Exercise of Warrants, Issue of Equity and TVR
IQE plc announced that Non-Executive Director Bami Bastani exercised warrants for 683,921 ordinary shares at 13.5 pence per share, with admission to AIM expected around June 24, 2026. Following this, the total number of issued ordinary shares with voting rights will be 1,323,263,283.
Select text to share a quote on X · sign in to keep highlights & notes in your IQE notes
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, announces that Bami Bastani, Non-Executive Director, has exercised his warrants in respect of 683,921 ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company at an exercise price of 13.5 pence per share.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for Admission of the 683,921 Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 24 June 2026.
The Ordinary Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 1,323,263,283 with voting rights. This figure may be used by shareholders 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's issued share capital.
- Smart Connected Devices
- Communications Infrastructure
- Automotive and Industrial
- Aerospace and Security
| 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 | 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 | Exercise of warrants to subscribe for 683,921 ordinary shares of 1 pence each in the Company |
| c) | Price(s) and volume(s) | 683,921 ordinary shares at an issue price of 13.5 pence per share (as adjusted in accordance with the warrant conditions) |
| d) | Aggregated information · Aggregated volume · Aggregated price | |
| e) | Date of the transaction(s) | 17 June 2026 |
| f) | Place of the transaction | Off-market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.