IQE plc ("IQE" or the "Company")
Director Dealings
Cardiff, UK. 7th August 2017: IQE plc has been informed by Dr Drew Nelson, CEO, that he has transferred an aggregate of 1,000,000 ordinary shares of 1 pence each ("Ordinary Shares") to several family members on 4 August 2017 for nil consideration (the "Transactions"). The family members are not deemed to be closely associated persons ("PCA"). Dr Nelson's shareholding following the transfer is 27,446,913 shares
Post the Transactions, Dr Nelson's total holding comprises of 28,459,218 Ordinary Shares (which includes 18,000,000 shares that are subject to an obligation to repurchase as part of a loan agreement announced on 13 November 2014), representing 4.16% of the Company's issued share capital, and 3,145,433 unexercised fully vested options over Ordinary Shares. In addition, Dr Nelson has 7,532,962 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 | Dr Andrew Nelson |
| 2. | Reason for the notification | |
| a) | Position / status | CEO |
| 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 |
| 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 Company GB0009619924 |
| b) | Nature of the transaction | Transfer of Ordinary Shares to non-PCA |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 500,000 Nil 500,000 |
| d) | Aggregated information Aggregated volume Aggregated price | 1,000,000 Ordinary Shares Nil cost |
| e) | Date of the transaction(s) | 4 August 2017 |
| f) | Place of the transaction | London Stock Exchange, AIM |
CONTACTS
IQE plc +44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows
Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Henry Fitzgerald O'Connor
Richard Andrews
Peel Hunt +44 (0) 20 7418 8900
Euan Brown
