TR-1:
Standard form for notification of major holdings
1.
Issuer Details
ISIN
SG9999003735
Issuer
Name
XP Power
Ltd
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
06-Oct-2023
6.
Date on which Issuer notified
09-Oct-2023
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
|
Below
5%
|
0.000000
|
Below
5%
|
Below
5%
|
|
Position
of previous notification (if applicable)
|
9.960518
|
0.000000
|
9.960518
|
|
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
|
|
Below
5%
|
|
Below
5%
|
|
Sub Total
8.A
|
Below
5%
|
Below
5%
|
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
|
abrdn
Investments (Holdings) Limited
|
|
|
|
|
abrdn
plc
|
abrdn
Investment Management Limited
|
|
|
|
|
|
|
|
|
|
|
abrdn
plc
|
|
|
|
|
|
abrdn
plc
|
abrdn
Holdings Limited
|
|
|
|
|
abrdn
plc
|
abrdn
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 also reflects the fact that the voting rights
effectively held indirectly by the underlying intermediate holding
company abrdn Investments (Holdings) Limited (“aI(H)L”) and held by
the underlying investment management entity abrdn Investment
Management Limited (“aIML”) decreased below the 5% notifiable
threshold due to trading on 6 October
2023. Prior to this crossing, aI(H)L effectively and aIML
held 6.252180% of the delegated voting rights.
12. Date of
Completion
09-Oct-2023
13. Place Of
Completion
Aberdeen, United Kingdom