REG - IQE PLC - Appointment of Non-executive Director

IqeAnnouncement

30/06/2023 07:00

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RNS Number : 4130E  IQE PLC  30 June 2023

IQE plc

 

 

Cardiff, UK

30 June 2023

 

Appointment of Non-executive Director

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading supplier of compound
semiconductor wafer products and advanced material solutions to the global
semiconductor industry, is pleased to announce the appointment of Harmesh
Suniara to the Board as a Non-executive Director, with immediate effect, as a
representative of funds or accounts managed on a discretionary basis by
Lombard Odier Asset Management.

 

Harmesh has over 15 years' experience of working in investment management,
with a particular focus on UK small and mid-cap equities including the
technology and life sciences sectors. He brings a wealth of expertise in
active engagement with companies that Lombard Odier has invested in. Since
2017 he has worked as a Portfolio Manager at Lombard Odier 1798 Volantis, and
prior to this he was an Investment Manager at Henderson Volantis Capital and
Gartmore Investment Management. Lombard Odier 1798 Volantis is a major
shareholder in IQE.

 

Phil Smith, Chairman of IQE, commented:

 

"I am delighted to welcome Harmesh to the Board of IQE. He brings with him
significant capital markets expertise and a core understanding and
appreciation for our business. I look forward to working with him and the rest
of the Board as we harness and capitalise on the opportunities in the pipeline
and deliver on our strategic growth objectives."

 

The following disclosures are made in accordance with Schedule 2(g) of the AIM
Rules.

 

Harmesh Kumar Suniara, aged 52, also currently serves as a Non-executive
Director on the board of Actual Experience plc.

 

Lombard Odier 1798 Volantis has a beneficial interest in 141,593,743 ordinary
shares of IQE, representing 14.73% of IQE's issued share capital.

 

There is no further information to be disclosed pursuant to Rule 17 or
Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

Enquiries:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Neil Rummings

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Paul Gillam

Richard Chambers

James Smith

 

Numis (Joint Broker)

+44 (0) 20 7260 1000

Simon Willis

Hugo Rubinstein

Iqra Amin

 

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

About IQE:

http://iqep.com
(https://www.globenewswire.com/Tracker?data=yZf7NKp1JKLALUCxlBuC8wkLnLAqoe5-kjjIlkMIDci9q9W0x_02bwZV-eorSbpLXZxy4zi3xHh-O4FM8nWjeg==)

 

IQE is the leading global supplier 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 in
this market which has high barriers to entry. IQE supplies the global market
and is enabling customers to innovate at chip and OEM level. By leveraging 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 eight manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

 

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