Director/PDMR Shareholding
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
IQE plc
Cardiff, UK
29 May 2026
PDMR Shareholding
IQE plc (AIM: IQE, "IQE", the "Company" and, together with its subsidiary companies, the "Group"), a leading global supplier of compound semiconductor wafer products and advanced material solutions, announces that Mark Cubitt, Chair and Bami Bastani, Non-Executive Director, participated in the Company's recent fundraising and received ordinary shares in the capital of the Company in the following amounts:
Number of ordinary shares to be issued
Subscription price paid
Shareholding following issue of new ordinary shares
% shareholding of issued share capital following issue of new ordinary shares
Mark Cubitt (Chair)
1,295,305
£256,470.46
1,295,305
0.10%
Bami Bastani (Non-executive Director)
518,122
£102,588.24
689,122
0.05%
In accordance with the terms of the Existing Loan Notes, on redemption, Mark Cubitt and Bami Bastani were each issued warrants to subscribe for ordinary shares in the capital of the Company as follows. The warrants are exercisable at any time up to and including 13 September 2028, following which they shall lapse.
Number of warrants issued
Maximum number of ordinary shares on exercise of warrants
% shareholding of issued share capital on exercise in full of warrants
Mark Cubitt (Chair)
1,709,803
1,709,803
0.23%
Bami Bastani (Non-executive Director)
683,921
683,921
0.10%
The FCA notification made in accordance with the requirements of UK MAR is set out at the end of this announcement.
Contacts:
IQE plc
+44 (0) 29 2083 9400
Jutta Meier
Mark Cubitt
Amy Barlow
Peel Hunt (Sole Bookrunner, Nomad and Joint Broker)
+44 (0) 20 7418 8900
Ben Cryer
Kate Bannatyne
Adam Telling
ECM Syndicate: Sohail Akbar, Nicolas Wilks
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
ABOUT IQE
IQE is one of the leading global suppliers of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:
· Smart Connected Devices
· Communications Infrastructure
· Automotive and Industrial
· Aerospace and Security
As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned. IQE supplies the global market and is enabling customers to innovate at chip and OEM level. Through the Group's intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with employees across manufacturing locations in the UK, US and Taiwan, and is quoted on the AIM Market of the London Stock Exchange.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)
Name
Mark Cubitt
2.
Reason for the notification
a)
Position / status
PDMR (Chair)
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IQE plc
b)
Legal Entity Identifier
213800Y33WHD3ESJJP16
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Ordinary shares of 1 pence each in the Company
GB0009619924
b)
Nature of the transaction
Participation in subscription for ordinary shares
c)
Price(s) and volume(s)
1,295,305 ordinary shares at an issue price of 19.8 pence per share
d)
Aggregated information
· Aggregated volume
· Aggregated price
e)
Date of the transaction(s)
28 May 2026
f)
Place of the transaction
Off-market
a)
Description of the financial instrument
Issue of warrants to subscribe for ordinary shares of 1 pence each in the Company
The underlying ordinary shares have an ISIN of GB0009619924
b)
Nature of the transaction
Issue of warrants to subscribe for ordinary shares
c)
Price(s) and volume(s)
1,709,803 warrants to subscribe for 1,709,803 ordinary shares at an issue price of 15 pence per share (subject to adjustment in accordance with the conditions)
d)
Aggregated information
· Aggregated volume
· Aggregated price
e)
Date of the transaction(s)
28 May 2026
f)
Place of the transaction
Off-market
1.
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)
Name
Bami Bastani
2.
Reason for the notification
a)
Position / status
PDMR (Non-executive director)
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IQE plc
b)
Legal Entity Identifier
213800Y33WHD3ESJJP16
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument
Ordinary shares of 1 pence each in the Company
GB0009619924
b)
Nature of the transaction
Participation in subscription for ordinary shares
c)
Price(s) and volume(s)
518,122 ordinary shares at an issue price of 19.8 pence per share
d)
Aggregated information
· Aggregated volume
· Aggregated price
e)
Date of the transaction(s)
28 May 2026
f)
Place of the transaction
Off-market
a)
Description of the financial instrument
Issue of warrants to subscribe for ordinary shares of 1 pence each in the Company
The underlying ordinary shares have an ISIN of GB0009619924
b)
Nature of the transaction
Issue of warrants to subscribe for ordinary shares
c)
Price(s) and volume(s)
683,921 warrants to subscribe for 683,921 ordinary shares at an issue price of 15 pence per share (subject to adjustment in accordance with the conditions)
d)
Aggregated information
· Aggregated volume
· Aggregated price
e)
Date of the transaction(s)
28 May 2026
f)
Place of the transaction
Off-market
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