11th Oct 2012 09:27
11 October 2012 XP PowerLimited ("XP" or the "Company") Grant of options
XP Power Limited announces that on 10 October 2012, certain Directors of the Company were awarded options over ordinary shares of 1p each in the Company ("Ordinary Shares"), under the Company's Share Option Plan, as detailed below.
Director Number of Ordinary Exercise priceper Total number of Shares over which share shares over which options granted options held following notification Mike Laver 75,000 £9.46 75,000 Duncan Penny 75,000 £9.46 75,000 Jonathan Rhodes 20,000 £9.46 20,000 Andy Sng 20,000 £9.46 70,000
The above options will vest on the fourth anniversary from the date of grant. The vesting of these options is subject to XP's Total Shareholder Return ("TSR") relative to the FTSE350 Electronic and Electrical Equipment Sector as set out in the following table:
TSR relative to the FTSE Electronic and Electrical Percentage of award Equipment Sector that vests Top 20th percentile 100% Median 25% Below median Nil Enquiries:XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086
Jonathan Rhodes, Finance Director +44 (0)118 976 5074
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
XLONRelated Shares:
Xp Power