IQE
plc
Cardiff, UK
6 February 2024
Block
Admission
IQE plc (AIM: IQE, "IQE" or
the "Group"), the leading global supplier
of compound semiconductor wafer products and advanced material
solutions, today announces an application
has been made to the London Stock Exchange for a block admission of
16,000,000 ordinary shares of 1p each in the Company ("Ordinary
Shares") to trading on AIM, to satisfy obligations under the
Company's existing Long Term Incentive Plan which was approved by
shareholders in 2019. The Long Term Incentive Plan is currently
used to incentivise all of IQE's employees on an annual
basis.
The Ordinary Shares held under the
block admission will be allotted and issued in due course in
accordance with the rules of the respective scheme(s) and will rank
pari passu in all respects with the existing Ordinary Shares in
issue. It is expected that admission of the Ordinary Shares under
the block admission will become effective at 8.00 am on 7 February
2024. The new Ordinary Shares will be added to the balance of
5,518,704 Ordinary Shares remaining from the previous block
admission. There is no change to the Group's issued share
capital as a result of the Block Admission.
Contacts:
IQE
plc
+44 (0) 29 2083 9400
Americo Lemos
Jutta Meier
Amy Barlow
Peel
Hunt (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Paul Gillam
Richard Chambers
Kate Bannatyne
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
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.