Grant of LTIP awards

RNS Number : 8997W

XP Power Limited

20 November 2017

XP Power Limited ("XP" or the "Company")

Grant of Long Term Incentive Plan (LTIP) awards

The Company announces that on 17 November 2017, Gavin Griggs, Chief Financial Officer was awarded a nominal priced option over 8,000 ordinary shares of 1p each in the Company ("Ordinary Shares"), under the XP Power Limited Long Term Incentive Plan 2017 (the "Award").

The vesting of the Award is conditional on meeting challenging performance conditions measured over a three-year period as described in the Company's 2016 Annual Report, with 50% vesting on the third anniversary of the date the Award was made and 50% vesting after a further one year deferral period.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Gavin Griggs
2.	Reason for the notification
(a)	Position/status	Gavin Griggs - Chief Financial Officer
(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 in the Company
(b)	Identification code of the Financial Instrument	SG9999003735
(c)	Nature of the transaction	Award of options over Ordinary Shares as part of the XP Power Limited Long Term Incentive Plan 2017.
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		Exercisable at nominal price of 1 pence per Ordinary Share	8,000


(e)	Aggregated information - Aggregated volume - Price	TOTAL 8,000 Exercisable at nominal price of 1 pence per Ordinary Share
(f)	Date of the transaction	17 November 2017
(g)	Place of the transaction	n/a