IQE plc
("IQE" or the "Company")
Block Admission Return
13 April 2017
Application has been made to the London Stock Exchange for a block admission of 12,000,000 ordinary shares of 1p each ("Ordinary Shares") to satisfy obligations under the Company's existing Group Employee Share Option Scheme and other employee share incentive schemes. The shares will be allotted and issued in due course in accordance with the rules of the respective scheme(s) and will rank pari passu in all respects with the existing Ordinary Shares in issue. It is expected that admission of the Ordinary Shares under the block admission will become effective on 20 April 2017. The new Ordinary Shares will be added to the balance of 2,296,678 Ordinary Shares remaining from the previous block admission.
The company hereby provides an update to its block admission filed on 31 August 2016.
| Name of company: | IQE plc |
| Name of scheme: | All employee share option scheme |
| Period of return: | 31 August 2016 to 13 April 2017 |
| Number of Ordinary Shares not issued under scheme at the end of the last period: | 6,267,415 |
| Number of Ordinary Shares issued under scheme during period: | 3,970,737 |
| Number of Ordinary Shares cancelled under the scheme during period: | Nil |
| Balance of Ordinary Shares under scheme not yet issued at end of period: | 2,296,678 |
| Post admission of additional 12,000,000 Ordinary Shares applied for today, the revised number of Ordinary Shares available under the block listing | 14,296,678 |
| Number and class of Ordinary Shares originally admitted under scheme and the date of admission | 1,000,000 Ordinary Shares (4 Dec 2009) 2,000,000 Ordinary Shares (11 Oct 2010) 5,000,000 Ordinary Shares (8 Nov 2010) 8,000,000 Ordinary Shares (5 Apr 2011) 6,000,000 Ordinary Shares (16 May 2012) 16,000,000 Ordinary shares (19 Jun 2012) 8,000,000 Ordinary shares (12 Aug 2014) 8,000,000 Ordinary shares (3 Dec 2015) 12,000,000 Ordinary shares (20 April 2017) |
Contacts:
IQE plc +44 (0) 29 2083 9400
Phil Rasmussen
Chris Meadows
Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Henry Fitzgerald-O'Connor
