Exercise of Warrants, Issue of Equity and TVR
IQE plc announced that Non-Executive Chair Mark Cubitt exercised warrants for 1,709,803 ordinary shares at 13.5 pence per share, resulting in his holding of 3,005,108 shares, representing 0.23% of the issued share capital. Following this exercise, the total number of ordinary shares in issue will be 1,332,837,130, with admission of the new shares expected on or around October 27, 2026.
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IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, announces that Mark Cubitt, Non-Executive Chair, has given notice to exercise warrants held over 1,709,803 ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company at an exercise price of 13.5 pence per share.
Following the exercise of the warrants, Mark Cubitt will hold 3,005,108 Ordinary Shares representing 0.23% of the issued share capital.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for Admission of the 1,709,803 Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 27 October 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 1,332,837,130 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.
- AI & datacentre
- Consumer electronics
- Communications infrastructure
- Aerospace and defence
- Automotive and industrial
IQE combines more than 35 years of specialist expertise with a broad technology portfolio and a global manufacturing footprint across the UK, US and Taiwan, supporting customers from innovation through to high-volume production.
IQE is headquartered in Cardiff, UK, and is listed on the AIM-market of the London Stock Exchange.
| a) | Name | Mark Cubitt |
| 2. | Reason for the notification | |
| a) | Position / status | PDMR (Non-Executive Chair) |
| 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 1,709,803 ordinary shares of 1 pence each in the Company |
| c) | Price(s) and volume(s) | 1,709,803 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) | 21 October 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.