Form 8 (OPD)
IQE plc, as the offeree in a takeover situation, disclosed positions in its relevant securities as of September 18, 2025. The company holds no interests or short positions in its own ordinary shares, with nil relevant securities owned or controlled, and nil cash-settled or stock-settled derivatives. Furthermore, there are no rights to subscribe for new securities. Certain directors of IQE plc hold ordinary shares: Carol Chesney holds 90,000 shares (0.01%), Victoria Hull holds 281,192 shares (0.03%), Bami Bastani holds 171,000 shares (0.02%), and Maria Marced holds 179,579 shares (0.02%). Additionally, Jutta Meier holds options for 7,322,263 ordinary shares and Mark Cubitt holds options for 756,543 ordinary shares under the company's Long Term Incentive Plan. There are no indemnity or option arrangements, nor any agreements relating to options or derivatives.
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KEY INFORMATION
| (a) Full name of discloser: | IQE plc |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | IQE plc |
| (d) Is the discloser the offeror or the offeree? | OFFEREE |
| (e) Date position held: The latest practicable date prior to the disclosure | 18 September 2025 |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary Shares | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | Nil | - | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | Nil | - | Nil | - |
| TOTAL: | Nil | - | Nil | - |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | Nil |
| Details, including nature of the rights concerned and relevant percentages: | Nil |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
- The directors of the Offeree (and their close relatives and the related trusts of any of them) hold Ordinary Shares in the Offeree as follows: Name of director No. Ordinary Shares held % of issued ordinary share capital Carol Chesney 90,000 0.01 Victoria Hull 281,192 0.03 Bami Bastani 171,000 0.02 Maria Marced 179,579 0.02 (B) The following directors of the Offeree hold options and awards granted under the Offeree's share incentive scheme, as follows: Name of director No. Ordinary Shares under option Type of grant Exercise price Grant date Vest date Expiry Date Jutta Meier 766,683 IQE LTIP* Nil 1/7/25 Options vest monthly in equal instalments to 31 December 2025 1/7/35 5,666,667 IQE LTIP* Nil 8/6/25 31/12/27 8/6/35 995,521 IQE LTIP* Nil 28/2/24 Options will vest in two equal tranches over 2 years. 497,761 have already vested 28/2/34 860,092 IQE LTIP* Nil 28/11/24 31/12/2026 28/11/34 Mark Cubitt 166,667 IQE LTIP* Nil 1/9/25 1/9/25 (vested) 1/9/35 423,209 IQE LTIP* Nil 1/7/25 Options vest monthly in equal instalments to 31 December 2025 1/7/35 166,667 IQE LTIP* Nil 8/6/25 8/6/25 (vested) 8/6/35 * Options were granted under IQE's Long Term Incentive Plan (LTIP), with awards recommended by the remuneration committee. The LTIP awards are non-tax advantaged nil cost options subject to certain exercise criteria as disclosed within the Company's Annual Report for the relevant year of the awards.
- OTHER INFORMATION
- Indemnity and other dealing arrangements
None.
- Agreements, arrangements or understandings relating to options or derivatives
None.
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | NO |
| Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 19 September 2025 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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