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Singapore, 534054
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19 March 2026
XP Power Limited
("XP Power" or "the Company")
Annual Financial Report and Notice of Annual General Meeting
XP Power announced its Annual Results for the year ended 31 December 2025 (the "Annual Results Announcement") on 3 March 2026. Further to the Annual Results Announcement, the Company is pleased to confirm that it has today published and (where applicable) posted to shareholders the Annual Report and Accounts for the year ended 31 December 2025 (the "2025 Annual Report"), and the Notice of the 2026 Annual General Meeting (the "AGM Notice").
In compliance with DTR 6.3.5(3)R, the 2025 Annual Report and AGM Notice are available to view on the Company's investors' website at https://corporate.xppower.com
In accordance with UK Listing Rule 6.4.1 a copy of each of these documents has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Enquiries:
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XP Power |
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Ruth Cartwright, Company Secretary |
+44 (0)118 984 5515 |
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The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
11 March 2026
XP Power Limited
(“XP Power” or “the Company”)
Grant of Restricted Share Plan, Long Term Incentive Plan and Deferred Bonus Plan awards
The Company announces that on 10 March 2026, Executive Directors of the Company, Gavin Griggs, Matt Webb and Andy Sng, were awarded nominal priced options over ordinary shares of 1 pence each in the Company (“Ordinary Shares”), under the XP Power Limited Restricted Share Plan 2020 (the “RSPs”) and the XP Power Limited Long Term Incentive Plan 2017 (the “LTIPs”). The RSPs are subject to a five - year vesting period, with no performance conditions attached. The vesting of the LTIPs, after five years, is conditional on meeting performance conditions measured at the end of a three-year period.
Awards were further granted on 10 March 2026 to the Executive Directors of the Company under the XP Power Limited Deferred Bonus Plan 2017 (the “DBP”). These awards relate to the compulsory deferral into share awards of 50% of their earned FY25 bonus, which vest after two years. Full details of the FY25 bonus outcome will be set out in the FY25 Annual Report.
The five-day average of the closing mid-market quotation prior to the date of grant used to calculate the number of options granted under the LTIP, RSP and DBP, was £13.492.
All awards were made in accordance with the approved Directors’ Remuneration Policy.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details.
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Gavin Griggs |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer (PDMR) |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
XP POWER LIMITED |
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b) |
LEI |
213800I7RWQ3FV72EZ26 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each (“Ordinary Shares”)
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b) |
Nature of the transaction |
1) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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2) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years is subject to the achievement of performance conditions assessed at the end of a three - year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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3) |
Grant of nil cost share option award over Ordinary Shares under the XP Power Limited Deferred Bonus Plan 2017. The vesting of the award after two years is not subject to performance conditions. There is no price payable on the grant, vesting or exercise of the option. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
61,789 Nil |
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e) |
Date of the transaction |
10 March 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Matthew Webb |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer (PDMR) |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
XP POWER LIMITED |
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b) |
LEI |
213800I7RWQ3FV72EZ26 |
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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 |
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|
a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of £0.01 each (“Ordinary Shares”)
|
|||||||||
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b) |
Nature of the transaction |
1) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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2) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of performance conditions assessed at the end of a three - year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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3) |
Grant of nil cost share option award over Ordinary Shares under the XP Power Limited Deferred Bonus Plan 2017. The vesting of the award after two years is not subject to performance conditions. There is no price payable on the grant, vesting or exercise of the option. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
45,715 Nil |
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e) |
Date of the transaction |
10 March 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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1 |
Details of the person discharging managerial responsibilities |
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a) |
Name |
Andy Sng |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Vice President, Asia (PDMR) |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
XP POWER LIMITED |
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b) |
LEI |
213800I7RWQ3FV72EZ26 |
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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, type of instrument Identification code |
Ordinary shares of £0.01 each (“Ordinary Shares”)
|
|||||||||
|
b) |
Nature of the transaction |
1) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Restricted Share Plan 2020. The vesting of the award after five years is not subject to performance conditions. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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2) |
Award of nominal value options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017. The potential vesting of the award after five years, is subject to the achievement of performance conditions assessed at the end of a three - year period. There is no price payable on the grant or vesting of the option. On exercise, the option price of £0.01 per share is payable. |
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3) |
Grant of nil cost share option award over Ordinary Shares under the XP Power Limited Deferred Bonus Plan 2017. The vesting of the award after two years is not subject to performance conditions. There is no price payable on the grant, vesting or exercise of the option. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
15,858 Nil |
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e) |
Date of the transaction |
10 March 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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Enquiries:
|
XP Power |
|
|
Ruth Cartwright, Company Secretary |
+44 (0)118 984 5515 |
|
|
|
The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
