Power Probe PLC (PWR), a leading producer of automotive electrical diagnostic tools for professional service technicians, has disclosed a director shareholding change following a purchase of ordinary shares by a trust connected to Non-Executive Director Ip Foo Wing. The Ojai Valley Trust, of which Ip Foo Wing and his spouse are trustees, acquired 10,000 ordinary shares at 56.0 pence each on 26 October 2026 on the London Stock Exchange. The transaction brings Ip Foo Wing's beneficial holding to 30,200 ordinary shares, representing approximately 0.04% of the company's total issued share capital and voting rights. Investors may be watching this disclosure as an indication of board-level confidence in the business.

Key Points

  • Power Probe PLC (PWR) — automotive electrical diagnostic tools producer listed on the London Stock Exchange
  • Ojai Valley Trust, connected to Non-Executive Director Ip Foo Wing and his spouse, purchased 10,000 ordinary shares at 56.0 pence per share on 26 October 2026
  • Ip Foo Wing's beneficial holding now stands at 30,200 ordinary shares, equating to approximately 0.04% of total issued share capital
  • Investors should watch for any further director dealings or operational updates from Power Probe as the company continues its international growth strategy

Ojai Valley Trust Acquires 10,000 Power Probe Ordinary Shares at 56.0 Pence

The announcement, released on 28 October 2026, confirms that the Ojai Valley Trust completed an open-market purchase of 10,000 ordinary shares of 0.1 pence each in Power Probe PLC, at a price of 56.0 pence per share, on 26 October 2026. The transaction was conducted on the London Stock Exchange. Ip Foo Wing serves as a Non-Executive Director of the company, and as a trustee alongside his spouse of the Ojai Valley Trust, which executed the purchase. This constitutes an initial notification under the relevant director and persons discharging managerial responsibilities disclosure obligations.

Ip Foo Wing's Beneficial Stake in Power Probe Following the Transaction

Following the purchase, the announcement states that Ip Foo Wing's total beneficial holding in Power Probe PLC stands at 30,200 ordinary shares. This represents approximately 0.04% of the company's total issued share capital and voting rights. The ordinary shares carry an ISIN of GB00BSDYS558. Director and PDMR purchases are routinely scrutinised by investors as a potential signal of internal sentiment regarding a company's prospects, though the relatively modest size of this transaction should be considered in context.

Power Probe's Business: Automotive Diagnostics Tools Founded in California in 1992

Power Probe was founded in 1992 in California, USA, and has since grown into an internationally recognised brand in the automotive sector. The company designs and distributes over 140 products aimed at professional service technicians, with its stated mission being "Simplifying Automotive Diagnostics". The Group operates across multiple regions, with an EMEA Regional Director listed among its key contacts. Shore Capital acts as the company's Nominated Adviser and Broker, with Sodali & Co providing communications support.