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)
|
|
|
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
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.