IQE plc : Grant of deferred shares under Long T...

11 January 2016

IQE plc announces that on 7 January 2016 a grant of 17,625,562 deferred ordinary shares of 1 pence each ("Deferred Shares") was awarded under the Company's Long Term Incentive Plan (LTIP) to certain directors of the Group as detailed in the following table:

Name	Role	No. of Ordinary shares subject to award under the LTIP :
		2014	2015	2016
Dr A W Nelson	CEO	1,879,701	2,806,628	2,846,633
Mr P J Rasmussen	CFO	1,258,728	1,880,385	1,907,187
Dr H R Williams	COO	1,258,728	1,880,385	1,907,187

These awards relate to the LTIP years 2014, 2015 and 2016. All of these Deferred Sharesare subject to the achievement of performance criteria over the three year vesting period ending on 1 January 2019. The performance criteria, which were determined using independent benchmarking studies, include the attainment of EPS growth rate targets with lower and upper measurement thresholds of RPI+4% to RPI+10%. These Deferred Shares may be reduced or lapsed in the event of misconduct, known as 'malus' provisions.

Contacts:

IQE plc [phone]
Drew Nelson
Simon Gibson

Canaccord Genuity (Nomad and Joint Broker) + 44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan

Peel Hunt (Joint Broker) [phone]
Richard Kauffer
Euan Brown

Capital Access Group [phone]
Simon Courtenay
Harry Rippon

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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