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 November 2024, IQE's Board of Directors has approved a recommendation made by the Remuneration Committee to grant IQE's Interim Chief Executive Officer and Chief Financial Officer, Jutta Meier, an award of 860,092 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 is subject to a three-year performance period to 31 December 2026 (the "Performance Period").
| a) | Name | Jutta Meier |
| 2. | Reason for the notification | |
| a) | Position / status | Interim Chief Executive Officer & 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 860,092 |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 28 November 2024 |
| f) | Place of the transaction | Off-market |
- Smart Connected Devices
- Communications Infrastructure
- Automotive and Industrial
- Aerospace and Security
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