IQE PLC Iqe Plc : Director/Pdmr Shareholding
December 05 2017 - 2:00AM
UK Regulatory
TIDMIQE
5 December 2017
IQE plc
("IQE" or the "Company")
Director/PDMR Shareholding
IQE plc (AIM: IQE) was notified on 4 December 2017 that Mr Phillip
Rasmussen, Finance Director of the Company, sold 353,012 ordinary shares
of 1 pence each in the Company ("Ordinary Shares") into his Self
Invested Personal Pension ("SIPP"), and Dr Howard Williams, Operations
Director of the Company, sold 537,202 Ordinary Shares into his SIPP.
Both sales were executed at the gross average price of 162.875 pence per
Ordinary Share (the "Transactions"). These Transactions, which were
undertaken for tax planning purposes, were completed on 4 December 2017.
Following the Transactions, Mr Rasmussen's beneficial ownership of
Ordinary Shares are unchanged at 1,573,357 Ordinary Shares, representing
0.2% of the Company's issued share capital, and 2,211,444 unexercised
fully vested options over Ordinary Shares. Dr Williams' beneficial
ownership of Ordinary Shares are also unchanged at 2,392,965 Ordinary
Shares, representing 0.3% of the Company's issued share capital, and
3,089,907 unexercised fully vested options over Ordinary Shares. In
addition, Mr Rasmussen and Dr Williams each have 5,226,108 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 Mr Phillip Rasmussen
2. Reason for the notification
a) Position / status PDMR (Finance Director)
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
162.875 pence 353,012 Ordinary Shares
d) Aggregated information
-- Aggregated volume 353,012 Ordinary Shares
162.875 pence per Ordinary Share
-- Aggregated price Total consideration of GBP575,000
-- Aggregated total
e) Date of the transaction 4 December 2017
f) Place of the transaction London Stock Exchange, AIM
1. Details of the Person discharging managerial responsibilities
("PDMR") / person closely associated with them ("PCA")
a) Name Dr Howard Williams
2. Reason for the notification
a) Position / status PDMR (Operations Director)
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 Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
162.875 pence 537,202 Ordinary Shares
d) Aggregated information
-- Aggregated volume 537,202 Ordinary Shares
162.875 pence per Ordinary Share
-- Aggregated price Total consideration of GBP875,000
-- Aggregated total
e) Date of the transaction 4 December 2017
f) Place of the transaction London Stock Exchange, AIM
Contacts:
IQE plc
Drew Nelson
Phil Rasmussen
Chris Meadows +44 (0) 29 2083 9400
Canaccord Genuity
Simon Bridges
Henry Fitzgerald O'Connor
Richard Andrews + 44 (0) 20 7523 8000
Peel Hunt
Edward Knight +44 (0) 20 7418 8900
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
December 05, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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