Last checked at 29 Jun 2023 16:00
IQE plc
Cardiff, UK
29 June 2023
Results of Annual General Meeting
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, is pleased to announce that at its 2023 Annual General Meeting, held today in London, UK, all resolutions were duly passed.
Total votes cast: 577, 504, 168
Resolution 1: Receipt of Directors' Report & Financial Statements
For: 578,210,371 (99.95%)
Against: 272, 237 (0.05%)
Withheld: 21,560
Resolution 2: Approval of the Directors' Annual Report on Remuneration
For: 57,911,062 (99.91%)
Against: 543,965 (0.09%)
Withheld: 49,141
Resolution 3: To re-elect Phil Smith
For: 578,808,560 (99.93%)
Against: 421,167 (0.07%)
Withheld: 2,441
Resolution 4: To re-elect Americo Lemos
For: 578,808,681(99.93%)
Against: 421,046 (0.07%)
Withheld: 2,441
Resolution 5: Withdrawn
Resolution 6: To re-elect Carol Chesney
For: 578,084,472 (99.93%)
Against: 417,255 (0.07%)
Withheld: 2,441
Resolution 7: To re-elect Victoria Hull
For: 577,979,472 (99.91%)
Against: 522,255 (0.09%)
Withheld: 2,441
Resolution 8: To re-elect Andrew Nelson
For: 493,064,347 (85.23%)
Against: 85,437,380 (14.77%)
Withheld: 2,441
Resolution 9: To re-elect Derek Jones
For: 578,124,472 (99.93%)
Against: 377,255 (0.07%)
Withheld: 2,441
Resolution 10: Reappointment of auditor
For: 577,983,777 (99.91%)
Against: 505,208 (0.09%)
Withheld: 15,183
Resolution 11: Directors' authority to allot shares
For: 576,822,740 (99.73%)
Against: 1,544,428 (0.27%)
Withheld: 137,000
Resolution 12: Disapplication of pre-emption rights
For: 568, 633, 529 (98.32%)
Against: 9,737,697 (1.68%)
Withheld: 132,942
Resolution 13: Additional authority for disapplication of pre-emption rights
For: 568, 655,246 (98.32%)
Against: 9,715,980 (1.68%)
Withheld: 132,942
Note: percentage of votes cast excludes withheld votes. Resolutions 1 to 11 were proposed as ordinary resolutions. For each of those resolutions to be passed, more than 50% of the votes cast must were favour of the resolution. Resolutions 12 and 13 were proposed as a special resolution. At least 75% of the votes cast were in favour of the resolution.
Contacts:
IQE plc
+44 (0) 29 2083 9400
Americo Lemos
Neil Rummings
Amy Barlow
Peel Hunt (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Paul Gillam
Richard Chambers
James Smith
Numis (Joint Broker)
+44 (0) 20 7260 1000
Simon Willis
Hugo Rubinstein
Iqra Amin
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
IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:
· Smart Connected Devices
· Communications Infrastructure
· Automotive and Industrial
· Aerospace and Security
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.