IQE plc : Grant of deferred shares under Long Term Incentive Plan <Origin Href="QuoteRef">IQE.L</Origin>

IqeAnnouncement

11/01/2016 13:10

11 January 2016 
 
 IQE plc announces that on 7 January 2016 a grant of 17,625,562 deferred
ordinary shares of 1 pence each ("Deferred Shares") was awarded under the
Company's Long Term Incentive Plan (LTIP) to certain directors of the Group as
detailed in the following table: 
 
  Name                Role    No. of Ordinary shares subject to award under the LTIP :         
  2014                2015    2016                 
  Dr A W Nelson       CEO     1,879,701             2,806,628             2,846,633            
  Mr P J Rasmussen    CFO     1,258,728             1,880,385             1,907,187            
  Dr H R Williams     COO     1,258,728             1,880,385             1,907,187            
 These awards relate to the LTIP years 2014, 2015 and 2016. All of these
Deferred Sharesare subject to the achievement of performance criteria over the
three year vesting period ending on 1 January 2019. The performance criteria,
which were determined using independent benchmarking studies, include the
attainment of EPS growth rate targets with lower and upper measurement
thresholds of RPI+4% to RPI+10%. These Deferred Shares may be reduced or
lapsed in the event of misconduct, known as 'malus' provisions. 
 
 Contacts: 
 
 IQE plc +44 (0) 29 2083 9400 
 Drew Nelson 
 Simon Gibson 
 
 Canaccord Genuity (Nomad and Joint Broker) + 44 (0) 20 7523 8000 
 Simon Bridges 
 Cameron Duncan 
 
 Peel Hunt (Joint Broker) +44 (0) 20 7418 8900 
 Richard Kauffer 
 Euan Brown 
 
   
 
 Capital Access Group +44 (0) 20 3763 3400 
 Simon Courtenay 
 Harry Rippon 
 
   
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: IQE plc via Globenewswire 
 HUG#1977933