Last checked at 2 Oct 2023 12:00
IQE plc
Â
Â
Cardiff, UK
2 October 2023
Â
Long Term Incentive Plan (LTIP) Award
Â
IQE plc (AIM:Â IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announces that on 28 June 2023 following approval from IQE's Board of Directors and a recommendation made by the Remuneration Committee, IQE's Interim Chief Financial Officer was granted an award of 750,000 ordinary shares of 1 pence each in the Company in the form of nil cost share options ("Awards"), pursuant to IQE's Long Term Incentive Plan. The Awards will vest over a three-year period to 31 May 2026.
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 (as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018).
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.Â
1. | Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | Neil Rummings | ||||
2. | Reason for the notification | |||||
a) | Position / status | Interim Chief Financial Officer | ||||
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 Â | ||||
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 CompanyGB0009619924 Â | ||||
b) | Nature of the transaction | Award of options  | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information ·      Aggregated volume ·      Aggregated price | n/a - single transaction | ||||
e) | Date of the transaction(s) | 28 June 2023 Â | ||||
f) | Place of the transaction | Off-market  | ||||
Â
Contacts:
Â
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Neil Rummings
Amy Barlow
          Â
Peel Hunt (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Paul Gillam
Richard Chambers
James Smith
          Â
Numis (Joint Broker)
+44 (0) 20 7260 1000
Simon Willis
Hugo Rubinstein
Iqra Amin
Â
Headland Consultancy (Financial PR) + 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
Chloe Francklin: +44 (0)78 3497 4624
ABOUT IQE
http://iqep.com
Â
Â
IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:
Â
·   Smart Connected Devices
·   Communications Infrastructure
·   Automotive and Industrial
·   Aerospace and Security
Â
As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the global market and is enabling customers to innovate at chip and OEM level. By leveraging the Group's intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in Cardiff UK, with employees across eight manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.
Â
Â