FT Markets Data
XP Power Ltd

Public Disclosure Dealing Rule 12.1 Singapore TKO

Source: RNS
RNS Number : 1433S
J.P. Morgan Securities Asia Private
12 June 2024
 

PROPOSED ACQUISITION OF XP POWER LIMITED

 

DEALINGS DISCLOSURE

 

1.         INTRODUCTION 

J. P. Morgan Securities Asia Private Limited ("JPM") refers to the non-binding cash proposal (the "Proposal") by Advanced Energy Industries, Inc. (the "Offeror"), to acquire the entire share capital of XP Power Limited (the "Company") for a cash consideration of £19.50 per share, as announced on 21 May 2024 (the "Announcement").

As stated in the Announcement, JPM, together with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, are the joint financial advisers to the Offeror in respect of the Proposal.

All capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement. 

2.         DISCLOSURE OF DEALINGS

Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers (the "Code") and the Practice Statement on the Exemption of Connected Fund Managers and Principal Traders under the Code, JPM wishes to announce the dealings by its associates in the relevant securities of the Company on 11 June 2024, details of which are set out in the Schedule hereto.

 

Issued by 

J. P. Morgan Securities Asia Private Limited

 

12 June 2024

Singapore


Schedule

 

For Dealings in shares in the Company

 

Date of Dealing

Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller

Description of Security

Nature of Transaction

 Number of Shares

 Price (GBP)

Highest and Lowest Prices Paid or Received (GBP)

Total Amount (Paid)/
(Received)
(GBP)

Resultant Total of Equivalent
shares owned
or controlled by
the associate

% of Resultant Total of Equivalent shares




Buy/Sell

Product Type

Nature of Dealing   



Highest

Lowest




11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Riskless Principal

                                          45

                         15.84

                           15.84

                        15.58

                                 712.80

                           79,254

0.33%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Riskless Principal

                                          58

                         15.58

                           15.84

                        15.58

                                 903.64

                           79,312

0.33%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Riskless Principal

                                       120

                         15.56

                           15.84

                        15.58

                            1,867.20

                           79,432

0.34%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

Riskless Principal

                                     (223)

                         15.62

                           15.62

                        15.62

                            3,483.99

                           79,209

0.33%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Swap Hedge

                                       781

                         15.61

                           15.61

                        15.61

                         12,193.84

                           79,990

0.34%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Swap Hedge

                                  1,756

                         15.51

                           15.51

                        15.51

                         27,231.61

                           81,746

0.35%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Swap Hedge

                                          41

                         15.56

                           15.56

                        15.56

                                 637.96

                           81,787

0.35%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Swap Hedge

                                       179

                         15.56

                           15.56

                        15.56

                            2,785.24

                           81,966

0.35%

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Buy

Common Shares

Swap Hedge

                                          88

                         15.64

                           15.64

                        15.64

                            1,376.32

                           82,054

0.35%

 

 

 

 

 

 

 

 

 

 

For Dealings in Derivatives

 

 

Date of Dealing

Name of Relevant Entity and (if different) name of the ultimate beneficial owner or controller

Description of Security

Nature of Transaction

 Number of  Shares to which the Derivatives relate  

 Maturity (Date)/ (Period)

Closing Out Date (if applicable)

 Reference Price (GBP) 

 Total Amount (Paid)/
(Received)
(GBP) 




Buy/Sell

Product Type

Nature of Dealing   






11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                        (88)

2-Nov-28

-

                        15.64

                            1,376.32

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                        (13)

31-Jul-24

-

                        15.61

                                 202.97

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                        (55)

31-Jul-24

-

                        15.61

                                 858.72

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                     (113)

31-Jul-24

-

                        15.61

                            1,764.28

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                     (600)

31-Jul-24

-

                        15.61

                            9,367.87

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                     (125)

2-Jul-25

-

                        15.56

                            1,945.15

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                        (19)

2-Jul-25

-

                        15.56

                                 295.66

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                (1,756)

2-Jul-25

-

                        15.51

                         27,231.61

11-Jun-24

J.P. MORGAN SECURITIES PLC (dealing as principal)

XP Power Limited

Sell

Common Shares

 Swap

                                        (76)

2-Jul-25

-

                        15.56

                            1,182.65

 

 

 

 

 

 

 

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