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45.00    -4.35 (-8.81%)
Bid:
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Spread: 0.35 (0.778%)
Market Cap: £590.66m
IQE Live PriceLast checked at - London Stock Exchange

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Additional Listing

12 Jun 2008 13:42

RNS Number : 5867W
IQE PLC
12 June 2008
Β 

ο»Ώ

IQE plc (theΒ 'Company')

Additional Listing

Application has been made to the London Stock Exchange forΒ 399,566Β ordinary shares of 1p each in the Company ('Ordinary Shares') to be admitted to trading on AIM. The Ordinary Shares are being issued pursuant to the exercise of share options byΒ certainΒ employeesΒ under the IQE Group Share Option Scheme. The Ordinary Shares are issued at the following prices:

Price of issue

Number of Ordinary Shares

Total at 5.633p

73,329

Total at 6.600p

13,440

Total at 6.670p

293,237

Total at 6.870p

19,560

TOTAL

399,566

Admission of these Ordinary Shares is expected to become effective onΒ 18Β JuneΒ 2008.

Following this issue the total number of Ordinary Shares in issue will beΒ 432,437,420.

Contacts:

IQE plc

Drew Nelson

Phil Rasmussen

Chris Meadows

+44 29 2083 9400

College Hill

Adrian Duffield/Β Ben Way

+44 20 7457 2020

Noble & Company Limited

John Llewellyn-Lloyd/Β Sam Reynolds

+44 20 7763 2200

Panmure Gordon (UK) Limited

Aubrey Powell/ Ashton Clanfield

+44 20 7459 3600

Β Β NOTE TO EDITORS

IQE plc is the leading global supplier of advanced semiconductor wafers withΒ products that cover a diverse range of applications. It is able to provide aΒ 'one stop shop' for the wafer needs of the world's leading compoundΒ semiconductor manufacturers, who in turn use these wafers to make the chipsΒ which form the key components of virtually every high technology system. IQE hasΒ particular focus on the growing global wireless sector for applicationsΒ including; mobile handsets, wireless infrastructure, Wi-Fi, WiMAX, baseΒ stations, GPS and satellite communications; as well as for the opticalΒ communication sector including; optical storage (CD, DVD), laser optical mice,Β laser printers & photocopiers, thermal imagers, leading-edge medical products,Β bar-coding, high efficiency LEDs and advanced solar cells.

The manufacturers of these chips are increasingly seeking to outsource waferΒ production to specialist foundries such as IQE in order to reduce overall waferΒ costs and accelerate time to market. IQE is unique in being able to supplyΒ wafers using all of the leading crystal growth technology platforms includingΒ Metal Organic Vapour Phase Epitaxy (MOVPE) and Molecular Beam Epitaxy (MBE) andΒ the Group is able to leverage its global purchasing volumes to reduce the costΒ of raw materials.

IQE also provides bespoke R&D services to deliver customized materials forΒ specific applications and offers specialist technical staff to manufacture toΒ specification either at its own facilities or on the customer's own sites. ThisΒ is backed by a strategy of duplicating each key product processes over multipleΒ sites to assure customers of security of supply as well as provide compellingΒ customer benefits in terms of flexibility and predictability of cost, therebyΒ significantly reducing operating risk.

IQE operates six manufacturing facilities; two inΒ CardiffΒ and one in MiltonΒ Keynes in theΒ UK; two more inΒ Bethlehem,Β PennsylvaniaΒ andΒ Somerset,Β New JerseyΒ in theΒ USA; and its most recent acquisition inΒ Singapore. The Group also has 11Β sales offices located in major economic centres worldwide.

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
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8th Dec 202511:20 amGNWForm 8.3 - [IQE PLC - 05 12 2025] - (CGAML)

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