We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
XP Power Ltd | AQSE:XPP.GB | Aquis Stock Exchange | Ordinary Share | SG9999003735 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-50.00 | -3.51% | 1,375.00 | 1,300.00 | 1,450.00 | 1,425.00 | 1,375.00 | 1,425.00 | 118 | 15:32:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXPP 16 May 2018 XP Power Limited ("XP" or the "Company") Grant of Long Term Incentive Plan (LTIP) awards The Company announces that on 16 May 2018, certain Directors of the Company were awarded a nominal priced option over ordinary shares of 1p each in the Company ("Ordinary Shares") as detailed below, under the XP Power Limited Long Term Incentive Plan 2017 (the "Awards") approved by shareholders on 19 April 2017. Director Number of Ordinary Shares over which awards granted Mike Laver 3,000 Duncan Penny 11,200 Andy Sng 2,000 TOTAL 16,200 The vesting of the Awards is conditional on meeting performance conditions measured over a three-year period as described below, with 50% vesting on the third anniversary of the date the Awards were made and 50% vesting after a further one year deferral period. Performance conditions 1. Earnings per Share Target Up to 50% of the total Awards will vest on the achievement of the following earnings per share ("EPS") compound growth per annum targets for the three financial years ending 31 December 2018, 2019 and 2020 (the "Performance Condition Period") as shown in the following table: EPS compound growth per annum ("EPS Max. No. of Ordinary Shares vesting Target") subject to the EPS Target 6% 12.5% of total LTIP award 12% 50% of total LTIP award Achievement of the EPS Target between 6% and 12% will result in the Awards vesting on a straight-line basis and any entitlement to a fraction of an Ordinary Share shall be rounded down. 1. Total Shareholder Return ("TSR") Target Up to 50% of the total Awards will vest dependent upon the performance of the Company's TSR measured against that of the FTSE250 over the Performance Condition Period. 12.5% of the total LTIP award will vest at median performance with 50% of the total LTIP award vesting at upper quartile performance. Vesting between these points will be measured on a straight-line basis. Malus and clawback provisions are also in place to reduce or recover the Awards for criteria such as any material misstatement of the financial statements, a serious breach of the Company's code of ethics or a serious health and safety issue. 1. Details of the person discharging managerial responsibilities/person closely associated (a) Name Mike Laver Duncan Penny Andy Sng 2. Reason for the notification (a) Position/status Mike Laver - President, Corporate Development Duncan Penny - Chief Executive Andy Sng - Executive Vice President, Asia (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 of Ordinary Shares of GBP0.01 each in the Company the Financial Instrument (b) Identification SG9999003735 code of the Financial Instrument (c) Nature of the Award of options over Ordinary Shares as part of transaction the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the awards are subject to earnings per share and total shareholder return targets (d) Price(s) and Price(s) Volume(s) volume(s) Exercisable at nominal Mike Laver price of 1 pence per 3,000 Ordinary Share Duncan Penny 11,200 Andy Sng 2,000 (e) Aggregated information Mike Laver 3,000 - Duncan Penny 11,200 Aggregated Andy Sng 2,000 volume TOTAL 16,200 Exercisable at nominal price of 1 pence per - Ordinary Share Price (f) Date of the 16 May 2018 transaction (g) Place of the n/a transaction -Ends- Enquiries: XP Power Duncan Penny, Chief Executive Officer +44 (0)118 984 5515 Gavin Griggs, Chief Financial Officerr +44 (0)118 984 5515 Citigate Dewe Rogerson +44 (0)20 7638 9571 Kevin Smith/Jos Bieneman/Sam Stibbs END
(END) Dow Jones Newswires
May 16, 2018 09:23 ET (13:23 GMT)
1 Year XP Power Chart |
1 Month XP Power Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions