IQE PLC Iqe Plc: Block Admission Return

 
TIDMIQE 
 
 
   IQE plc 
 
   Cardiff, UK 
 
   4 May 2021 
 
   Block Admission Application 
 
   IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of 
advanced semiconductor wafer products and material solutions to the 
semiconductor industry, today announces an application has been made to 
the London Stock Exchange for a block admission of 8,000,000 ordinary 
shares of 1p each in the Company ("Ordinary Shares") to satisfy 
obligations under the Company's existing Long Term Incentive Plan which 
was approved by shareholders in 2019. The Long Term Incentive Plan is 
currently used to incentivise all of IQE's employees on an annual basis. 
 
   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 at 8.00 am on 5 
May 2021. The new Ordinary Shares will be added to the balance of 
1,909,388 Ordinary Shares remaining from the previous block admission. 
 
   Contacts: 
 
   IQE plc 
 
   [phone] 
 
   Drew Nelson 
 
   Tim Pullen 
 
   Amy Barlow 
 
 
 
   Peel Hunt LLP (Nomad and Joint Broker) 
 
   [phone] 
 
   Edward Knight 
 
   Paul Gillam 
 
   Nick Prowting 
 
 
 
   Citigroup Global Markets Limited (Joint Broker) 
 
   [phone] 
 
   Christopher Wren 
 
   Peter Catterall 
 
   Headland Consultancy (Financial PR) 
 
   + 44 (0) 20 38054822 
 
   Andy Rivett-Carnac: [phone] 
 
   Chloe Francklin: [phone] 
 
   ABOUT IQE 
 
   https://www.globenewswire.com/Tracker?data=7Hf-Q2U6i6SoWgHR3-gYfBu9Kqqvme3jrOLlNCdiVJFvMYuJdkMUS0U_suhhBQo7DQkCZn4Ygq2IVOrl3Kc2r2HymFW_H7F_XrM76QCFnm7QoeXmvh8j239eiv4bvkwepmT65CTphkoGgYmsuGcv_936PerJDyV4rxB_eaI20LndFAeIRdLOUFSHdiCHkRFYAc95ytW0uz26BncqoXHHo2CYbo0hK1KZVeUDqP1qDKc= 
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: 
 
 
   -- handset devices 
 
   -- global telecoms infrastructure 
 
   -- connected devices 
 
   -- 3D sensing 
 
 
   As a scaled global epitaxy wafer manufacturer, IQE is uniquely 
positioned in this market which has high barriers to entry. IQE supplies 
the whole market and is agnostic to the winners and losers 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 c. 650 employees across nine 
manufacturing locations in the UK, US, Taiwan and Singapore, and is 
listed on the AIM Stock Exchange in London. 
 
 
 
 

(END) Dow Jones Newswires

May 04, 2021 02:00 ET (06:00 GMT)

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