REG - IQE PLC - Long Term Incentive Plan (LTIP) Award

IqeAnnouncement

29/11/2024 11:30

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RNS Number : 2166O  IQE PLC  29 November 2024

IQE plc

 

 

Cardiff, UK

29 November 2024

 

Long Term Incentive Plan (LTIP) Award

 

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, announces that on 28 November 2024, IQE's Board of
Directors has approved a recommendation made by the Remuneration Committee to
grant IQE's Interim Chief Executive Officer and Chief Financial Officer, Jutta
Meier, an award of 860,092 share options over ordinary shares of 1 pence each
in the Company ("Award") at nil cost, pursuant to IQE's Long Term Incentive
Plan. The Award is subject to a three-year performance period to 31 December
2026 (the "Performance Period").

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                                     Jutta Meier
 2.  Reason for the notification
 a)  Position / status                        Interim Chief Executive Officer & 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
                                              Nil    860,092
 d)  Aggregated information

     ·       Aggregated volume

     ·       Aggregated price
 e)  Date of the transaction(s)               28 November 2024
 f)  Place of the transaction                 Off-market

d)

Aggregated information

·       Aggregated volume

·       Aggregated price

e)

Date of the transaction(s)

28 November 2024

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

 

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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