Odyssean Investment Trust PLC has disclosed a significant increase in its holding of XP Power Ltd (XPP), crossing the 10% voting rights threshold on 6 November 2026. The London-based investment trust now holds 2,850,000 shares, representing 10.166887% of voting rights in the Singapore-incorporated power electronics company. The notification, filed with XP Power on 9 November 2026, marks a material step up from Odyssean's previously reported position of 9.453420%, signalling a deliberate increase in exposure to XP Power's equity. Investors in XP Power may be watching the move as an indication of Odyssean's continued conviction in the company's outlook.

Key Points

  • XP Power Ltd (XPP) — Singapore-incorporated, non-UK issuer listed with ISIN SG9999003735
  • Odyssean Investment Trust PLC has crossed the 10% voting rights threshold in XP Power, holding 2,850,000 shares directly
  • Voting rights now stand at 10.166887%, up from a previous notification level of 9.453420%; threshold crossed on 6 November 2026
  • Investors should watch whether Odyssean continues to build its position or whether further regulatory disclosures follow

Odyssean Investment Trust Crosses 10% Voting Rights Level in XP Power on 6 November 2026

According to the TR-1 major holdings notification, Odyssean Investment Trust PLC crossed the 10% threshold in XP Power Ltd on 6 November 2026, with the issuer formally notified on 9 November 2026. The filing confirms that Odyssean holds 2,850,000 shares directly, equating to 10.166887% of voting rights. No financial instruments or indirect voting rights are involved in the position. The notification was completed in London and submitted in accordance with DTR5.1 disclosure requirements. The previous notification on record showed Odyssean held 9.453420% of voting rights, confirming the trust has acquired additional shares to push through the 10% regulatory reporting level.

XP Power Ltd's Corporate Structure and Odyssean's Direct Shareholding Position

XP Power Ltd is a non-UK issuer incorporated in Singapore, identified under ISIN SG9999003735, and is a designer and manufacturer of power controllers and components serving industrial, healthcare, and technology end markets. Odyssean Investment Trust PLC, registered in London, United Kingdom, is confirmed in the notification as not controlled by any natural person or legal entity, and does not itself control any other undertaking with an interest in XP Power. The entirety of Odyssean's 10.166887% position is held as direct voting rights attached to shares under DTR5.1, with no financial instruments or proxy arrangements reported in the disclosure.

What the Increased Stake Means for XP Power's Major Shareholder Register

The crossing of the 10% threshold is a legally significant milestone under UK disclosure rules, requiring formal notification to the issuer and public reporting via a TR-1 form. With Odyssean's stake rising from 9.453420% to 10.166887%, the investment trust consolidates its position as a substantial shareholder in XP Power. The disclosure does not include any statement of intent regarding the holding, nor does it indicate whether further acquisitions are planned. The company did not disclose any associated transaction value in the announcement. Investors may be watching whether this accumulation reflects a broader strategic interest in XP Power's business performance and long-term prospects.