10th Aug 2020 07:00
XP POWER LTD - Director/PDMR ShareholdingXP POWER LTD - Director/PDMR Shareholding
PR Newswire
London, August 9
10 August 2020
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company"), one of the world’s leading developers and manufacturers of critical power control components to the electronics industry, has today been notified that on 7 August 2020 Mr. Andy Sng, Executive Vice President, Asia exercised options over 854 Ordinary Shares of 1p each in the Company (“Ordinary Shares”) at a price of £0.01 each. On the same day Mr. Sng sold 854 Ordinary Shares at a price of £43.0237. The shares were granted on 30 May 2017 under the Company's Long-Term Incentive Plan.
The Company further announces that it has been notified that on 7 August 2020 Mr. Sng exercised nil-cost options over 420 Ordinary Shares granted on 2 March 2018 under the Company’s Deferred Bonus Plan. On the same day Mr. Sng sold 420 Ordinary Shares at a price of £43.0237.
Following the transactions, there is no change to Mr. Sng’s beneficial interest in 24,000 Ordinary Shares, representing 0.1% of the issued share capital of the Company.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Andy Sng | |
| 2. | Reason for the notification | ||
| (a) | Position/status | Executive Vice President, Asia | |
| (b) | Initial notification/ Amendment | Initial notification | |
| 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 the Financial Instrument | Ordinary shares of £0.01 each | |
| (b) | Identification code of the Financial Instrument | SG9999003735 | |
| (c) | Nature of the transaction | Exercise and sale of options | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £43.0237 | 854 (Long Term Incentive Plan) | ||
| £43.0237 | 420 (Deferred Bonus Plan) | ||
| (e) | Aggregated information - Aggregated volume - Price | Aggregate volume – 1,274 Aggregate price - £43.0237 | |
| (f) | Date of the transaction | 7 August 2020 | |
| (g) | Place of the transaction | London Stock Exchange | |
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 984 5515
Gavin Griggs, Chief Financial Officer +44 (0)118 984 5515
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
Related Shares:
Xp Power