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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,425.00 | 1,350.00 | 1,500.00 | 1,425.00 | 1,407.40 | 1,425.00 | 118 | 10:59:35 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXPP 9 March 2022 XP Power Limited ("XP Power" or "the Company") Grant of Long Term Incentive Plan, Restricted Share Plan and Deferred Bonus Plan awards The Company announces that on 8 March 2022, the Executive Directors of the Company were awarded nominal priced options over ordinary shares of 1 pence each in the Company ("Ordinary Shares"), under the XP Power Limited Long Term Incentive Plan 2017 (the "LTIP's") and the XP Power Limited Restricted Share Plan 2020 (the "RSP's"). The vesting of the LTIP's, after five years, is conditional on meeting performance conditions measured over a three-year period (FY22, FY23 and FY24), which will be disclosed in the Annual Report and Accounts 2021 (the "FY21 Annual Report"). The RSP's are subject to a five year vesting period, with no performance conditions attached. Awards were further granted on 8 March 2022 to the Executive Directors of the Company under the XP Power Deferred Bonus Plan. These awards relate to the compulsory deferral of 50% of their FY21 bonus earned as a director into share awards, which vest after two years. Full details of the FY21 bonus outcome will be set out in the FY21 Annual Report. The closing mid-market quotation on 7 March 2022, used to calculate the number of options granted under the LTIP, RSP and Deferred Bonus Plan, was £36.00. All awards were made in accordance with the approved Directors' Remuneration Policy. The notification below, made in accordance with the requirements of Article 19 of the EU Market Abuse Regulations, as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018, gives further details. 1 Details of the person discharging managerial responsibilities a) Name Gavin Griggs 2 Reason for the notification a) Position/status Chief Executive Officer (PDMR) b) Initial notification / Initial Notification Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 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 £0.01 each ("Ordinary financial instrument, Shares") type of instrument SG9999003735 Identification code b) Nature of the 1) Award of nominal value options over transaction Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of earnings per share and total shareholder return targets measured over a three year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 2) Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 3) Grant of nil cost share option award over Ordinary Shares under the XP Power Limited Deferred Share Bonus Plan, which vests after two years. c) Price(s) and volume(s) Price(s) Volume(s) 1) Nil 15,277 2) Nil 1,909 3) Nil 6,371 d) Aggregated information - Aggregated volume 23,557 - Price Nil e) Date of the transaction 8 March 2022 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities a) Name Oskar Zahn 2 Reason for the notification a) Position/status Chief Financial Officer (PDMR) b) Initial notification / Initial Notification Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 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 £0.01 each ("Ordinary financial instrument, Shares") type of instrument SG9999003735 Identification code b) Nature of the 1) Award of nominal value options over transaction Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of earnings per share and total shareholder return targets measured over a three year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 2) Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 3) Grant of nil cost share option award over Ordinary Shares under the XP Power Limited Deferred Share Bonus Plan, which vests after two years. c) Price(s) and volume(s) Price(s) Volume(s) 1) Nil 11,555 2) Nil 1,444 3) Nil 2,529 d) Aggregated information - Aggregated volume 15,528 - Price Nil e) Date of the transaction 8 March 2022 f) Place of the transaction Outside a trading venue 1 Details of the person discharging managerial responsibilities a) Name Andy Sng 2 Reason for the notification a) Position/status Executive Vice President, Asia and Director (PDMR) b) Initial notification / Initial Notification Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 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 £0.01 each ("Ordinary financial instrument, Shares") type of instrument SG9999003735 Identification code b) Nature of the 1) Award of nominal value options over transaction Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of earnings per share and total shareholder return targets measured over a three year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 2) Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions.
There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. 3) Award of nil cost share options over Ordinary Shares under the XP Power Limited Deferred Bonus Plan, which vests after two years. c) Price(s) and volume(s) Price(s) Volume(s) 1) Nil 3,639 2) Nil 727 3) Nil 1,460 d) Aggregated information - Aggregated volume 5,826 - Price Nil e) Date of the transaction 8 March 2022 f) Place of the transaction Outside a trading venue Enquiries: XP Power Gavin Griggs, Chief Executive Officer +44 (0)118 976 5155 Oskar Zahn, Chief Financial Officer +44 (0)118 976 5155 Citigate Dewe Rogerson Kevin Smith/Jos Bieneman +44 (0)207 638 9571 END
(END) Dow Jones Newswires
March 09, 2022 04:44 ET (09:44 GMT)
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