Placing and Additional Listing
(Thomson Reuters ONE) - 5 October 2009IQE plc("IQE" or the "Company")IQE plc (AIM: IQE), the leading global supplier of advanced waferproducts and wafer services to the semiconductor industry, announcesdetails of a placing and additional listing in connection with theacquisition of UK based NanoGaN Limited announced today.PlacingNoble & Company Limited has placed 4 million new ordinary shares of1p each in the capital of the Company ('Placing Shares') at 14.0p pershare ("Placing Price") to raise £0.56 million (before expenses) tofinance the cash consideration payable on completion of theacquisition (the 'Placing').The Placing is conditional, inter alia, on admission (''Admission'')of the Placing Shares to trading on AIM, a market operated by LondonStock Exchange plc (the ''London Stock Exchange'') ('AIM') (which isthe market on which the Company's existing issued ordinary shares areadmitted to trading) occurring by no later than 7 October 2009. ThePlacing Price represents a nil discount to the closing mid-price ofan existing issued ordinary share of 14.00p on 2 October 2009, thelatest practicable date prior to the posting of this announcement.The Placing Shares will rank pari passu with the existing ordinaryshares of the Company.Additional ListingApplication has been made to the London Stock Exchange for a further1,819,134 ordinary shares of 1p each in the capital of the Company('Consideration Shares') to be admitted to trading on AIM. TheConsideration Shares are being issued in satisfaction of part theinitial consideration for the acquisition of NanoGaN Limitedannounced today. The Consideration Shares will rank pari passi withthe existing ordinary shares of the Company.Application has been made and admission to trading on AIM of thePlacing Shares and the Consideration Shares is expected to occur on 7October 2009.Following this issue the total number of ordinary shares in issuewill be 442,512,159. Together the Placing Shares and theConsideration Shares will represent 1.32 percent of the Company'senlarged ordinary share capital following admission.Contacts:IQE plc (+44 29 2083 9400)Chris MeadowsPhil RasmussenNoble & Company Limited (+ 44 20 7763 2200)John Llewellyn-LloydSam ReynoldsCollege Hill (+44 20 7457 2020)Adrian DuffieldCarl Franklin---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 05.10.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 6549
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