J.P. Morgan Securities Asia Private Public Disclosure Dealing Rule 12.1 Singapore TKO

RNS Number : 1433S

J.P. Morgan Securities Asia Private

12 June 2024

 

PROPOSED ACQUISITION OF XP POWER LIMITED

 

DEALINGS DISCLOSURE

 

1.         INTRODUCTION 

J. P. Morgan Securities Asia Private Limited ("JPM") refers to the non-binding cash proposal (the "Proposal") by Advanced Energy Industries, Inc. (the "Offeror"), to acquire the entire share capital of XP Power Limited (the "Company") for a cash consideration of £19.50 per share, as announced on 21 May 2024 (the "Announcement").

As stated in the Announcement, JPM, together with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, are the joint financial advisers to the Offeror in respect of the Proposal.

All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement. 

2.         DISCLOSURE OF DEALINGS

Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPM wishes to announce the dealings by its associates in the relevant securities of the Company on 11 June 2024, details of which are set out in the Schedule hereto.

 

Issued by 

J. P. Morgan Securities Asia Private Limited

 

12 June 2024

Singapore

Schedule

 

For Dealings in shares in the Company

 

Date of Dealing	Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller	Description of Security	Nature of Transaction			Number of Shares	Price (GBP)	Highest and Lowest Prices Paid or Received (GBP)		Total Amount (Paid)/ (Received) (GBP)	Resultant Total of Equivalent shares owned or controlled by the associate	% of Resultant Total of Equivalent shares
			Buy/Sell	Product Type	Nature of Dealing			Highest	Lowest
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Riskless Principal	45	15.84	15.84	15.58	712.80	79,254	0.33%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Riskless Principal	58	15.58	15.84	15.58	903.64	79,312	0.33%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Riskless Principal	120	15.56	15.84	15.58	1,867.20	79,432	0.34%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Riskless Principal	(223)	15.62	15.62	15.62	3,483.99	79,209	0.33%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Swap Hedge	781	15.61	15.61	15.61	12,193.84	79,990	0.34%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Swap Hedge	1,756	15.51	15.51	15.51	27,231.61	81,746	0.35%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Swap Hedge	41	15.56	15.56	15.56	637.96	81,787	0.35%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Swap Hedge	179	15.56	15.56	15.56	2,785.24	81,966	0.35%
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Buy	Common Shares	Swap Hedge	88	15.64	15.64	15.64	1,376.32	82,054	0.35%

 

 

 

 

 

 

 

 

 

 

For Dealings in Derivatives

 

 

Date of Dealing	Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller	Description of Security	Nature of Transaction			Number of  Shares to which the Derivatives relate	Maturity (Date)/ (Period)	Closing Out Date (if applicable)	Reference Price (GBP)	Total Amount (Paid)/ (Received) (GBP)
			Buy/Sell	Product Type	Nature of Dealing
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(88)	2-Nov-28	-	15.64	1,376.32
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(13)	31-Jul-24	-	15.61	202.97
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(55)	31-Jul-24	-	15.61	858.72
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(113)	31-Jul-24	-	15.61	1,764.28
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(600)	31-Jul-24	-	15.61	9,367.87
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(125)	2-Jul-25	-	15.56	1,945.15
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(19)	2-Jul-25	-	15.56	295.66
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(1,756)	2-Jul-25	-	15.51	27,231.61
11-Jun-24	J.P. MORGAN SECURITIES PLC (dealing as principal)	XP Power Limited	Sell	Common Shares	Swap	(76)	2-Jul-25	-	15.56	1,182.65

 

 

 

 

 

 

 

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