27 April 2017
XP Power Limited
Director/PDMR Shareholding
XP Power Limited ("the Company") has today been notified that on 24 April 2017 Mr. Michael R Laver, President Global Sales and Marketing, exercised options over 8,475 Ordinary Shares of 1p each in the Company (“Ordinary Shares”) at a price of 507.25p each. On the same day Mr. Laver sold 8,475 Ordinary Shares at a price of 2,495.00 pence. The shares were granted on 26 April 2007 under the Company's Share Option Plan at a price of 507.25p per Ordinary Share with a 10 year term and were therefore due to expire on 25 April 2017.
Following the transaction, Mr. Laver has a beneficial interest in 172,244 Ordinary Shares, representing 0.90% of the issued share capital of the Company.
| 1. |
Details of the person discharging managerial responsibilities/person closely associated |
| (a) |
Name |
Michael R Laver |
| 2. |
Reason for the notification |
| (a) |
Position/status |
President Global Sales and Marketing |
| (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) |
|
|
507.25 pence (exercise price) |
8,475 |
|
|
2,495.00 pence (sale price) |
8,475 |
|
|
|
| (e) |
Aggregated information
- Aggregated volume
- Price |
N/A |
| (f) |
Date of the transaction |
24 April 2017 |
| (g) |
Place of the transaction |
London Stock Exchange |
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086
Jonathan Rhodes, Finance Director +44 (0) 7500 944 614
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman