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Friday, 19 May 2017

IQE plc : Director/PDMR Shareholding

IQE plc    

Published: 17:00 CEST 19-05-2017 /GlobeNewswire /Source: IQE plc / : IQE /ISIN: GB0009619924

IQE plc : Director/PDMR Shareholding

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 / 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)

Price(s) 68.29 pence

Volume(s) 1,900,000 Ordinary Shares

d)

Aggregated information

  • Aggregated volume
  • Aggregated price
  • Aggregated total

 

1,900,000 Ordinary Shares

68.29 pence per Ordinary Share

Total consideration of £1,297,519.54

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 / 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)

Price(s) 68.29 pence

Volume(s) 1,900,000 Ordinary Shares

d)

Aggregated information

  • Aggregated volume
  • Aggregated price
  • Aggregated total

 

1,900,000 Ordinary Shares

68.29 pence per Ordinary Share

Total consideration of £1,297,519.54

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

 

+44 (0) 29 2083 9400

Canaccord Genuity

Simon Bridges

Henry Fitzgerald-O'Connor

 

+ 44 (0) 20 7523 8000

Peel Hunt

Richard Kauffer

 

+44 (0) 20 7418 8900

Capital Access Group

Scott Fulton

Jessica Bradford

+44 (0) 020 3763 3400


 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: IQE plc, Pascal Close
Pascal Close, St Mellons, , Cardiff, CF3 0LW, , United Kingdom
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