REG - IQE PLC - IQE plc: Director/PDMR Shareholding

IqeAnnouncement

02/06/2023 07:00

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RNS Number : 4216B  IQE PLC  02 June 2023

IQE plc

 

 

Cardiff, UK

2 June 2023

 

 

Director/PDMR Shareholding

 

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, was notified on 1 June 2023 that Dr Drew Nelson,
Non-Executive Director, has delivered a further 699,647 ordinary shares of 1
pence each in the Company ("Ordinary Shares") to Equities First Holdings
("EFH"), having received a margin call under the terms of his sale and
repurchase agreement with EFH, first announced on 06 August 2019 and extended
on 29 July 2022 ("the Agreement"). The total number of Ordinary Shares subject
to the sale and repurchase under the Agreement is now 12,821,358 Ordinary
Shares ("EFH Sale Shares").

Under the terms of the Agreement, Dr Nelson is obligated to repurchase (and
EFH is obligated to sell to Dr Nelson) the EFH Sale Shares at the end of a
term ended 5 August 2024. The price at which he has sold and is required to
repurchase the EFH Sale Shares remains 43.96 pence per share. All other terms
under the Agreement, as disclosed on 6 August 2019, remain unchanged.

The notification set out below is provided in accordance with the requirements
of the EU Market Abuse Regulation.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014

 1.  Details of the Person discharging managerial responsibilities ("PDMR") /
     person closely associated with them ("PCA")
 a)  Name                                     Dr Andrew Nelson
 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                Delivered a further 699,647 Ordinary Shares to Equities First Holdings under
                                              the terms of a sale and repurchase agreement with Equities First Holdings,
                                              first announced on 06 August 2019
 c)  Price(s) and volume(s)                   699,647 Ordinary Shares
 d)  Aggregated information

     ·      Aggregated volume                 699,647 Ordinary Shares

     ·      Aggregated price
 e)  Date of the transaction(s)               1 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Tim Pullen

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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