IQE PLC Iqe Plc : Director/Pdmr Shareholding

 
TIDMIQE 
 
 
   19 May 2017 
 
   IQE plc 
 
   ("IQE" or the "Company") 
 
   Director/PDMR Shareholding 
 
   IQE plc (AIM: IQE) was notified on 19 May 2017 that Mr Phillip Rasmussen, 
Finance Director of the Company, sold 1,900,000 ordinary shares of 1 
pence each in the Company ("Ordinary Shares") and Dr Howard Williams, 
Operations Director of the Company, sold 1,900,000 Ordinary Shares 
respectively, with both sales executed at a gross average price of 
68.29p per Ordinary Share (the "Transactions"). The Transactions were 
completed on 19 May 2017. 
 
   Mr Rasmussen and Dr Williams accumulated their shareholdings through a 
combination of share purchases and LTIP awards over the past decade. 
These Transactions are for future retirement planning purposes, and 
represents their first sale of shares since 10 July 2012, which at that 
time was to settle tax liabilities. Mr Rasmussen and Dr Williams remain 
fully committed to the Company and have no plans to sell any further 
shares at this time. 
 
   Post the Transactions, Mr Rasmussen's total holding comprises of 
1,573,357 Ordinary Shares, representing 0.2% of the Company's issued 
share capital, and 2,211,444 unexercised fully vested options over 
Ordinary Shares. Dr Williams' total remaining holding comprises of 
2,392,965 Ordinary Shares, representing 0.3% of the Company's issued 
share capital, and 3,089,907 unexercised fully vested options over 
Ordinary Shares. In addition, Mr Rasmussen and Dr Williams each have 
5,226,108 share options, which vest in January 2019 subject to 
performance criteria. 
 
   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                        Mr Phillip Rasmussen 
2.  Reason for the notification 
a)  Position / status           PDMR (Finance Director) 
b)  Initial notification /      Initial notification 
    amendment 
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          Ordinary shares of 1 pence each in the Company 
    financial instrument         GB0009619924 
b)  Nature of the transaction   Sale of Ordinary Shares 
c)  Price(s) and volume(s)      Price(s) 68.29 pence 
                                 Volume(s) 1,900,000 Ordinary Shares 
d)  Aggregated information 
     --    Aggregated volume      1,900,000 Ordinary Shares 
                                  68.29 pence per Ordinary Share 
     --    Aggregated price       Total consideration of GBP1,297,519.54 
 
     --    Aggregated total 
e)  Date of the transaction     19 May 2017 
f)  Place of the transaction    London Stock Exchange, AIM 
 
 
 
 
1.  Details of the Person discharging managerial responsibilities 
     ("PDMR") / person closely associated with them ("PCA") 
a)  Name                        Dr Howard Williams 
2.  Reason for the notification 
a)  Position / status           PDMR (Operations Director) 
b)  Initial notification /      Initial notification 
    amendment 
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          Ordinary shares of 1 pence each in the Company 
    financial instrument         GB0009619924 
b)  Nature of the transaction   Sale of Ordinary Shares 
c)  Price(s) and volume(s)      Price(s) 68.29 pence 
                                 Volume(s) 1,900,000 Ordinary Shares 
d)  Aggregated information 
     --    Aggregated volume      1,900,000 Ordinary Shares 
                                  68.29 pence per Ordinary Share 
     --    Aggregated price       Total consideration of GBP1,297,519.54 
 
     --    Aggregated total 
e)  Date of the transaction     19 May 2017 
f)  Place of the transaction    London Stock Exchange, AIM 
 
 
   Contacts: 
 
 
 
 
IQE plc 
 Drew Nelson 
 Phil Rasmussen 
 Chris Meadows                [phone] 
Canaccord Genuity 
 Simon Bridges 
 Henry Fitzgerald-O'Connor   + 44 (0) 20 7523 8000 
Peel Hunt 
 Richard Kauffer              [phone] 
Capital Access Group 
 Scott Fulton 
 Jessica Bradford            [phone] 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: IQE plc via Globenewswire 
 
 
  http://www.iqep.com 
 

(END) Dow Jones Newswires

May 19, 2017 11:00 ET (15:00 GMT)

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