IQE Share News (IQE)

IN BRIEF: IQE searching for new CFO as Pullen makes sudden exit

IQE PLC - Wales-based compound semiconductor wafer product supplier - Says Chief Financial Officer Tim Pullen has stepped down with effect from Tuesday. Pullen joined IQE as CFO in February 2019, having left the same position at Arm Holdings PLC. His previous employment includes leading roles at Tesco Mobile Ltd and Serco Group PLC. Reason for his departure from IQE has not been disclosed. Associate Director of Finance Neil Rummings is appointed acting CFO with immediate effect while IQE commences the search for a permanent successor. Rummings joined IQE in April 2017 and previously served as a director at PricewaterhouseCoopers International Ltd for over six years.

Tim Pullen steps down suddenly as IQE finance chief

(Sharecast News) - Semiconductor wafer product specialist IQE announced on Thursday that chief financial officer Tim Pullen had resigned from his position.

TRADING UPDATES: Triple Point Social quarterly net asset value up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

IQE launches new microLED wafer products

(Sharecast News) - Semiconductor wafer specialist IQE announced the introduction of a new range of 200mm RGB epitaxial wafer products on Wednesday, specifically designed for microLED display qualification.

IQE raises £31.1m through placing, retail offer

(Sharecast News) - Semiconductor wafer specialist IQE confirmed the issue of new shares on Friday, as part of its placing and retail offer.

IQE shares jump as raises GBP1.1 million through REX retail offer

(Alliance News) - IQE PLC on Friday said it has raised GBP1.1 million through the issue of 5.5 million new shares at a price of 20 pence each, to existing retail investors.

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

IN BRIEF: IQE shares fall as raises GBP30 million in placing

IQE PLC - Wales-based compound semiconductor wafer product supplier - Raises GBP30 million in share placing. Peel Hunt LLP and Numis Securities Ltd placed 150.0 million shares in IQE at 20 pence per share. Chief Executive Officer Americo Lemos, Chair Phil Smith and directors Andrew Nelson, Carol Chesney and Victoria Hull have subscribed for total of 12.7 million shares at issue price. IQE notes that the placing price represents a discount of just under 15% to Wednesday's closing price of 23.5p per share. The company has applied to the London Stock Exchange for the shares to be admitted to trading on AIM. Admission is expected to take effect on or around Monday morning. IQE's issued share capital now consists of 955.5 million shares.

Apple supplier IQE slides after discounted placing

(Sharecast News) - Apple supplier IQE tumbled on Thursday after saying it had raised around £30m in a discounted share placing.

AIM WINNERS & LOSERS: MyHealthChecked to sell tests at Boots shops

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

IQE launches fundraise as annual loss balloons amid semiconductor woe

(Alliance News) - IQE PLC on Wednesday launched a fundraise as it reported a more than tripled annual loss and warned current trading is affected by the semiconductor industry downturn.

UK earnings, trading statements calendar - next 7 days

IQE named 'Gold Tier Supplier' by BAE Systems

(Sharecast News) - Compound semiconductor wafer products and advanced material supplier IQE announced the receipt of a Gold Tier Supplier Award from BAE Systems on Wednesday.

Deutsche Bank lowers target price on IQE

(Sharecast News) - Analyst at Deutsche Bank lowered their target price on semiconductor firm IQE from 60.0p to 40.0p on Wednesday, stating its second trading update this year pointed to an "awful" first half.

LONDON BROKER RATINGS: Jefferies rates Future at 'hold'; Spirent upped

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: