IQE plc

Cardiff, UK

29 July 2021

Appointment of Victoria Hull as Non-Executive Director

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of advanced semiconductor wafer products and material solutions to the semiconductor industry, is pleased to announce the appointment of Victoria Hull as Non-Executive Director, effective from 1 August 2021. She will also become Chair of IQE's Remuneration Committee following Sir David Grant's retirement in September.

An experienced Non-Executive Director, Victoria is currently serving Non-Executive Directorship and Remuneration Committee roles for listed technological companies including Alphawave IP Group plc and Network International Holdings plc. Victoria is also the Senior Independent Director for Ultra Electronics Holdings plc. Prior to these appointments, Victoria held an executive directorship at Invensys, now Schneider Electric.

Having worked in a variety of global companies at Executive Committee or Board level, her appointment to the Board of IQE brings an extensive understanding of legal, commercial and governance matters. Victoria has a strong background in corporate finance and began her career as a trainee solicitor at Clifford Chance LLP.

Phil Smith, IQE Chairman, said:

"On behalf of the Board, I am delighted to welcome Victoria to IQE. The depth and breadth of Victoria's experience, gained across a variety of sectors including technology, will prove invaluable. We look forward to embarking on our next phase of growth with our strengthened Board."

Additional information

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies. Victoria Mary Hull, aged 59, has been a director or partner of the following companies or partnerships during the five years preceding the date of this announcement:

Current Directorships / Partnerships  Past Directorships / Partnerships 
------------------------------------  --------------------------------- 
Alphawave IP Group plc                RBG Holdings plc 
------------------------------------  --------------------------------- 
La Pleiade Limited 
------------------------------------  --------------------------------- 
La Pleiade Sci 
------------------------------------  --------------------------------- 
Network International Holdings plc 
------------------------------------  --------------------------------- 
Ultra Electronics Holdings plc 
------------------------------------  --------------------------------- 

Ms Hull currently has no shareholding in the Company.

There is no further information required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.


IQE plc

+44 (0) 29 2083 9400

Drew Nelson

Tim Pullen

Amy Barlow

Peel Hunt LLP (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Edward Knight

Paul Gillam

Nick Prowting

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


https://www.globenewswire.com/Tracker?data=xWyP4fYxUuVGVwDKM7H_psIRnk6Q8fBnl1azNcwPs9RTPuA3eBwTF_wOtmPNAnuCR9PI5YGktkxDJnu-23SLXdgwaF5t1-e8mrjQlq0kXeh9uTXVQsyaH8MDy3gO5QdPVnca18AjI9PJT23Ljj9eRBcbJtzrihtFWzpMKmfU0TGByvP6ZBC4-5vYE_FP0T_yBUcBUffyzwSTsV11vM0FVsP8GPCkb6h2cHYVEHGRESY= 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. 650 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

July 29, 2021 02:00 ET (06:00 GMT)

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