IQE PLC Iqe Plc : Director Dealings
07 August 2017 - 11:00PM
UK Regulatory
TIDMIQE
IQE plc ("IQE" or the "Company")
Director Dealings
Cardiff, UK. 7(th) August 2017: IQE plc has been informed by Dr Drew
Nelson, CEO, that he has transferred an aggregate of 1,000,000 ordinary
shares of 1 pence each ("Ordinary Shares") to several family members on
4 August 2017 for nil consideration (the "Transactions"). The family
members are not deemed to be closely associated persons ("PCA"). Dr
Nelson's shareholding following the transfer is 27,446,913 shares
Post the Transactions, Dr Nelson's total holding comprises of 28,459,218
Ordinary Shares (which includes 18,000,000 shares that are subject to an
obligation to repurchase as part of a loan agreement announced on 13
November 2014), representing 4.16% of the Company's issued share capital,
and 3,145,433 unexercised fully vested options over Ordinary Shares. In
addition, Dr Nelson has 7,532,962 share options, which vest in January
2019 subject to performance criteria.
The notification set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
a) Name Dr Andrew Nelson
2. Reason for the notification
a) Position / status CEO
b) Initial notification / Initial notification
amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name IQE plc
b) Legal Entity Identifier 213800Y33WHD3ESJJP16
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
a) Description of the Ordinary shares of 1 pence each in the Company
financial instrument GB0009619924
b) Nature of the transaction Transfer of Ordinary Shares to non-PCA
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 500,000
Nil 500,000
d) Aggregated information 1,000,000 Ordinary Shares
-- Aggregated volume Nil cost
-- Aggregated price
e) Date of the transaction(s) 4 August 2017
f) Place of the transaction London Stock Exchange, AIM
CONTACTS
IQE plc +44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows
Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Henry Fitzgerald O'Connor
Richard Andrews
Peel Hunt +44 (0) 20 7418 8900
Euan Brown
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: IQE plc via Globenewswire
http://www.iqep.com
(END) Dow Jones Newswires
August 07, 2017 09:00 ET (13:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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