Long Term Incentive Plan (LTIP) awards

(Thomson Reuters ONE) - IQE plc("IQE" or the "Company")25 January 2010IQE plc announces that on 22nd January 2010, a grant of 9,267,910 nil-cost shareoptions over the Company's ordinary shares of 1 pence each have been awardedunder the Company's Long Term Incentive Plan (LTIP) to certain directors of theGroup detailed in the table below:+--------------------+------------------------+--------------------------------+| | | No. of Ordinary shares subject || Name | Role | to award under the LTIP || | +---------+----------------------+| | | 2008| 2009|+--------------------+------------------------+---------+----------------------+|Dr Andrew Nelson |Chief Executive Officer |1,833,219| 2,261,905|+--------------------+------------------------+---------+----------------------+|Mr Phillip Rasmussen|Chief Finance Officer |1,157,822| 1,428,571|+--------------------+------------------------+---------+----------------------+|Dr Howard Williams |Chief Operations Officer|1,157,822| 1,428,571|+--------------------+------------------------+---------+----------------------+Awards are granted under the LTIP previously approved by shareholders and aresubject to challenging performance criteria also previously approved byshareholders. The share options have a three (3) year vesting period. Noconsideration is payable for the grant of the Awards and the exercise of thewhole or part of the number of share options is conditional upon meeting theperformance criteria.The notification of these awards is intended to satisfy the Company'sobligations under the Disclosure and Transparency Rules.Contacts:IQE plc (+44 29 2083 9400)Chris MeadowsPhil RasmussenNoble & Company Limited (+ 44 20 7763 2200)John Llewellyn-LloydSam Reynolds[HUG#1376936]

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Datum: 25.01.2010 - 17:50 Uhr
Sprache: Deutsch
News-ID 11486
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