02 May 2017
XP Power Limited
Correction - Director/PDMR Shareholding
This announcement relates to the Director/PDMR Shareholding announcement released at 16:35 on 27 April 2017 correcting an error relating to the beneficial interest of Mr. Michael R Laver, President Global Sales and Marketing. The correct beneficial interest is as follows:
Following the transaction in which Mr Laver sold 8,475 Ordinary Shares of 1p each in XP Power Limited on 24 April 2017, Mr. Laver has a beneficial interest in 111,494 Ordinary Shares, representing 0.58% of the issued share capital of the Company.
It had previously been announced that Mr. Michael R Laver had a beneficial interest in 172,244 Ordinary Shares representing 0.90% of the issued share capital of the Company following the transaction. This figure erroneously included 60,750 share options which have vested but have not been exercised.
| 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