Long Term Incentive Plan (LTIP) Award
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IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announces that on 28 June 2023 following approval from IQE's Board of Directors and a recommendation made by the Remuneration Committee, IQE's Interim Chief Financial Officer was granted an award of 750,000 ordinary shares of 1 pence each in the Company in the form of nil cost share options ("Awards"), pursuant to IQE's Long Term Incentive Plan. The Awards will vest over a three-year period to 31 May 2026.
| a) | Name | Neil Rummings |
| 2. | Reason for the notification | |
| a) | Position / status | Interim Chief Financial Officer |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | IQE plc |
| b) | Legal Entity Identifier | 213800Y33WHD3ESJJP16 |
| a) | Description of the financial instrument | Ordinary shares of 1 pence each in the Company GB0009619924 |
| b) | Nature of the transaction | Award of options |
| c) | Price(s) and volume(s) | Price Volume Nil 750,000 |
| d) | Aggregated information · Aggregated volume · Aggregated price | n/a - single transaction |
| e) | Date of the transaction(s) | 28 June 2023 |
| f) | Place of the transaction | Off-market |
- Smart Connected Devices
- Communications Infrastructure
- Automotive and Industrial
- Aerospace and Security
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