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

IqeAnnouncement

14/03/2025 12:00

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RNS Number : 7720A  IQE PLC  14 March 2025

IQE plc

 

 

Cardiff, UK

14 March 2025

 

 

Director/PDMR Shareholding

 

 

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                                     Lombard Odier Asset Management (Europe)
 2.  Reason for the notification
 a)  Position / status                        PCA of Harmesh Suniara 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  Subscription for convertible loan notes convertible into ordinary shares of 1
                                              pence each in the Company at a price of 15 pence per share.

The underlying ordinary shares have an ISIN of GB0009619924
 b)  Nature of the transaction                Participation in subscription for convertible loan notes
 c)  Price(s) and volume(s)                   Price: Conversion price of 15 pence per ordinary share

                                              Volume: (principal value of convertible loan notes subscribed for):
                                              £11,764,706
 d)  Aggregated information                   N/A

     ·       Aggregated volume

     ·       Aggregated price
 e)  Date of the transaction(s)               13 March 2025

 f)  Place of the transaction                 Off-market

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Mark Cubitt

Jutta Meier

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Ben Cryer

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 manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

 

 

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