Power Probe PLC (PWR), a leading producer of automotive electrical diagnostic tools for professional service technicians, has disclosed that Non-Executive Director Ip Foo Wing purchased 20,000 ordinary shares across two consecutive trading days via Ojai Valley Trust, of which he and his spouse are trustees. The purchases, each of 10,000 shares at 58.0 pence, took place on 27 and 28 October 2026 on the London Stock Exchange. Following the transactions, Ip Foo Wing's beneficial holding stands at 50,200 ordinary shares, representing approximately 0.07% of the company's total issued share capital and voting rights. Investors may be watching the disclosure as a signal of board-level confidence in the California-founded group.

Key Points

  • Power Probe PLC (PWR) — automotive electrical diagnostic tools producer listed on the London Stock Exchange
  • Non-Executive Director Ip Foo Wing, via Ojai Valley Trust, purchased 20,000 ordinary shares at 58.0 pence each over two days
  • Total shares acquired: 20,000; beneficial holding now 50,200 shares, equating to approximately 0.07% of issued share capital
  • Investors may watch for further director dealings or trading updates as the company pursues its international growth strategy

Ip Foo Wing Purchases 20,000 Power Probe Shares at 58.0p Across Two Trading Sessions

According to the announcement, Ojai Valley Trust — of which Ip Foo Wing and his spouse are trustees — acquired 10,000 ordinary shares of 0.1 pence each on 27 October 2026 and a further 10,000 ordinary shares on 28 October 2026, both at a price of 58.0 pence per share. Both transactions were executed on the London Stock Exchange. The company was formally notified of the dealings on 28 October 2026. The disclosure is classified as an initial notification under the director and PDMR shareholding reporting framework, indicating no prior beneficial interest of this nature had previously been reported.

Beneficial Holding Reaches 50,200 Ordinary Shares Following Transaction

Following the completion of both purchases, Ip Foo Wing's total beneficial holding in Power Probe PLC has risen to 50,200 ordinary shares, the announcement states. This represents approximately 0.07% of the company's total issued share capital and voting rights. The ordinary shares carry an ISIN of GB00BSDYS558 and a nominal value of 0.1 pence each. Shore Capital acts as the company's Nominated Adviser and Broker, with Sodali & Co serving as communications adviser, reflecting the governance and investor relations infrastructure supporting the AIM-listed group.

Power Probe's Automotive Diagnostics Portfolio and International Market Position

Founded in 1992 in California, USA, Power Probe has grown into an internationally recognised brand operating under the mission statement "Simplifying Automotive Diagnostics". The group designs and distributes over 140 products targeted at professional service technicians, with a commercial focus on product quality, continuous innovation, and customer care. The company's EMEA operations are overseen by Regional Director Tom Marsh, underscoring its geographic reach beyond North America. Chief Executive Officer Chema Garcia and Chief Financial Officer Fabio Medina lead the broader group strategy as it competes in the professional automotive tools sector.