Director/PDMR Shareholding
IQE plc announced that its Chair, Mark Cubitt, and Non-Executive Director, Bami Bastani, participated in a recent fundraising. Mr. Cubitt subscribed for 1,295,305 ordinary shares at £256,470.46, and Mr. Bastani subscribed for 518,122 ordinary shares at £102,588.24. Following these subscriptions, they also received warrants to subscribe for additional shares, with Mr. Cubitt receiving 1,709,803 warrants and Mr. Bastani receiving 683,921 warrants, exercisable until September 13, 2028.
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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, announces that Mark Cubitt, Chair and Bami Bastani, Non-Executive Director, participated in the Company's recent fundraising and received ordinary shares in the capital of the Company in the following amounts:
| Number of ordinary shares to be issued | Subscription price paid | Shareholding following issue of new ordinary shares | % shareholding of issued share capital following issue of new ordinary shares | |
|---|---|---|---|---|
| Mark Cubitt (Chair) | 1,295,305 | £256,470.46 | 1,295,305 | 0.10% |
| Bami Bastani (Non-executive Director) | 518,122 | £102,588.24 | 689,122 | 0.05% |
In accordance with the terms of the Existing Loan Notes, on redemption, Mark Cubitt and Bami Bastani were each issued warrants to subscribe for ordinary shares in the capital of the Company as follows. The warrants are exercisable at any time up to and including 13 September 2028, following which they shall lapse.
| Number of warrants issued | Maximum number of ordinary shares on exercise of warrants | % shareholding of issued share capital on exercise in full of warrants | |
|---|---|---|---|
| Mark Cubitt (Chair) | 1,709,803 | 1,709,803 | 0.23% |
| Bami Bastani (Non-executive Director) | 683,921 | 683,921 | 0.10% |
The FCA notification made in accordance with the requirements of UK MAR is set out at the end of this announcement.
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| a) | Name | Mark Cubitt |
| 2. | Reason for the notification | |
| a) | Position / status | PDMR (Chair) |
| 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 | Participation in subscription for ordinary shares |
| c) | Price(s) and volume(s) | 1,295,305 ordinary shares at an issue price of 19.8 pence per share |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 28 May 2026 |
| f) | Place of the transaction | Off-market |
| a) | Description of the financial instrument | Issue of warrants to subscribe for ordinary shares of 1 pence each in the Company The underlying ordinary shares have an ISIN of GB0009619924 |
| b) | Nature of the transaction | Issue of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | 1,709,803 warrants to subscribe for 1,709,803 ordinary shares at an issue price of 15 pence per share (subject to adjustment in accordance with the conditions) |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 28 May 2026 |
| f) | Place of the transaction | Off-market |
| a) | Name | Bami Bastani |
| 2. | Reason for the notification | |
| a) | Position / status | PDMR (Non-executive director) |
| 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 | Participation in subscription for ordinary shares |
| c) | Price(s) and volume(s) | 518,122 ordinary shares at an issue price of 19.8 pence per share |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 28 May 2026 |
| f) | Place of the transaction | Off-market |
| a) | Description of the financial instrument | Issue of warrants to subscribe for ordinary shares of 1 pence each in the Company The underlying ordinary shares have an ISIN of GB0009619924 |
| b) | Nature of the transaction | Issue of warrants to subscribe for ordinary shares |
| c) | Price(s) and volume(s) | 683,921 warrants to subscribe for 683,921 ordinary shares at an issue price of 15 pence per share (subject to adjustment in accordance with the conditions) |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 28 May 2026 |
| f) | Place of the transaction | Off-market |
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