Director/PDMR Shareholding

21 June 2017

XP Power Limited

("XP Power")

DIRECTOR / PDMR SHAREHOLDING

XP Power, one of the world’s leading developers and manufacturers of critical power control components to the electronics industry today announces that certain persons discharging managerial responsibilities (the "Selling Shareholders") have sold an aggregate of 602,994 ordinary shares in the Company (“Ordinary Shares”), representing approximately 3.1 per cent of the issued share capital of XP Power at a price of 2,400 pence per share. The Selling Shareholders have no intention to sell further Ordinary Shares in the Company in the near future.

Director	Shareholding prior to sale (XP Power shares)		Shareholding prior to sale (% ISC)	Shareholding post sale (XP Power shares)	Shareholding post sale (% ISC)
James Peters		1,929,279	10.0%	1,529,279	7.9%
Duncan Penny		326,990	1.7%	206,990	1.1%
Michael R Laver		111,494	0.6%	39,500	0.2%
Andy Sng Seng Kok		41,000	0.2%	30,000	0.2%

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	James Peters
2.	Reason for the notification
(a)	Position/status	Non-Executive Chairman
(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	Sale of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		2,400.00p	400,000
(e)	Aggregated information -             Aggregated volume -             Price	N/A
(f)	Date of the transaction	20 June 2017
(g)	Place of the transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Duncan Penny
2.	Reason for the notification
(a)	Position/status	Chief Executive
(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	Sale of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		2,400.00p	120,000
(e)	Aggregated information -             Aggregated volume -             Price	N/A
(f)	Date of the transaction	20 June 2017
(g)	Place of the transaction	London Stock Exchange

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	Sale of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		2,400.00p	71,994
(e)	Aggregated information -             Aggregated volume -             Price	N/A
(f)	Date of the transaction	20 June 2017
(g)	Place of the transaction	London Stock Exchange

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Andy Sng Seng Kok
2.	Reason for the notification
(a)	Position/status	Executive Vice President, Asia
(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	Sale of shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		2,400.00p	11,000
(e)	Aggregated information -             Aggregated volume -             Price	N/A
(f)	Date of the transaction	20 June 2017
(g)	Place of the transaction	London Stock Exchange

Enquiries:

XP Power Duncan Penny, Chief Executive Jonathan Rhodes, Finance Director	Tel: [phone]
Investec Bank plc Keith Anderson / Carlton Nelson / Rob Baker	Tel: [phone]
Citigate Dewe Rogerson Kevin Smith / Jos Bieneman	Tel: [phone]

Notes to Editors

XP designs and manufactures power controllers, the essential hardware component in every piece of electrical equipment that converts the power from the electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare (circa 30% sales) and technology (circa 25% of sales) sectors.  Once designed into a program, XP has a revenue annuity over the life cycle of the customer’s product which is typically 5 to 7 years depending on the industry sector. 

XP has invested in research and development and its own manufacturing facilities in China and Vietnam, to develop a range of tailored products based on its own intellectual property that provide its customers with significantly improved functionality and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock Exchange since 2000, XP serves a global blue chip customer base from 29 locations in Europe, North America and Asia.