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#07-01
Singapore, 534054
Latest press releases
1 May 2026
XP Power Limited
(“XP Power” or “the Company”)
Grant of Restricted Share Plan and Long Term Incentive Plan awards
The Company announces that on 30 April 2026, Executive Directors of the Company, Gavin Griggs and Matt Webb, 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.
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 and RSP, was £15.66.
These grants represent the additional awards to bring the overall LTIP awards granted in FY26 up to the levels permitted within the Directors’ Remuneration Policy approved at the 2026 AGM, as disclosed in the Directors Remuneration Report, with the same vesting conditions as per the awards granted on 10 March 2026.
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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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
8,435 Nil |
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e) |
Date of the transaction |
30 April 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
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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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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
6,510 Nil |
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e) |
Date of the transaction |
30 April 2026 |
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f) |
Place of the transaction |
Outside a trading venue |
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Enquiries:
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XP Power |
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Ruth Cartwright, Company Secretary |
+44 (0)118 984 5515 |
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TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
SG9999003735
Issuer Name
XP Power Ltd
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Odyssean Investment Trust PLC
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
30-Apr-2026
6. Date on which Issuer notified
30-Apr-2026
7. Total positions of person(s) subject to the notification obligation
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. |
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
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Resulting situation on the date on which threshold was crossed or reached |
9.453420 |
0.000000 |
9.453420 |
2650000 |
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Position of previous notification (if applicable) |
10.561000 |
0.000000 |
10.561000 |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
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Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
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Ordinary |
2650000 |
0 |
9.453420 |
0.000000 |
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Sub Total 8.A |
2650000 |
9.453420% |
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8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
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Sub Total 8.B1 |
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8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
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Sub Total 8.B2 |
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9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
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Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
30-Apr-2026
13. Place Of Completion
London, UK