HSBC - Dealings Disclosure - XP Power Limited


(MENAFN- GlobeNewsWire - Nasdaq) P ROPOSED Acquisition OF XP POWER LIMITED

DEALINGS DISCLOSURE

  • INTRODUCTION

    The Hongkong and Shanghai banking Corporation Limited, Singapore Branch (" hsbc ") 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, HSBC, together with J. P. Morgan Securities Asia Private Limited, 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.

  • 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, HSBC wishes to announce the dealings by its associates in the relevant securities of the Company on 06 June 2024 , details of which are set out in the Schedule hereto.

    Issued by
    The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch

    07 June 2024


    Schedule
    Dealings on 06 June 2024

    Dealings in Securities Borrowing and Lending Transactions

  • 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 Securities Date Securities Returned Resultant total number of Securities owned or controlled Resultant percentage of Securities owned or controlled
    BORROW / LEND / RETURN Product Type
    6-Jun-2024 Global Markets of HSBC Bank plc XP Power Limited Return Equity 58,526 6-Jun-2024 14,539 0.061

    MENAFN07062024004107003653ID1108308404


    GlobeNewsWire - Nasdaq

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.