IQE PLC Iqe Plc: Long Term Incentive Plan (LTIP) Awards
01 Marzo 2022 - 1:00AM
UK Regulatory
TIDMIQE
IQE plc
Cardiff, UK
1 March 2022
Long Term Incentive Plan (LTIP) Awards
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 today,
following approval from IQE's Board of Directors and a
recommendation made by the Remuneration Committee, that certain of
IQE's directors have been granted awards over an aggregate
4,543,897 ordinary shares of 1 pence each in IQE ("Ordinary
Shares") in the form of nil cost share options ("Awards") pursuant
to IQE's LTIP as follows:
Number of Ordinary Shares subject to Award under the
Name Role LTIP
----------- ----------- ----------------------------------------------------
Chief
Mr Americo Executive
Lemos Officer 3,065,591
----------- ----------- ----------------------------------------------------
Chief
Mr Tim Financial
Pullen Officer 1,478,306
----------- ----------- ----------------------------------------------------
Awards are granted under the LTIP previously approved by
shareholders. The Awards are subject to performance criteria based
on growth in Earnings Per Share (EPS), Total Shareholder Return
(TSR), Revenue and the achievement of Strategic Objectives. Vesting
of the Awards, in whole or part, is subject to the achievement of
the performance criteria over the three-year performance period to
31 December 2024. No consideration is payable for the grant or
exercise of the Awards and the exercise of the whole or part of the
number of Awards is conditional upon meeting the performance
criteria.
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Edward Knight
Paul Gillam
James Smith
Citigroup Global Markets Limited (Joint Broker)
+44 (0) 20 7986 4000
Christopher Wren
Peter Catterall
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation (MAR).
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 Mr Americo Lemos
----------------------- ----------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / status PDMR (Chief Executive Officer)
----------------------- ----------------------------------------------------
b) Initial notification / Initial notification
amendment
----------------------- ----------------------------------------------------
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 Award of Long Term Incentive Plan ("LTIP") options
financial instrument over ordinary shares of 1 pence each in the Company
("Awards")
GB0009619924
----------------------- ----------------------------------------------------
b) Nature of the Granting of LTIP Awards
transaction
----------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 3,065,591
----------------------- ----------------------------------------------------
d) Aggregated information
-- Aggregated volume N/A single transaction
-- Aggregated price
-- Aggregated total
----------------------- ----------------------------------------------------
e) Date of the transaction 25 February 2022
----------------------- ----------------------------------------------------
f) Place of the Off market transaction
transaction
----------------------- ----------------------------------------------------
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
-----------------------------------------------------------------------------
a) Name Mr Tim Pullen
----------------------- ----------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / status PDMR (Chief Financial Officer)
----------------------- ----------------------------------------------------
b) Initial notification / Initial notification
amendment
----------------------- ----------------------------------------------------
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 Award of Long Term Incentive Plan ("LTIP") options
financial instrument over ordinary shares of 1 pence each in the Company
("Awards")
GB0009619924
----------------------- ----------------------------------------------------
b) Nature of the Granting of LTIP Awards, and;
transaction Acceleration of vesting of LTIP Awards
----------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 1,478,306
----------------------- ----------------------------------------------------
d) Aggregated information
-- Aggregated volume N/A single transaction
-- Aggregated price
-- Aggregated total
----------------------- ----------------------------------------------------
e) Date of the transaction 25 February 2022
----------------------- ----------------------------------------------------
f) Place of the Off market transaction
transaction
----------------------- ----------------------------------------------------
ABOUT IQE
https://www.globenewswire.com/Tracker?data=rqdx-WXguVFSdeiVzHCF9F6gDCjoxJgXqay-XS20KC-8fIzIS7v_ee-flzTDjHfL3sFAmu0Vxe8rqJqBV2WXUNXa58KxNV4p-S8n-j4R5iGLusiZujsQl9nT5S-KPRopg68Tsmy9ogh31rgAMZobdilBxe0SCVax3v5-BxydM1xk6Mk47dAcuwtXrm7YthZ7vULGEhgmHu1NhH6xW_uY3HGlrxHjw_O7wcuHWA29FoI=
http://iqep.com
IQE is the leading global supplier of advanced compound
semiconductor wafers and materials solutions that enable a diverse
range of applications across:
-- handset devices
-- global telecoms infrastructure
-- connected devices
-- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely
positioned in this market which has high barriers to entry. IQE
supplies the whole market and is agnostic to the winners and losers
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 c. 685 employees across
nine manufacturing locations in the UK, US, Taiwan and Singapore,
and is listed on the AIM Stock Exchange in London.
(END) Dow Jones Newswires
March 01, 2022 02:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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