Director Shareholding
2003年12月29日 - 11:41PM
RNSを含む英国規制内ニュース (英語)
RNS Number:6972T
XP Power PLC
29 December 2003
29 December 2003
XP Power plc
("XP" or "the Group")
Notification of interests of directors
XP, one of the world's leading providers of power supply solutions to the
mid-tier of the electronics industry, announces the following share dealings by
directors.
The following directors have purchased shares at a market value of 224p per
share from the Group's Employee Benefit Trust on 29 December 2003.
Name of Number of % of issued Total holding Total percentage holding of
Director shares class following this issued class following this
acquired acquired notification notification
Mike Laver 100,000 0.48% 176,000 0.85%
Duncan Penny 150,000 0.73% 300,000 1.45%
Frank Rene 100,000 0.48% 195,000 0.94%
Steve Robinson 50,000 0.48% 191,000 0.92%
The principal terms relating to these purchases are as follows:
* The trustees of the Group's Employee Benefit Trust offered shares to
the directors named above on 22 December 2003 based on the average mid market
closing prices in the three preceding working days.
* The payment for the shares is deferred until the shares are sold.
* The directors are not able to sell the shares for a period of 4 years
or unless there is a take-over, reconstruction or de-merger of the Group.
* The directors will still be liable for the payment of the shares even
if the market value falls below 224p per share.
* The trustees have the right to re-purchase the shares from the
directors at the lower of market value or 224p per share if the director
leaves the Group within 4 years.
The Group considers that the above arrangement aligns the interests of the
directors with those of the shareholders without diluting shareholders as option
arrangements would.
- ends -
Enquiries:
XP Power plc 0118 984 5515
Larry Tracey, Executive Chairman
James Peters, Deputy Chairman
Duncan Penny, Chief Executive Officer
Weber Shandwick Square Mile 020 7067 0700
Kevin Smith or Sally Lewis
Notes to editors:
XP Power plc, formerly IFX Power plc, provides power supply solutions to the
mid-tier market of the electronics industry.
All electronic equipment needs a power supply. Power supplies convert the
incoming AC supply into various levels of DC voltages to drive electronic
components and sub-assemblies within the end user's equipment. By servicing this
market XP Power provides investors with access to technology and industrial
markets through its 8,000 strong customers in the profitable, high margin,
mid-tier sector of the North American and European markets.
The mid-tier of the market is highly fragmented and made up of a large number of
small to medium sized Original Equipment Manufacturers who source standard and
modified standard power supplies from several hundred power supply companies.
For further information, please visit www.xppower.com
This information is provided by RNS
The company news service from the London Stock Exchange
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