XP Power Ltd Grant of LTIP and RSP awards

 
TIDMXPP 
 
13 May 2021 
 
                   XP Power Limited ("XP" or the "Company") 
 
Grant of Long Term Incentive Plan (LTIP) and Restricted Share Plan (RSP) awards 
 
The Company announces that on 10 May 2021, Oskar Zahn, Chief Financial Officer 
was awarded a nominal priced option over 8,024 ordinary shares of 1p each in 
the Company ("Ordinary Shares") as detailed below, under the XP Power Limited 
Long Term Incentive Plan 2017 (the "LTIP's") approved by shareholders on 19 
April 2017 and restricted shares, under the XP Power Limited Restricted Share 
Plan 2020 (the "RSP's") approved by shareholders on 21 April 2020, over 1,203 
ordinary shares of 1p each in the Company ("Ordinary Shares"). 
 
The vesting of the LTIP's is conditional on meeting performance conditions 
measured over a three-year period as described below. 
 
The RSP award is not subject to performance conditions and will vest three 
years after the date of grant. RSP awards are subject to a two year holding 
period post vesting. 
 
1.     Details of the person discharging managerial responsibilities/person 
       closely associated 
 
(a)    Name             Oskar Zahn 
 
2.     Reason for the notification 
 
(a)    Position/status  Chief Financial Officer 
 
(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 £0.01 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    8,024 
                        price of 1 pence per 
                        Ordinary Share 
 
(e)    Aggregated 
       information      N/A 
       - 
       Aggregated 
       volume 
 
 
       - 
       Price 
 
(f)    Date of the      10 May 2021 
       transaction 
 
(g)    Place of the     n/a 
       transaction 
 
 
 
1.     Details of the person discharging managerial responsibilities/person 
       closely associated 
 
(a)    Name             Oskar Zahn 
 
2.     Reason for the notification 
 
(a)    Position/status  Chief Financial Officer 
 
(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 £0.01 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 Restricted Share Plan 2020 
 
(d)    Price(s) and     Price(s)                  Volume(s) 
       volume(s) 
 
                        Exercisable at nominal    1,203 
                        price of 1 pence per 
                        Ordinary Share 
 
(e)    Aggregated 
       information      N/A 
       - 
       Aggregated 
       volume 
 
 
       - 
       Price 
 
(f)    Date of the      10 May 2021 
       transaction 
 
(g)    Place of the     n/a 
       transaction 
 
                                    -Ends- 
 
Enquiries: 
 
XP Power 
 
Gavin Griggs, Chief Executive Officer                [phone] 
 
Oskar Zahn, Chief Financial Officer                    [phone] 
 
Citigate Dewe Rogerson                                 [phone] 
 
Kevin Smith/Jos Bieneman 
 
 
 
END 
 
 

(END) Dow Jones Newswires

May 13, 2021 02:00 ET (06:00 GMT)