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Share Name Share Symbol Market Type Share ISIN Share Description
Iqe Plc LSE:IQE London Ordinary Share GB0009619924 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -2.35% 33.20 33.20 33.30 35.40 32.85 35.40 2,473,822 16:26:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 156.3 6.7 0.1 255.4 266

IQE PLC Iqe Plc: Long Term Incentive Plan (LTIP) Awards

01/03/2022 7:00am

UK Regulatory (RNS & others)


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IQE plc

Cardiff, UK

1 March 2022

Long Term Incentive Plan (LTIP) Awards

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, announces today, following approval from IQE's Board of Directors and a recommendation made by the Remuneration Committee, that certain of IQE's directors have been granted awards over an aggregate 4,543,897 ordinary shares of 1 pence each in IQE ("Ordinary Shares") in the form of nil cost share options ("Awards") pursuant to IQE's LTIP as follows:

 
                          Number of Ordinary Shares subject to Award under the 
Name         Role                                 LTIP 
-----------  -----------  ---------------------------------------------------- 
             Chief 
Mr Americo    Executive 
 Lemos        Officer                                                3,065,591 
-----------  -----------  ---------------------------------------------------- 
             Chief 
Mr Tim        Financial 
 Pullen       Officer                                                1,478,306 
-----------  -----------  ---------------------------------------------------- 
 

Awards are granted under the LTIP previously approved by shareholders. The Awards are subject to performance criteria based on growth in Earnings Per Share (EPS), Total Shareholder Return (TSR), Revenue and the achievement of Strategic Objectives. Vesting of the Awards, in whole or part, is subject to the achievement of the performance criteria over the three-year performance period to 31 December 2024. No consideration is payable for the grant or exercise of the Awards and the exercise of the whole or part of the number of Awards is conditional upon meeting the performance criteria.

Contacts:

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Tim Pullen

Amy Barlow

Peel Hunt LLP (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Edward Knight

Paul Gillam

James Smith

Citigroup Global Markets Limited (Joint Broker)

+44 (0) 20 7986 4000

Christopher Wren

Peter Catterall

Headland Consultancy (Financial PR)

+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation (MAR).

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 Americo Lemos 
    -----------------------  ---------------------------------------------------- 
2.  Reason for the notification 
    ----------------------------------------------------------------------------- 
a)  Position / status        PDMR (Chief Executive Officer) 
    -----------------------  ---------------------------------------------------- 
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       Award of Long Term Incentive Plan ("LTIP") options 
    financial instrument      over ordinary shares of 1 pence each in the Company 
                              ("Awards") 
                              GB0009619924 
    -----------------------  ---------------------------------------------------- 
b)  Nature of the            Granting of LTIP Awards 
    transaction 
    -----------------------  ---------------------------------------------------- 
c)  Price(s) and volume(s)   Price(s) Volume(s) 
                              Nil pence 3,065,591 
    -----------------------  ---------------------------------------------------- 
d)  Aggregated information 
    --    Aggregated volume    N/A single transaction 
    --    Aggregated price 
    --    Aggregated total 
    -----------------------  ---------------------------------------------------- 
e)  Date of the transaction  25 February 2022 
    -----------------------  ---------------------------------------------------- 
f)  Place of the             Off market transaction 
    transaction 
    -----------------------  ---------------------------------------------------- 
 
 
1.  Details of the Person discharging managerial responsibilities 
     ("PDMR") / person closely associated with them ("PCA") 
    ----------------------------------------------------------------------------- 
a)  Name                     Mr Tim Pullen 
    -----------------------  ---------------------------------------------------- 
2.  Reason for the notification 
    ----------------------------------------------------------------------------- 
a)  Position / status        PDMR (Chief Financial Officer) 
    -----------------------  ---------------------------------------------------- 
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       Award of Long Term Incentive Plan ("LTIP") options 
    financial instrument      over ordinary shares of 1 pence each in the Company 
                              ("Awards") 
                              GB0009619924 
    -----------------------  ---------------------------------------------------- 
b)  Nature of the            Granting of LTIP Awards, and; 
    transaction               Acceleration of vesting of LTIP Awards 
    -----------------------  ---------------------------------------------------- 
c)  Price(s) and volume(s)   Price(s) Volume(s) 
                              Nil pence 1,478,306 
    -----------------------  ---------------------------------------------------- 
d)  Aggregated information 
    --    Aggregated volume    N/A single transaction 
    --    Aggregated price 
    --    Aggregated total 
    -----------------------  ---------------------------------------------------- 
e)  Date of the transaction  25 February 2022 
    -----------------------  ---------------------------------------------------- 
f)  Place of the             Off market transaction 
    transaction 
    -----------------------  ---------------------------------------------------- 
 

ABOUT IQE

https://www.globenewswire.com/Tracker?data=rqdx-WXguVFSdeiVzHCF9F6gDCjoxJgXqay-XS20KC-8fIzIS7v_ee-flzTDjHfL3sFAmu0Vxe8rqJqBV2WXUNXa58KxNV4p-S8n-j4R5iGLusiZujsQl9nT5S-KPRopg68Tsmy9ogh31rgAMZobdilBxe0SCVax3v5-BxydM1xk6Mk47dAcuwtXrm7YthZ7vULGEhgmHu1NhH6xW_uY3HGlrxHjw_O7wcuHWA29FoI= 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. 685 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

March 01, 2022 02:00 ET (07:00 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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