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Tuesday, 19 September 2017

IQE plc : Director/PDMR Shareholding

IQE plc    

Published: 11:00 CEST 19-09-2017 /GlobeNewswire /Source: IQE plc / : IQE /ISIN: GB0009619924

IQE plc : Director/PDMR Shareholding

19 September 2017

 IQE plc

("IQE" or the "Company") 
Director/PDMR Shareholding

IQE plc (AIM: IQE) was notified on 18 September 2017 Dr Andrew Nelson, CEO of the Company, received 18,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 15 September 2017, in return for repaying his existing loan with Equity First Holdings LLC ("the Transaction"). The loan agreement was due for repayment on 10 October 2017 as was previously announced on 14 October 2014. Dr Nelson has now repaid the loan in full. 

Post the Transaction, Dr Nelson's total holding comprises of 28,459,218 Ordinary Shares, 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

PDMR (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

c)

Price(s) and volume(s)

 Price(s): 11,44 pence

Volume(s): 18,000,000 Ordinary share

d)

Aggregated information

  • Aggregated volume
  • Aggregated price
  • Aggregated total

 

18,000,000 Ordinary Shares

11.44 pence per Ordinary Share

 

e)

Date of the transaction(s)

15 September 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
Edward Knight
Nick Prowling





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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