HSBC - DEALINGS DISCLOSURE - XP Power Limited
May 22 2024 - 6:24AM
HSBC - DEALINGS DISCLOSURE - XP Power Limited
PROPOSED 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 21 May 2024, details of which are set
out in the Schedule hereto.
Issued by The Hongkong and Shanghai
Banking Corporation Limited, Singapore Branch
22 May 2024
ScheduleDealings on 21
May 2024
Dealings in XP Power Limited
shares
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 / Units |
Price(SGD) |
Highest andLowest PricesPaid or Received (SGD) |
Total Amount [Paid] / [Received](SGD) |
Resultant Total of EquivalentShares / Units ownedor controlled
bythe associate and byinvestmentaccounts underthe discretionary
management of the associate |
% ofResultantTotal ofEquivalent Shares / Units |
BUY / SELL |
Product Type |
Nature of Dealing |
Highest |
Lowest |
21-May-2024 |
Global Markets of HSBC Bank plc |
XP Power Limited |
Sell |
Equity |
Hedging of Delta 1 products created as a result of wholly
unsolicited client-driven orders |
290 |
29.19 |
29.53 |
28.78 |
8,465.10 |
N/A |
N/A |
21-May-2024 |
Global Markets of HSBC Bank plc |
XP Power Limited |
Buy |
Equity |
Hedging of Delta 1 products created as a result of wholly
unsolicited client-driven orders |
19,560 |
29.04 |
29.04 |
29.04 |
568,022.40 |
N/A |
N/A |
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 (SGD) |
Total Amount [Paid] / [Received](SGD) |
BUY / SELL |
Product Type |
Nature of Dealing |
21-May-2024 |
Global Markets of HSBC Bank plc |
XP Power Limited |
Buy |
Equity Swap |
Creation of Delta 1 products from wholly unsolicited client-driven
orders |
290 |
29-Aug-2025 |
N/A |
29.19 |
8,465.10 |
21-May-2024 |
Global Markets of HSBC Bank plc |
XP Power Limited |
Sell |
Equity Swap |
Closing / flattening / unwinding of proprietary positions arising
from unsolicited client-driven dealings. I confirm this was
done no later than the close of the morning trading session on the
trading day following the orginating client-driven dealing |
19,560 |
08-Feb-2028 |
21-May-2024 |
29.04 |
568,022.40 |
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 |
21-May-2024 |
Global Markets of HSBC Bank plc |
XP Power Limited |
Return |
Equity |
509 |
21-May-2024 |
14,539 |
0.0006% |