Block Admission

IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, today announces an application has been made to the London Stock Exchange for a block admission of 16,000,000 ordinary shares of 1p each in the Company ("Ordinary Shares") to trading on AIM, to satisfy obligations under the Company's existing Long Term Incentive Plan which was approved by shareholders in 2019. The Long Term Incentive Plan is currently used to incentivise all of IQE's employees on an annual basis.

The Ordinary Shares held under the block admission will be allotted and issued in due course in accordance with the rules of the respective scheme(s) and will rank pari passu in all respects with the existing Ordinary Shares in issue. It is expected that admission of the Ordinary Shares under the block admission will become effective at 8.00 am on 7 February 2024. The new Ordinary Shares will be added to the balance of 5,518,704 Ordinary Shares remaining from the previous block admission. There is no change to the Group's issued share capital as a result of the Block Admission.

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