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18 Jan 2019 15:00
IQE plc: Block Admission Return
IQE plc
(“IQE” or the “Company”)
Block Admission Return
18 January 2019
Application has been made to the London Stock Exchange for a block admission of 12,000,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to satisfy obligations under the Company's existing Group Employee Share Option and other employee share incentive plans. The Ordinary Shares held under the block admission will be allotted and issued in due course in accordance with the rules of the respective scheme(s) and will rank pari passu in all respects with the existing Ordinary Shares in issue. It is expected that admission of the Ordinary Shares under the block admission will become effective on 25 January 2019. The new Ordinary Shares will be added to the balance of 174,774 Ordinary Shares remaining from the previous block admission.
The company hereby provides an update to its block admission filed on 06 June 2018.
| Name of company: | IQE plc |
| Name of scheme: | All employee share option scheme |
| Period of return: | 07 June 2018 to 17 January 2019 |
| Number of Ordinary Shares not issued under scheme at the end of the last period: | 174,774 |
| Number of Ordinary Shares issued under scheme during period: | 13,958,011 |
| Number of Ordinary Shares cancelled under the scheme during period: | Nil |
| Balance of Ordinary Shares under scheme not yet issued at end of period: | 216,763 |
| Number and class of Ordinary Shares originally admitted under scheme and the date of admission | 1,000,000 Ordinary Shares (4 Dec 2009)2,000,000 Ordinary Shares (11 Oct 2010)5,000,000 Ordinary Shares (8 Nov 2010)8,000,000 Ordinary Shares (5 Apr 2011)6,000,000 Ordinary Shares (16 May 2012)16,000,000 Ordinary shares (19 Jun 2012)8,000,000 Ordinary shares (12 Aug 2014)8,000,000 Ordinary shares (3 Dec 2015)12,000,000 Ordinary shares (20 April 2017)14,000,000 Ordinary shares (12 June 2018)12,000,000 Ordinary shares (25 January 2019) |
Contacts:
| IQE plc Dr Godfrey Ainsworth Dr Drew Nelson Chris Meadows | +44 (0) 29 2083 9400 |
| Canaccord GenuitySimon BridgesRichard Andrews | + 44 (0) 20 7523 8000 |
| Peel HuntEdward KnightNick Prowting | +44 (0) 20 7418 8900 |
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