XP Power Ltd - Grant of LTIP, RSP and DBP awards

6 March 2025 XP Power Limited ("XP Power" or "the Company") Grant of Restricted Share Plan, Long Term Incentive Plan and Deferred Bonus Plan awards The Company announces that on 5 March 2025, Executive Directors of the Company, Gavin Griggs, Matt Webb and Andy Sng, were awarded nominal priced options over ordinary shares of 1pence 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. Awards were further granted on 5 March 2025 to the Executive Directors of the Company under the XP Power Limited Deferred Bonus Plan 2017 (the "DBP"). These awards relate to the compulsory deferral into share awards of 50% of their earned FY24 bonus, which vest after two years. Full details of the FY24 bonus outcome will be set out in the FY24 Annual Report. The closing mid-market quotation on the day prior to the date of grant used to calculate the number of options granted under the LTIP, RSP and DBP, was £9.70. All awards were made in accordance with the approved Directors' Remuneration Policy. The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, gives further details. +--+----------------------------+--+------------------------+ |1 |Details of the person | | |discharging managerial | | |responsibilities | +--+----------------------------+--+------------------------+ |a)|Name |Gavin Griggs | +--+----------------------------+--+------------------------+ |2 |Reason for the notification | +--+----------------------------+--+------------------------+ |a)|Position/status |Chief Executive | | | |Officer (PDMR) | +--+----------------------------+--+------------------------+ |b)|Initial notification |Initial Notification | | |/Amendment | | +--+----------------------------+--+------------------------+ |3 |Details of the issuer, | | |emission allowance market | | |participant, auction | | |platform, auctioneer or | | |auction monitor | +--+----------------------------+--+------------------------+ |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|Ordinary shares of | | |instrument, type of |£0.01 each | | |instrument |("Ordinary Shares") | | | | | | |Identification code |SG9999003735 | +--+----------------------------+--+------------------------+ |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. | +--+----------------------------+--+------------------------+ | | |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. | +--+----------------------------+--+------------------------+ | | |3)|Grant of nil cost share | | | | |option award over | | | | |Ordinary Shares under | | | | |the XP Power Limited | | | | |Deferred Bonus Plan | | | | |2017. The vesting of the| | | | |award after two years is| | | | |not subject to | | | | |performance conditions. | | | | |There is no price | | | | |payable on the grant, | | | | |vesting or exercise of | | | | |the option. | +--+----------------------------+--+------------------------+ | | | | +--+----------------------------+--+------------------------+ |c)|Price(s) and volume(s) | | | | |+--------+---------+ | | | ||Price(s)|Volume(s)| | | | |+--------+---------+ | | | ||1) Nil |7,345 | | | | |+--------+---------+ | | | ||2) Nil |58,762 | | | | |+--------+---------+ | | | ||3) Nil |21,667 | | | | |+--------+---------+ | +--+----------------------------+--+------------------------+ |d)|Aggregated information |  87,774 | | | | | | |- Aggregated volume |  Nil | | | | | | |- Price | | +--+----------------------------+--+------------------------+ |e)|Date of the transaction |  5 March 2025 | +--+----------------------------+--+------------------------+ |f)|Place of the transaction |  Outside a trading | | | |venue | +--+----------------------------+--+------------------------+ +--+----------------------------+--+------------------------+ |1 |Details of the person | | |discharging managerial | | |responsibilities | +--+----------------------------+--+------------------------+ |a)|Name |Matthew Webb | +--+----------------------------+--+------------------------+ |2 |Reason for the notification | +--+----------------------------+--+------------------------+ |a)|Position/status |Chief Financial | | | |Officer (PDMR) | +--+----------------------------+--+------------------------+ |b)|Initial notification |Initial Notification | | |/Amendment | | +--+----------------------------+--+------------------------+ |3 |Details of the issuer, | | |emission allowance market | | |participant, auction | | |platform, auctioneer or | | |auction monitor | +--+----------------------------+--+------------------------+ |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|Ordinary shares of | | |instrument, type of |£0.01 each | | |instrument |("Ordinary Shares") | | | | | | |Identification code |SG9999003735 | +--+----------------------------+--+------------------------+ |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. | +--+----------------------------+--+------------------------+ | | |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. | +--+----------------------------+--+------------------------+ | | |3)|Grant of nil cost share | | | | |option award over | | | | |Ordinary Shares under | | | | |the XP Power Limited | | | | |Deferred Bonus Plan | | | | |2017. The vesting of the| | | | |award after two years is| | | | |not subject to | | | | |performance conditions. | | | | |There is no price | | | | |payable on the grant, | | | | |vesting or exercise of | | | | |the option. | +--+----------------------------+--+------------------------+ | | | | +--+----------------------------+--+------------------------+ |c)|Price(s) and volume(s) | | | | |+--------+---------+ | | | ||Price(s)|Volume(s)| | | | |+--------+---------+ | | | ||1) Nil |5,670 | | | | |+--------+---------+ | | | ||2) Nil |45,360 | | | | |+--------+---------+ | | | ||3) Nil |13,834 | | | | |+--------+---------+ | +--+----------------------------+--+------------------------+ |d)|Aggregated information |  64,864 | | | | | | |- Aggregated volume |  Nil | | | | | | |- Price | | +--+----------------------------+--+------------------------+ |e)|Date of the transaction |  5 March 2025 | +--+----------------------------+--+------------------------+ |f)|Place of the transaction |  Outside a trading | | | |venue | +--+----------------------------+--+------------------------+ +--+----------------------------+--+------------------------+ |1 |Details of the person | | |discharging managerial | | |responsibilities | +--+----------------------------+--+------------------------+ |a)|Name |Andy Sng | +--+----------------------------+--+------------------------+ |2 |Reason for the notification | +--+----------------------------+--+------------------------+ |a)|Position/status |Executive Vice | | | |President, Asia | | | |(PDMR) | +--+----------------------------+--+------------------------+ |b)|Initial notification |Initial Notification | | |/Amendment | | +--+----------------------------+--+------------------------+ |3 |Details of the issuer, | | |emission allowance market | | |participant, auction | | |platform, auctioneer or | | |auction monitor | +--+----------------------------+--+------------------------+ |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|Ordinary shares of | | |instrument, type of |£0.01 each | | |instrument |("Ordinary Shares") | | | | | | |Identification code |SG9999003735 | +--+----------------------------+--+------------------------+ |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. | +--+----------------------------+--+------------------------+ | | |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. | +--+----------------------------+--+------------------------+ | | |3)|Grant of nil cost share | | | | |option award over | | | | |Ordinary Shares under | | | | |the XP Power Limited | | | | |Deferred Bonus Plan | | | | |2017. The vesting of the| | | | |award after two years is| | | | |not subject to | | | | |performance conditions. | | | | |There is no price | | | | |payable on the grant, | | | | |vesting or exercise of | | | | |the option. | +--+----------------------------+--+------------------------+ | | | | +--+----------------------------+--+------------------------+ |c)|Price(s) and volume(s) | | | | |+--------+---------+ | | | ||Price(s)|Volume(s)| | | | |+--------+---------+ | | | ||1) Nil |2,889 | | | | |+--------+---------+ | | | ||2) Nil |14,449 | | | | |+--------+---------+ | | | ||3) Nil |5,787 | | | | |+--------+---------+ | +--+----------------------------+--+------------------------+ |d)|Aggregated information |23,125 | | | | | | |- Aggregated volume |Nil | | | | | | |- Price | | +--+----------------------------+--+------------------------+ |e)|Date of the transaction |  5 March 2025 | +--+----------------------------+--+------------------------+ |f)|Place of the transaction |  Outside a trading | | | |venue | +--+----------------------------+--+------------------------+ Enquiries: XP Power Ruth Cartwright, Company Secretary +44 (0)118 984 5515 Citigate Dewe Rogerson Kevin Smith/Lucy Gibbs +44 (0)207 638 9571 This information was brought to you by Cision http://news.cision.com

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