Business
Placing and Exercise of Options
Placing and Exercise of Options.
About this update from Xp Power Ltd.
[{"type":"text","content":"\n \nRNS Number : 0846J XP Power Limited 24 June 2011 \n \n\n24 June 2011\n \nXP Power Limited \n(\"XP Power\" or \"the Company\")\n \nPlacing and Exercise of Options\n \n \nThe Board of XP Power announces that 1,938,662 Ordinary Shares of 1 pence each in the Company (\"Ordinary Shares) held by certain XP Power Directors have today been placed by Investec with institutional shareholders at a price of 1525 pence per share (\"the Placing\"). The Board also announces that certain Directors have exercised options as set out in the table below pursuant to the Company's Share Option Plan. \n \nThe number of shares being sold and options being exercised by the respective Directors and their resultant holdings in the issued share capital of XP Power are as follows: \n \n\n\n\n\nDirector\n\n\nNumber of Options Exercised\n\n\nExercise Price (per share)\n\n\nNumber of Ordinary Shares Sold\n\n\nResultant Number of Shares Held\n\n\nResultant % of Shares Held\n\n\n\n\nLarry Tracey\n\n\n \n\n\n\n\n\n 1,146,019 \n\n\n 1,532,838 \n\n\n7.97%\n\n\n\n\nJames Peters\n\n\n\n\n\n\n\n\n 478,025 \n\n\n 2,221,754 \n\n\n11.55%\n\n\n\n\nDuncan Penny\n\n\n25,000\n\n\n342.5p\n\n\n 198,010 \n\n\n 326,990 \n\n\n1.70%\n\n\n\n\nMike Laver\n\n\n24,000\n\n\n342.5p\n\n\n 82,006 \n\n\n 136,494 \n\n\n0.71%\n\n\n\n\nMickey Lynch\n\n\n\n\n\n\n\n\n 34,602 \n\n\n 46,398 \n\n\n0.24%\n\n\n\n\nTotal\n\n\n49,000\n\n\n\n\n\n1,938,662\n\n\n4,264,474\n\n\n22.16%\n\n\n\n\n \nThe above Directors have entered into an orderly market agreement whereby they have undertaken to the Company and Investec not to sell or otherwise dispose of their remaining holdings before the anniversary of the date on which the above detailed Ordinary Shares were disposed of, subject to certain exceptions. \n \n \nEnquiries: \n \nXP Power\nLarry Tracey, Executive Chairman +44 (0)7785 387142 \nJames Peters, Deputy Chairman +44 (0)7785 353066 \nDuncan Penny, Chief Executive +65 8322 9520 \n \nInvestec Bank plc +44 (0)20 7597 5000\nKei...