30 November 2011
IQE plc
("IQE" or the "Company")
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | ||||
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii | IQE PLC | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | X | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ||||
An event changing the breakdown of voting rights | ||||
Other (please specify): | ||||
3. Full name of person(s) subject to the notification obligation:iii | T. Rowe Price Associates, Inc. | |||
4. Full name of shareholder(s) (if different from 3.):iv | Chase Nominees Ltd. National Australia Bank Bank of New York Mellon Bank, N.A. | |||
5. Date of the transaction and date on which the threshold is crossed or reached:v | 28 November 2011 | |||
6. Date on which issuer notified: | 29 November 2011 | |||
7. Threshold(s) that is/are crossed or reached: vi, vii | 12% | |||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to sharesviii, ix | ||||||||||||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||||||
Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
GB0009619924 | 62,420,381 | 62,420,381 | 63,128,413 | 12.02% | ||||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financial instrument | Expiration date xiii | Exercise/ Conversion Period xiv | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |||||||||||
Nominal | Delta | |||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
63,128,413 | 12.02% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
T. Rowe Price Associates, Inc. (TRP A) serves as investment adviser, with dispositive and voting authority, to various institutional clients that own shares ofIQE PIC, including the T. Rowe Price International Discovery Fund, which owns 44,743,479 shares. Such shares are registered in the following name(s): Chase Nominees Ltd. - 54,459,589 National Australia Bank - 5,692,985 Bank of New York Mellon Bank, N.A. - 2,975,839 | ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will cease to hold: | ||
12. Date on which proxy holder will cease to hold voting rights: | ||
13. Additional information: | ||
14. Contact name: | Dorothy Jones, Assistant Vice President, T. Rowe Price Associates, Inc. | |
15. Contact telephone number: | 001 410 345 6603 | |