IQE PLC Iqe Plc: Long Term Incentive Plan (LTIP) Awards
21 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMIQE
IQE plc
IQE plc: Long Term Incentive Plan (LTIP) Awards
("IQE" or the "Company")
20 February 2020
IQE plc announces that on 20 February 2020 the Board confirmed a
recommendation of the Remuneration Committee made on 29 January 2020 to
grant 2,727,216 nil-cost share options ("Awards") over the Company's
ordinary shares of 1 pence each ("Ordinary Shares") awarded under the
Company's Long Term Incentive Plan ("LTIP") to certain directors of the
Group detailed in the table below:
Number of Ordinary Shares subject to award under the
Name Role LTIP
----------- ----------- ----------------------------------------------------
Chief
Dr Andrew Executive
Nelson Officer 1,629,969
----------- ----------- ----------------------------------------------------
Chief
Mr Tim Financial
Pullen Officer 1,097,247
----------- ----------- ----------------------------------------------------
Awards are granted under the LTIP previously approved by shareholders
and described in the annual report on remuneration contained within the
IQE Report and Accounts for the year ended 31 December 2018. The Awards
are subject to performance criteria based on growth in Earnings Per
Share (EPS) and Total Shareholder Return (TSR) also previously approved
by shareholders. The Awards have a three year vesting period. No
consideration is payable for the grant or exercise of the Awards and the
exercise of the whole or part of the number of Awards is conditional
upon meeting the performance criteria.
The notification of the Awards is intended to satisfy the Company's
obligations under the Disclosure Guidance and Transparency Rules.
IQE plc
+44 (0) 29 2083 9400
Tim Pullen
Amy Barlow
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Edward Knight
Nick Prowting
Christopher Golden
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
The notification set out below is provided in accordance with the
requirements of the EU Market Abuse Regulation (MAR).
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 (Chief Executive Officer)
----------------------- ----------------------------------------------------
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 Award of Long Term Incentive Plan ("LTIP") options
financial instrument over ordinary shares of 1 pence each in the Company
("Awards")
GB0009619924
----------------------- ----------------------------------------------------
b) Nature of the Granting of LTIP Awards
transaction
----------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 1,629,969
----------------------- ----------------------------------------------------
d) Aggregated information
-- Aggregated volume N/A single transaction
-- Aggregated price
-- Aggregated total
----------------------- ----------------------------------------------------
e) Date of the transaction 20 February 2020
----------------------- ----------------------------------------------------
f) Place of the Off market transaction
transaction
----------------------- ----------------------------------------------------
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
-----------------------------------------------------------------------------
a) Name Mr Tim Pullen
----------------------- ----------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / status PDMR (Chief Finance Officer)
----------------------- ----------------------------------------------------
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 Award of Long Term Incentive Plan ("LTIP") options
financial instrument over ordinary shares of 1 pence each in the Company
("Awards")
GB0009619924
----------------------- ----------------------------------------------------
b) Nature of the Granting of LTIP Awards, and;
transaction Acceleration of vesting of LTIP Awards
----------------------- ----------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil pence 1,097,247
----------------------- ----------------------------------------------------
d) Aggregated information
-- Aggregated volume N/A single transaction
-- Aggregated price
-- Aggregated total
----------------------- ----------------------------------------------------
e) Date of the transaction 20 February 2020
----------------------- ----------------------------------------------------
f) Place of the Off market transaction
transaction
----------------------- ----------------------------------------------------
(END) Dow Jones Newswires
February 21, 2020 02:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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