IQE PLC Iqe Plc : Block Admission Return
April 13 2017 - 7:00AM
UK Regulatory
TIDMIQE
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 1,000,000 Ordinary Shares (4 Dec 2009)
under scheme and the date of admission 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
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
April 13, 2017 07:00 ET (11:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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