15 April 2019
IQE plc
(“IQE” or the “Company”)
Director/PDMR Shareholding
IQE plc (AIM: IQE) was notified on 10 April 2019 that Dr Howard Williams, Operations Director of the Company, exercised a total of 3,424,470 options over ordinary shares of 1 pence each in the Company (“Ordinary Shares”), at prices of 1.000 pence, 10.167 pence and 13.750 pence per Ordinary Share on 10 April 2019.
Following the above exercise, Dr William’s sold 3,174,470 Ordinary Shares at a gross average price of 68.4 pence per Ordinary Share on 12 April 2019. The sale was conducted for personal wealth planning purposes.
Following the above transactions, Dr Williams' holds a beneficial interest of 2,642,965 Ordinary Shares, representing 0.3 per cent. of the Company's issued share capital, and 2,889,113 unexercised fully vested options over Ordinary Shares. In addition, Dr Williams holds a beneficial interest in 4,176,022 unvested options over Ordinary Shares that remain 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 Howard Williams |
| 2. | Reason for the notification | |
| a) | Position / status | PDMR (COO) |
| 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 | Exercise of options over Ordinary Shares |
| c) | Price(s) and volume(s) | 3,010,696 options at 1.000 pence 63,774 options at 10.167 pence 350,000 options at 13.750 pence |
| d) | Aggregated information
| 3,424,470 2.474 pence £84,715.86 |
| e) | Date of the transaction(s) | 10 April 2019 |
| f) | Place of the transaction | Outside a trading venue |
| 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 (COO) |
| 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 | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Date Volume Price 10/04/2019 441,784 71.5 10/04/2019 106,028 71.0 10/04/2019 52,760 70.1 10/04/2019 31,785 70.0 10/04/2019 6,508 70.0 10/04/2019 3,961 70.0 10/04/2019 990 70.0 11/04/2019 132,535 70.0 11/04/2019 730,079 67.9 12/04/2019 546,769 67.2 12/04/2019 556,648 67.2 12/04/2019 232,378 68.0 12/04/2019 332,245 68.1 |
| d) | Aggregated information
| 3,174,470 Ordinary Shares 68.4 pence per Ordinary Share £2,172,681 |
| e) | Date of the transaction(s) | 12 April 2019 |
| f) | Place of the transaction | London Stock Exchange, AIM |
Contacts:
| IQE plc Drew Nelson Tim Pullen Chris Meadows | +44 (0) 29 2083 9400 |
| Canaccord Genuity (Nomad and Joint Broker) Simon Bridges Richard Andrews | + 44 (0) 20 7523 8000 |
| Peel Hunt (Joint Broker) Edward Knight Nick Prowling | +44 (0) 20 7418 8900 |