XP Power ( (GB:XPP) ) has issued an announcement.
XP Power has successfully completed a placing of new ordinary shares, raising £40 million by issuing 4,102,564 shares at 975 pence each, representing a 5.2% discount to the previous closing price. This strategic move aims to strengthen the company’s financial position, with implications for enhanced market competitiveness and potential growth opportunities, while directors and senior management have also participated in the share subscription.
More about XP Power
XP Power is a company operating in the power solutions industry, focusing on the development and supply of critical power control components. The company serves various markets, including industrial, healthcare, and technology sectors, providing products such as power converters and power supplies.
YTD Price Performance: -21.29%
Average Trading Volume: 38,290
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £241.8M
See more insights into XPP stock on TipRanks’ Stock Analysis page.