IQE Iqe Plc

 
TIDMIQE 
 
 
   IQE plc 
 
   Cardiff, UK 
 
   19 February 2021 
 
   Long Term Incentive Plan (LTIP) Awards 
 
   IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier 
of advanced semiconductor wafer products and material solutions to the 
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 1,872,174 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 
Dr Andrew     Executive 
 Nelson       Officer                                                1,118,938 
-----------  -----------  ---------------------------------------------------- 
             Chief 
Mr Tim        Financial 
 Pullen       Officer                                                  753,236 
-----------  -----------  ---------------------------------------------------- 
 
 
   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) and Total Shareholder Return (TSR). Vesting of 
the Awards, in whole or part, is subject to the achievement of the 
performance criteria over the holding period to the later of 31 March 
2024 and following release of IQE's results for the financial period 1 
January 2023 to 31 December 2023. 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. 
 
   The notification of the Awards is intended to satisfy IQE's obligations 
under the Disclosure Guidance and Transparency Rules. 
 
   Contacts: 
 
   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 
 
   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                     Dr Andrew Nelson 
    -----------------------  ---------------------------------------------------- 
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 1,118,938 
    -----------------------  ---------------------------------------------------- 
d)  Aggregated information 
    --    Aggregated volume    N/A single transaction 
    --    Aggregated price 
    --    Aggregated total 
    -----------------------  ---------------------------------------------------- 
e)  Date of the transaction  19 February 2021 
    -----------------------  ---------------------------------------------------- 
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 753,236 
    -----------------------  ---------------------------------------------------- 
d)  Aggregated information 
    --    Aggregated volume    N/A single transaction 
    --    Aggregated price 
    --    Aggregated total 
    -----------------------  ---------------------------------------------------- 
e)  Date of the transaction  19 February 2021 
    -----------------------  ---------------------------------------------------- 
f)  Place of the             Off market transaction 
    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. 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

February 19, 2021 02:00 ET (07:00 GMT)

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