RE: Nothing to do with mms... nelson sold Β£1.5million at 49. that's the ceiling.17 Apr 2026 16:49
Good spot katstrangler - TBF that had passed me by π
Probs why Daddypump was so keen on his shorts.
Quick summary from Ai for those who missed. It's not a big negative as Nelson still holds a massive amount - just cashing in some chips and why wouldn't you. Everyone has bills to pay...
Exact details of the sale (from the official Form 8.3)Date of dealing: 13 April 2026
Shares sold: 3,000,000 ordinary shares in two tranches 2,000,000 at 47.89p
1,000,000 at 50.06p
Total value: β Β£1.458 million (commonly rounded to βΒ£1.5 million at 49pβ in market chat)
This was disclosed in: Form 8.3 β IQE PLC (RNS Number 4470A), released 14 April 2026 by Dr Nelson himself.
investments.halifax.co.uk
This is the specific RNS the LSE comment was referring to. (Itβs not a standard βDirector/PDMR Shareholdingβ announcement under MAR alone β because he is over 1% and the company is in an offer period, the stricter Takeover Code Form 8.3 format is used.)How much he disposed and what remainsPre-sale holding (calculated): 38,813,514 shares
Shares disposed: 3,000,000 β β 7.73% of his own holding (matches the β7.7%β figure quoted in market analysis)
Post-sale holding (as stated in the Form 8.3): 35,813,514 shares = 3.66% of IQEβs total voting rights
He remains a very substantial shareholder (still one of the largest individual holders).
Bottom line: This was a clean, disclosed PDMR sale of roughly 7.7% of his stake at a price slightly below recent levels. The Form 8.3 on 14 April is the definitive public announcement β the LSE bulletin-board comment simply pointed out that shorts spotted and reacted to it faster than most retail holders. No rules were broken; itβs standard (if unwelcome) behaviour in an offer-period AIM stock.