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XP Power ( (GB:XPP) ) has provided an update.
XP Power has announced a conditional retail offer of new ordinary shares through RetailBook, priced at 975 pence per share, which is a 5.2% discount from the previous closing price. The offer aims to strengthen the company’s balance sheet and support the development of its Malaysia facility, while also allowing retail investors in the UK to participate alongside institutional investors.
More about XP Power
XP Power is a developer and manufacturer of critical power control solutions for the electronics industry.
YTD Price Performance: -21.29%
Average Trading Volume: 38,290
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £241.8M
Learn more about XPP stock on TipRanks’ Stock Analysis page.