Last checked at 29 Apr 2019 11:00
Director/PDMR Shareholding
29 April 2019
IQE plc(“IQE” or the “Company”)
Director/PDMR Shareholding
IQE plc (AIM: IQE) was notified on 25 April 2019 that Dr Andrew Nelson, Chief Executive Officer of the Company, exercised a total of 7,681,199 options over ordinary shares of 1 pence each in the Company (“Ordinary Shares”), at a price of 1.000 pence per Ordinary Share on 24 April 2019.
Following the above transaction, Dr Nelson and his persons closely associated hold a beneficial interest of 36,140,417 Ordinary Shares, representing 4.6 per cent. of the Company's issued share capital. Application has now been made to the London Stock Exchange for the admission of 7,681,199 new Ordinary Shares to trading on AIM (“Admission”). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company, with Admission expected to commence on 3 May 2019.
Following Admission, the Company’s issued share capital will consist of 790,503,269 Ordinary Shares, with no Ordinary Shares held in Treasury. Therefore, the total number of voting rights in the Company immediately following Admission will be 790,503,269. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rule
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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 (CEO) |
| b) | Initial notification / amendment | Initial notification |
| 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 financial instrument | Ordinary shares of 1 pence each in the Company GB0009619924 |
| b) | Nature of the transaction | Exercise of options over Ordinary Shares |
| c) | Price(s) and volume(s) | 7,681,199 options at 1.000 pence |
| d) | Aggregated information Aggregated volumeAggregated priceAggregated total | 7,681,199 1.000 pence £76,811.99 |
| e) | Date of the transaction(s) | 24 April 2019 |
| f) | Place of the transaction | Outside a trading venue |
Contacts:
| IQE plc Drew Nelson Tim Pullen Chris Meadows | +44 (0) 29 2083 9400 |
| Canaccord Genuity (Nomad and Joint Broker) Simon Bridges Richard Andrews | + 44 (0) 20 7523 8000 |
| Peel Hunt (Joint Broker) Edward Knight Nick Prowting | +44 (0) 20 7418 8900 |