IQE plc : Long Term Incentive Plan and Deferre...

IQE plc

("IQE" or the "Company")

26 April 2013

IQE plc announces that on 23 April 2013, a grant of 3,575,327 deferred shares over the Company's ordinary shares of 1 pence each have been awarded to certain directors under the Company's existing Long Term Incentive Plan (LTIP). In addition, the same directors have elected to take a portion of their remuneration in the form of deferred shares. In satisfaction of this, 2,570,094 deferred shares have also been issued. These issues are detailed in the table below:

Name	Role	No. of Ordinary shares subject to award under the LTIP		Options over Ordinary Shares following award
		LTIP	In lieu of cash remuneration
Dr A W Nelson	Chief Executive Officer	1,473,425	1,540,187	7,946,186
Mr P J Rasmussen	Chief Finance Officer	1,050,951	282,609	4,261,787
Dr H R Williams	Chief Operations Officer	1,050,951	747,298	5,190,250

The awards under the LTIP are subject to performance criteria and have a three year vesting period.  No consideration is payable for the grant of these deferred shares, and the exercise of whole or part of the deferred shares is conditional upon meeting the performance criteria.

Contacts:

IQE plc ([phone])

Drew Nelson

Phil Rasmussen

Chris Meadows

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: IQE plc via Thomson Reuters ONE

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