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 11 December 2023 IQE's Board of Directors approved a recommendation made by the Remuneration Committee, to grant IQE's Interim Chief Financial Officer, Neil Rummings, an award of 355,451 share options over ordinary shares of 1 pence each in the Company ("Award") at nil cost, pursuant to IQE's Long Term Incentive Plan. The award will vest in one tranche on 31 May 2025 subject only to continued employment.
| 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 355,451 |
| d) | Aggregated information · Aggregated volume · Aggregated price | Price Volume Nil 355,451 |
| e) | Date of the transaction(s) | 11/12/23 |
| f) | Place of the transaction | Off-market |
- Smart Connected Devices
- Communications Infrastructure
- Automotive and Industrial
- Aerospace and Security
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