HSBC Bank Malta Plc

Net Asset Value • Jun 7, 2024

National Storage Mechanism | Additional information

PROPOSED ACQUISITION OF XP POWER LIMITED

DEALINGS DISCLOSURE

1. 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. 

1. 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