Completion of Fundraising

In brief · summary, not quotable

IQE completes £81m fundraising with admission of new shares expected 1 June 2026.

Fundraising proceeds £81 million
Fundraising Shares 332,183,678
Total Ordinary Shares after Admission 1,312,590,972
Ordinary Shares with voting rights 1,312,586,857

Full announcement

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IQE plc (AIM: IQE, "IQE", the "Company" and, together with its subsidiary companies, the "Group"), a leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce the completion of the Fundraising and that IQE has raised aggregate subscription proceeds of £81 million.

All conditions to the Fundraising have been satisfied or waived. Additional details on the terms of the Fundraising can be found in the Company's news release on 27 April 2026 and in the circular sent to the Company's shareholders and published on 29 April 2026 ("Circular").

The Company is in the process of appointing Robert Dennehy, MACOM Chief Operating Officer, and David O'Carroll, MACOM Vice President, as Non-executive Directors of the Board, subject to, among other things, completion of customary Nomad due diligence. Pending completion of that process and the appointment of the Non-executive Directors, the Company has entered into a side letter with the Investor pursuant to which the Investor will have limited consent rights.

Admission and Total Voting Rights

Admission of the 332,183,678 Fundraising Shares is currently expected to take place at or around Monday 1 June 2026 ("Admission").

Following Admission, the Company's issued share capital will consist of 1,312,590,972 ordinary shares of 1 pence each ("Ordinary Shares"). The Company holds 4,115 Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 1,312,586,857.

Shareholders may use this figure (1,312,586,857) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the same meaning given to them in the announcement released by the Company on 27 April 2026.

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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.