, these Ordinary Shares will be credited as fully paid and will rank 
pari passu in all respects with the existing issued Ordinary Shares of the 
Company. It is expected that admission will become effective for the Ordinary 
Shares on 6 March 2019. 
 
Enquiries: 
 
XP Power 
 
Duncan Penny, Chief Executive Officer  [phone] 
 
Gavin Griggs, Chief Financial Officer      [phone] 
 
Citigate Dewe Rogerson 
 
Kevin Smith/Jos Bieneman                    [phone] 
 
Note to editors 
 
XP Power designs and manufactures power controllers, the essential hardware 
component in every piece of electrical equipment that converts power from the 
electricity grid into the right form for equipment to function. 
 
XP Power typically designs power control solutions into the end products of 
major blue-chip OEMs, with a focus on the industrial (circa 43% of sales), 
healthcare (circa 22% of sales), semiconductor manufacturing (circa 24% of 
sales) and technology (circa 11% of sales) sectors.  Once designed into a 
programme, XP Power 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 Power 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 Power serves a global blue-chip customer base from 29 
locations in Europe, North America and Asia. 
 
For further information, please visit xppower.com 
 
 
 
END 
 

(END) Dow Jones Newswires

March 04, 2019 02:00 ET (07:00 GMT)