REG-IQE plc : Settlement of $1.415M license fee in relation to acquisition of Translucent's cREO(TM) technology through issue of IQE

IqeAnnouncement

15/03/2016 10:00

Cardiff, UK. 15 March 2016 : IQE plc (AIM: IQE, "IQE" or the "Company"), the
leading global supplier of advanced wafer products and wafer services to the
semiconductor industry, confirms that it has issued 5,141,467 ordinary shares
in IQE (the "Payment Shares") to Translucent Inc. ("Translucent"). 
 
 The Payment Shares have been issued as consideration to satisfy the
$1,415,000 license fee payable under the Option, Licence and Assignment
Agreement dated 15 September 2015 with Silex Systems Limited's subsidiary
Translucent, for the exclusive licence of Translucent's unique and innovative
'Rare Earth Oxide' (cREO(TM)) semiconductor technology, which was announced by
the Company on 15 September 2015. 
 
 Translucent's cREO(TM) technology offers a unique approach to the manufacture
of a wide range of innovative Compound Semonductor on Silicon products,
including  gallium nitride (GaN) on silicon (Si) for the burgeoning Power
switching and RF technologies markets.  It is protected by a wide ranging IP
portfolio consisting of 74 granted patents, and 13 additional patent
applications. 
 
 Application has been made to the London Stock Exchange for admission of
5,141,467 new ordinary shares in the Company of 1 pence each ("Ordinary
Shares") to trading on AIM. It is expected that dealings in these new Ordinary
Shares, which will rank pari passu in all respects with the existing Ordinary
Shares, is expected to commence on 18 March 2016 ("Admission"). 
 
 Following Admission, the total number of Ordinary Shares in issue will be
671,033,577. All of these Ordinary Shares carry voting rights of one vote per
Ordinary Share. There are no Ordinary Shares held in treasury and so the total
number of voting rights in the Company will be 671,033,577. 
 
 Contacts: 
 
 IQE plc (+44 29 2083 9400) 
 Chris Meadows 
 Phil Rasmussen 
 
 Canaccord Genuity (+ 44 20 7523 8000) 
 Simon Bridges 
 Cameron Duncan 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: IQE plc via Globenewswire 
 HUG#1994341