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IQE PLC (IQE)

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Monday 07 August, 2017

IQE PLC

IQE plc : Director Dealings

IQE plc : Director Dealings

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

Director Dealings

Cardiff, UK. 7th August 2017: IQE plc has been informed by Dr Drew Nelson, CEO, that he has transferred an aggregate of 1,000,000 ordinary shares of 1 pence each ("Ordinary Shares") to several family members on 4 August 2017 for nil consideration (the "Transactions"). The family members are not deemed to be closely associated persons ("PCA").  Dr Nelson's shareholding following the transfer is 27,446,913 shares

Post the Transactions, Dr Nelson's total holding comprises of 28,459,218 Ordinary Shares (which includes 18,000,000 shares that are subject to an obligation to repurchase as part of a loan agreement announced on 13 November 2014), 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  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 to non-PCA
c)  Price(s) and volume(s) 
Price(s)            Volume(s)

Nil                     500,000

Nil                     500,000
d) Aggregated information
  • Aggregated volume
  • Aggregated price
1,000,000 Ordinary Shares

 

Nil cost

 
e)  Date of the transaction(s)  4 August 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
Euan Brown




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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


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