IQE PLC — AGM Information 2020

Jun 29, 2020

National Storage Mechanism | Additional information

IQE plc

Cardiff, UK

29 June 2020

Result of AGM

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading manufacturer of advanced semiconductor wafer products for the global semiconductor industry, announces that at its Annual General Meeting, held today in Cardiff, all resolutions were duly passed.

Proxy votes were cast as shown below:

Total votes cast: 432,453,210

Ordinary resolution 1: Receipt of Directors Report & Financial Statements

For: 432,373,027 (99.99%)

Against: 1,784 (0.01%)

Withheld: 78,399

Ordinary resolution 2: Approval of the Directors’ Annual Report on Remuneration [advisory]

For: 417,768,370 (96.93%)

Against: 14,559,680 (3.37%)

Withheld: 125,160

Ordinary resolution 3: Re-appointment of Mr Phil Smith as a Non-Executive Director

For: 432,150,999 (99.94%)

Against: 255,408 (0.06%)

Withheld: 46,803

Ordinary resolution 4: Re-appointment of Mr David Grant as a Non-Executive Director

For: 432,129,457 (99.94%)

Against: 277,950 (0.06%)

Withheld: 45,803

Ordinary resolution 5: Appointment KPMG LLP as Auditors of the Company

For: 432,316,822 (99.98%)

Against: 92,229 (0.02%)

Withheld: 44,159

Ordinary resolution 6: Directors Authority to Allot Shares

For: 425,236,388 (98.35%)

Against: 7,128,574 (1.65%)

Withheld: 88,248

Special resolution 7: Directors Authority to Allot Equity Securities

For: 432,188,243 (99.97%)

Against: 135,719 (0.03%)

Withheld: 129,248

Note: percentage of votes cast excludes withheld votes.

Contacts:

IQE plc

+44 (0) 29 2083 9400

Drew Nelson

Tim Pullen

Amy Barlow

Peel Hunt LLP (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Edward Knight

Nick Prowting

Citigroup Global Markets Limited (Joint Broker)

+44 (0) 20 7986 4000

Christopher Wren

Peter Catterall

Headland Consultancy (Financial PR)

+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Tom James: +44 (0)78 1859 4991 

ABOUT IQE

http://iqep.com

IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:

• handset devices

• global telecoms infrastructure

• connected devices
• 3D sensing

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the whole market and is agnostic to the winners and losers at chip and OEM level. By leveraging the Group’s intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.

IQE is headquartered in Cardiff UK, with c. 650 employees across nine manufacturing locations in the UK, US, Taiwan and Singapore, and is listed on the AIM Stock Exchange in London.