TR-1: Standard form for notification
of major holdings
1. Issuer Details
ISIN
SG9999003735
Issuer Name
XP Power Limited
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the
notification obligation
Name
Aggregate of abrdn plc affiliated investment management entities
with delegated voting rights on behalf of multiple managed
portfolios
City of registered office (if
applicable)
Edinburgh
Country of registered office (if
applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if
different from the person(s) subject to the notification
obligation, above
City of registered office (if
applicable)
Country of registered office (if
applicable)
5. Date on which the threshold was
crossed or reached
18-Nov-2021
6. Date on which Issuer notified
19-Nov-2021
7. Total positions of person(s)
subject to the notification obligation
| . |
% of voting rights attached to shares (total of
8.A) |
% of voting rights through financial
instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in
issuer |
| Resulting situation on the date on which threshold
was crossed or reached |
12.978505 |
0.000000 |
12.978505 |
2,548,303 |
| Position of previous notification (if
applicable) |
12.52 |
0.00 |
12.52 |
|
8. Notified details of the resulting
situation on the date on which the threshold was crossed or
reached
8A. Voting rights attached to
shares
| Class/Type of shares ISIN code(if
possible) |
Number of direct voting rights
(DTR5.1) |
Number of indirect voting rights
(DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
| SG9999003735 |
|
2,548,303 |
|
12.978505 |
| Sub Total 8.A |
2,548,303 |
12.978505 |
8B1. Financial Instruments according
to (DTR5.3.1R.(1) (a))
| Type of financial
instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if
the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
| Sub Total 8.B1 |
|
|
|
8B2. Financial Instruments with
similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial
instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|
|
|
|
| Sub Total 8.B2 |
|
|
|
9. Information in relation to the
person subject to the notification obligation
2. Full chain of controlled undertakings through which the
voting rights and/or the financial instruments are effectively held
starting with the ultimate controlling natural person or legal
entities (please add additional rows as necessary)
| Ultimate controlling
person |
Name of controlled undertaking |
% of voting rights if it equals or is higher
than the notifiable threshold |
% of voting rights through financial
instruments if it equals or is higher than the notifiable
threshold |
Total of both if it equals or is higher than
the notifiable threshold |
| abrdn plc |
|
|
|
|
| abrdn plc |
Standard Life Investments (Holdings) Limited |
|
|
|
| abrdn plc |
Standard Life Investments Limited |
9.797769 |
0.000000 |
9.797769 |
|
|
|
|
|
| abrdn plc |
|
|
|
|
| abrdn plc |
Aberdeen Asset Management PLC |
|
|
|
| abrdn plc |
Aberdeen Asset Managers Limited |
|
|
|
|
|
|
|
|
| abrdn plc |
|
|
|
|
| abrdn plc |
Standard Life Investments (Holdings) Limited |
|
|
|
| abrdn plc |
Ignis Asset Management Limited |
|
|
|
| abrdn plc |
Ignis Investment Services Limited |
|
|
|
|
|
|
|
|
| abrdn plc |
|
|
|
|
| abrdn plc |
Aberdeen Asset Management PLC |
|
|
|
| abrdn plc |
Aberdeen Asset Investment Group Limited |
|
|
|
| abrdn plc |
Aberdeen Asset Investments Limited |
|
|
|
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights
held
The date until which the voting rights
will be held
11. Additional Information
In reference to section 9, the shares detailed are managed by
the named discretionary investment management entity within
multiple portfolios on behalf of underlying clients, based on
investment management agreements whereby the client has delegated
the exercise of the voting power to the referenced investment
manager.
This disclosure is to reflect the fact that the voting rights held
indirectly by the underlying investment management entity Standard
Life Investments Limited ("SLIL") decreased below a notifiable
threshold on 18 November 2021 due to
an internal in-specie transfer. SLIL now holds the delegated voting
rights to 9.797769% of the shares in XP Power Limited. Prior to
this crossing, SLIL held 10.394281% of the delegated voting
rights.
12. Date of Completion
19-Nov-2021
13. Place Of Completion
Aberdeen, United Kingdom