IQE plc : Director/PDMR Shareholding

IQE plc
("IQE" or the "Company")

Directors Share Purchases and Finance Facility

14 October 2014

IQE plc (IQE or the' Company'), the leading  supplier of Advanced Semiconductors Wafer products to the  Global  Semiconductor market, has received  notification from the Executive Directors that they have purchased a total of 3.3 million ordinary shares in IQE plc at 12.75p per share.

In order to fund the purchase of the shares and to satisfy income tax obligations following the exercise of share options announced on the 10th October,  the Directors have entered into loan agreements and have transferred a total of 18 million existing shares as security. The Directors are required to redeem the transferred shares at maturity when the loan is repaid at the end of the three year term.   Under the terms of the facility, the lender is prohibited from short selling or voting  the shares during the term of the loan. The loan facility has been arranged , and the funding provided, by Equities First Holdings, a securities  based capital provider of finance for private and institutional investors.

Following these purchases, the executive directors have the following interests in the equity of the company

Name	No. of Ordinary Shares prior to option exercise	Option Exercise	No. of Ordinary Shares purchased	No. of Ordinary Shares after exercise and purchase	Ordinary Shares as a % of ISC
Dr. Drew Nelson, CEO	28,658,465	4,800,753	1,800,000	35,259,218	5.36%
Phillip Rasmussen, CFO	852,822	1,870,535	750,000	3,473,357	0.53%
Dr. Howard Williams, COO	1,672,430	1,870,535	750,000	4,292,965	0.65%

Total number of shares in issue is 658,134,599

Contacts:


IQE plc [phone]
Drew Nelson
Phil Rasmussen
Chris Meadows

Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan

Peel Hunt [phone]
Andy Crossley
Richard Kauffer

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IQE plc via Globenewswire

HUG#1862706