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

IqeAnnouncement

09/06/2025 07:00

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RNS Number : 9694L  IQE PLC  09 June 2025

IQE plc

 

 

Cardiff, UK

9 June 2025

 

 

Issue of Options 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, advises that on 8 June 2025, Mark Cubitt, Executive
Chair, and Jutta Meier, Chief Executive Officer, received grants of nil cost
share options ("Options") over ordinary shares of 1 pence each in the Company
("Ordinary Shares") pursuant to IQE's Long Term Incentive Plan ("LTIP").

Mark Cubitt has received immediately vested Options over 166,667 Ordinary
Shares under the LTIP to reflect his additional time commitment as Executive
Chair, his contribution during the Strategic Review and to ensure his
interests are appropriately aligned with shareholders. It is intended that
Mark will be granted a similar award of Options on each of the three
subsequent calendar quarters or, if earlier, until such time that he returns
to his non-executive chair role, up to a maximum of 666,667 Ordinary Shares.
Mark's Options and resulting Ordinary Shares are subject to a three-year
holding period from the date of grant.

Jutta Meier has received Options over 5,666,667 Ordinary Shares under the
LTIP. Jutta's Options are subject to a three-year performance period to 31
December 2027 and a two-year holding period following vesting. Vesting of 75%
of Jutta's Options will be determined by threshold and stretch targets for the
Company's Adjusted EBITDA Margin in the financial years ending 31 December
2026 and 31 December 2027, and vesting of 25% of Jutta's Options will be
determined by certain non-financial and strategic measures.

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.

 

 

 

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                                     Mr Mark Cubitt
 2.  Reason for the notification
 a)  Position / status                        PDMR (Executive Chair)
 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)                   166,667 Ordinary Shares
 d)  Aggregated information

     ·       Aggregated volume

     ·       Aggregated price
 e)  Date of the transaction(s)               8 June 2025

 f)  Place of the transaction                 Off-market

 

 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                        PDMR (Chief Executive 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)                   5,666,667 Ordinary Shares
 d)  Aggregated information

     ·       Aggregated volume

     ·       Aggregated price
 e)  Date of the transaction(s)               8 June 2025

 f)  Place of the transaction                 Off-market

 

 

 

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