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
Steel
Connect Sub LLC
City of
registered office (if applicable)
New York
Country of
registered office (if applicable)
United States
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-Mar-2025
6.
Date on which Issuer notified
11-Mar-2025
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
|
7.571800
|
0.000000
|
7.571800
|
2114957
|
|
Position
of previous notification (if applicable)
|
|
|
|
|
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
|
2114957
|
|
7.571800
|
|
|
Sub Total
8.A
|
2114957
|
7.571800%
|
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
|
|
Warren G.
Lichtenstein
|
Steel
Connect Sub LLC
|
7.571800
|
|
7.571800%
|
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
Warren G. Lichtenstein: as a result of his
direct and indirect holdings of common units in Steel Partners
Holdings L.P. and other trust and proxy arrangements over common
units in Steel Partners Holdings L.P., Mr Lichtenstein is assumed
(for the purpose of DTR5 only) as being the ultimate controlling
person.
Chain of
controlled undertakings:
Steel
Partners Holdings GP Inc. (the general partner of Steel Partners
Holdings L.P., the managing member of SPH Group LLC and the manager
of SPH Group Holdings LLC, and 100% owned by Steel Partners
Holdings L.P.)
Steel
Partners Holdings L.P.
The
following entities are directly or indirectly 100% owned by Steel
Partners Holdings L.P. (ignoring holdings of certain of these
entities in parent companies)
SPH Group
LLC
SPH Group
Holdings LLC
Steel
Excel Inc.
Handy
& Harman Ltd.
Handy
& Harman Group Ltd.
Handy
& Harman
Steel
Connect LLC
Steel
Connect Sub LLC
12. Date of
Completion
11-Mar-2025
13. Place Of
Completion
United Kingdom
