REG - IQE PLC - IQE: Options Issue & Director/PDMR Shareholding

IqeAnnouncement

29/02/2024 07:15

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RNS Number : 8641E  IQE PLC  29 February 2024

IQE plc

 

 

Cardiff, UK

29 February 2024

 

 

 

Issue of Options and Director/PDMR Shareholding

 

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of
compound semiconductor wafer products and advanced material solutions,
confirms that further to the announcement of 16 January 2024 regarding the
appointment of Jutta Meier as Chief Financial Officer of the Company, a total
of 995,521 options ("Options") over ordinary shares of 1 pence each in the
Company ("Ordinary Shares") have been awarded to Ms Meier as part of a New
Starter Award.

The number of options awarded have been calculated based on the average volume
weighted IQE plc share price on the three trading days preceding 22 January
2024. The Options will vest in two equal tranches over two years subject to
continued employment.

This announcement is made in accordance with Article 19 of the EU Market Abuse
Regulation 596/2014 (as incorporated into UK domestic law by the European
Union (Withdrawal) Act 2018).

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                                     Ms Jutta Meier
 2.  Reason for the notification
 a)  Position / status                        Chief Financial Officer
 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                Award of options

 c)  Price(s) and volume(s)

Price   Volume
                                              20.09p  995,521
 d)  Aggregated information                   See above

     ·       Aggregated volume

     ·       Aggregated price
 e)  Date of the transaction(s)               28 February 2024

 f)  Place of the transaction                 Off-market

d)

Aggregated information

·       Aggregated volume

·       Aggregated price

See above

e)

Date of the transaction(s)

28 February 2024

 

f)

Place of the transaction

Off-market

 

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Jutta Meier

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Paul Gillam

Tom Ballard

Kate Bannatyne

Adam Telling

 

Deutsche 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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