Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • Investegate.co.uk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com
  • FETransmission.com
  • Trustnet.hk
  • FEAnalytics.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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XP Power Ltd (XPP)

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Monday 09 January, 2012

XP Power Ltd

Trading Update


9 January 2012

                               XP Power Limited                                

                          ("XP Power" or "the Group")                          

                                Trading Update                                 

XP Power, one of the world's leading developers and manufacturers of critical
power control components to the electronics industry, is today issuing a
trading update for the fourth quarter ended 31 December 2011.

Trading


Revenues for the twelve months ended 31 December 2011 were 13% higher than
those achieved in 2010. In constant currency the growth rate was 16%.

Trading in the final quarter was characterised by a deterioration in global
economic confidence, which impacted on end-user demand in a number of the
markets served by our customers. Group revenues, in the three months to 31
December 2011, contracted by 5% over the same period in 2010 as some customers
pushed out deliveries. In constant currency the contraction rate was also 5%.
This contraction was most pronounced in our North American business.

Despite another strong design win performance throughout the year, total
bookings in the latter part of 2011 were soft as orders relating to existing
programs were reduced against the backdrop of increasing macroeconomic
uncertainty. This softness was most evident in the industrial and technology
sectors, while healthcare has continued to remain resilient. With no
improvement in end market sentiment yet in evidence, we expect further revenue
contraction in the first quarter of 2012.

Construction of the new Vietnamese manufacturing facility - which commenced in
December 2010 - was completed on schedule during December 2011. This new, state
of the art facility adds significant additional capacity and geographical
diversification to our manufacturing assets, an important consideration for
potential customers. We expect to start initial production of magnetic
components at the new site during the first quarter of 2012.

Financial Position


Net debt was £19.0 million at 31 December 2011 compared to £18.4 million at 31
December 2010. Using the exchange rates prevailing at 31 December 2010, net
debt at 31 December 2011 would have been £19.4 million.

Dividend

A dividend of 11 pence per share for the third quarter will be paid on 10
January 2012 to shareholders on the register at 9 December 2011.

The dividend for the fourth quarter of 2011 will be announced with the 2011
final results on 20 February 2011 but, is not expected to be less than 14 pence
per share representing a minimum total dividend of 44 pence per share for 2011,
a minimum increase of 33% over the total dividend of 33 pence per share paid
for 2010.

Outlook

Design wins in 2011 have continued to be positive and we are pleased with the
further headway that has been made in achieving approved or preferred supplier
status at new key accounts, but increased macroeconomic uncertainty will
present a challenging environment as we enter 2012. Bookings in the last
quarter of 2011 from existing programs were soft and customers are generally
cautious and are delaying orders.

As a supplier to manufacturers of capital goods, we cannot expect to be immune
from the effects of lower global end-market growth, nevertheless, XP's
successful repositioning as a designer and manufacturer of its own range of
market-leading products and the addition of its second manufacturing site
providing magnetic capability leave the Group well positioned to respond to
these more difficult markets and to continue to take market share.

XP Power will announce final results for the 12 months to 31 December 2011 on
20 February 2011.

                                   - Ends -                                    

Enquiries:

XP Power

Larry Tracey, Executive Chairman +44 (0)7785 387142

James Peters, Deputy Chairman +44 (0)7785 353066

Duncan Penny, Chief Executive +65 8322 9520

Jonathan Rhodes, Finance Director +44 (0)7500 944614

Citigate Dewe Rogerson +44 (0)20 7638 9571

Kevin Smith/Jos Bieneman

Note to editors

XP designs and manufactures power controllers, the essential hardware component
in every piece of electrical equipment that converts the power from the
electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 40% of sales), healthcare
(circa 30% sales) and technology (circa 30% of sales) sectors. Once designed
into a program, XP has a revenue annuity over the life cycle of the customer's
product which is typically 5 to 7 years depending on the industry sector.

XP has invested in research and development and its own manufacturing facility
in China, to develop a range of tailored products based on its own intellectual
property that provide its customers with significantly improved functionality
and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock
Exchange since 2000, XP serves a global blue chip customer base from 27
locations in Europe, North America and Asia.