IQE PLC — Director's Dealing 2017

Sep 19, 2017

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19 September 2017

IQE plc

("IQE" or the "Company") 

**Director/PDMR Shareholding

**

IQE plc (AIM: IQE) was notified on 18 September 2017 Dr Andrew Nelson, CEO of the Company, received 18,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 15 September 2017, in return for repaying his existing loan with Equity First Holdings LLC ("the Transaction"). The loan agreement was due for repayment on 10 October 2017 as was previously announced on 14 October 2014. Dr Nelson has now repaid the loan in full. 

Post the Transaction, Dr Nelson's total holding comprises of 28,459,218 Ordinary Shares, 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	PDMR (CEO)
b)	Initial notification / amendment	Initial notification
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 financial instrument	Ordinary shares of 1 pence each in the Company GB0009619924
b)	Nature of the transaction	Transfer of Ordinary Shares
c)	Price(s) and volume(s)	Price(s): 11,44 pence Volume(s): 18,000,000 Ordinary share
d)	Aggregated information - Aggregated volume - Aggregated price - Aggregated total	18,000,000 Ordinary Shares 11.44 pence per Ordinary Share
e)	Date of the transaction(s)	15 September 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

Edward Knight

Nick Prowling

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*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*