IQE plc: Long Term Incentive Plan (LTIP) Awards
01 Marzo 2022 - 1:00AM
IQE plc: Long Term Incentive Plan (LTIP) Awards
IQE plc
Cardiff, UK1 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:
Name |
Role |
Number of Ordinary Shares subject to
Award under the LTIP |
Mr Americo Lemos |
Chief Executive Officer |
3,065,591 |
Mr Tim Pullen |
Chief Financial 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 9400Americo LemosTim
PullenAmy
Barlow Peel
Hunt LLP (Nomad and Joint Broker)+44 (0) 20 7418
8900Edward KnightPaul GillamJames
Smith Citigroup
Global Markets Limited (Joint Broker)+44 (0) 20 7986
4000Christopher WrenPeter
Catterall
Headland Consultancy (Financial PR) + 44
(0) 20 38054822Andy Rivett-Carnac: +44 (0) 7968 997 365Chloe
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 / 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 |
Award of Long Term Incentive Plan (“LTIP”) options over ordinary
shares of 1 pence each in the Company ("Awards")GB0009619924 |
b) |
Nature of the transaction |
Granting of LTIP Awards |
c) |
Price(s) and volume(s) |
Price(s) Volume(s)Nil pence 3,065,591 |
d) |
Aggregated information
- Aggregated volume
- Aggregated price
- Aggregated total
|
N/A single transaction |
e) |
Date of the transaction |
25 February 2022 |
f) |
Place of the transaction |
Off market 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 / 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 |
Award of Long Term Incentive Plan (“LTIP”) options over ordinary
shares of 1 pence each in the Company ("Awards")GB0009619924 |
b) |
Nature of the transaction |
Granting of LTIP Awards, and;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
- Aggregated price
- Aggregated total
|
N/A single transaction |
e) |
Date of the transaction |
25 February 2022 |
f) |
Place of the transaction |
Off market transaction |
ABOUT IQE
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.
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