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IQE PLC (IQE)

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Tuesday 05 December, 2017

IQE PLC

IQE plc : Director/PDMR Shareholding

IQE plc : Director/PDMR Shareholding

5 December 2017

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

Director/PDMR Shareholding

IQE plc (AIM: IQE) was notified on 4 December 2017 that Mr Phillip Rasmussen, Finance Director of the Company, sold 353,012 ordinary shares of 1 pence each in the Company ("Ordinary Shares") into his Self Invested Personal Pension ("SIPP"), and Dr Howard Williams, Operations Director of the Company, sold 537,202 Ordinary Shares into his SIPP.   Both sales were executed at the gross average price of 162.875 pence per Ordinary Share (the "Transactions"). These Transactions, which were undertaken for tax planning purposes, were completed on 4 December 2017.

Following the Transactions, Mr Rasmussen's beneficial ownership of Ordinary Shares are unchanged at 1,573,357 Ordinary Shares, representing 0.2% of the Company's issued share capital, and 2,211,444 unexercised fully vested options over Ordinary Shares.   Dr Williams' beneficial ownership of Ordinary Shares are also unchanged at 2,392,965 Ordinary Shares, representing 0.3% of the Company's issued share capital, and 3,089,907 unexercised fully vested options over Ordinary Shares.   In addition, Mr Rasmussen and Dr Williams each have 5,226,108 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 Mr Phillip Rasmussen
2.Reason for the notification
a) Position / status PDMR (Finance Director)
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s)             Volume(s)

162.875 pence 353,012 Ordinary Shares
d) Aggregated information
  • Aggregated volume
  • Aggregated price
  • Aggregated total
 

353,012 Ordinary Shares

162.875 pence per Ordinary Share

Total consideration of £575,000
e) Date of the transaction 4 December 2017
f) Place of the transaction London Stock Exchange, AIM

1.Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a) Name Dr Howard Williams
2.Reason for the notification
a) Position / status PDMR (Operations Director)
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s)  Volume(s)

162.875 pence 537,202 Ordinary Shares
d) Aggregated information
  • Aggregated volume
  • Aggregated price
  • Aggregated total
 

537,202 Ordinary Shares

162.875 pence per Ordinary Share

Total consideration of £875,000
e) Date of the transaction 4 December 2017
f) Place of the transaction London Stock Exchange, AIM

Contacts:

IQE plc
Drew Nelson 
Phil Rasmussen
Chris Meadows

 
+44 (0) 29 2083 9400
Canaccord Genuity
Simon Bridges
Henry Fitzgerald O'Connor
Richard Andrews

 
+ 44 (0) 20 7523 8000
Peel Hunt
Edward Knight

 
+44 (0) 20 7418 8900
  



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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