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IQE plc: Result of AGM

IQE plc

(“IQE” or the “Company”)

Result of AGM

25 June 2019

IQE plc (AIM: IQE, "IQE" or the "Group") the leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, announces that at its Annual General Meeting, held this morning in Cardiff, all resolutions were duly passed.

Proxy votes were cast as shown below:

Total votes cast: 404,020,115

Ordinary resolution 1: Receipt of Directors Report & Financial Statements
For: 403,654,283 (99.91%)
Against: 3,009 (0.00%)
Withheld: 362,823 (0.09%)

Ordinary resolution 2: Approval of the Directors’ Annual Report on Remuneration [advisory]
For: 400,625,751 (99.16%)
Against: 3,323,338 (0.82%)
Withheld: 71,026 (0.02%)

Ordinary resolution 3: Re-appointment of Dr Drew Nelson OBE as Director
For: 403,892,935 (99.97%)
Against: 62,189 (0.02%)
Withheld: 64,991 (0.02%)

Ordinary resolution 4: Re-appointment of Mr Tim Pullen as Director
For: 403,318,478 (99.83%)
Against: 688,069 (0.17%)
Withheld: 13,568 (0.00%)

Ordinary resolution 5: Re-appointment of Mrs Carol Chesney as Director
For: 403,352,852 (99.83%)
Against: 653,695 (0.16%)
Withheld: 13,568 (0.01%)

Ordinary resolution 6: Appointment KPMG LLP as Auditors of the Company
For: 400,704,874 (99.92%)
Against: 277,283 (0.07%)
Withheld: 37,958 (0.01%)

Ordinary resolution 7: Directors Authority to Allot Shares
For: 396,774,265 (98.21%)
Against: 7,174,969 (1.78%)
Withheld: 74,429 (0.02%)

Special resolution 8: Disapplication of Pre-emption rights
For: 372,868,970 (92.29%)
Against: 31,076,716 (7.69%)
Withheld: 74,429 (0.02%)

Ordinary resolution 9: Adoption of LTIP plan
For: 230,567,555 (57.07%)
Against: 173,422,375 (42.92%)
Withheld: 30,185 (0.01%)

As previously indicated, it was announced at the AGM that Dr. Godfrey Ainsworth retires as a Director of IQE plc.

On behalf of the Board, IQE CEO Dr Drew Nelson extended his thanks and gratitude to Dr Ainsworth for his loyal and dedicated commitment to IQE over many years.

CONTACTS:

Contacts:

IQE plc
Dr Godfrey Ainsworth
Dr Drew Nelson
Chris Meadows

+44 (0) 29 2083 9400

Canaccord Genuity
Simon Bridges
Adam James

+ 44 (0) 20 7523 8000

Peel Hunt
Edward Knight
Nick Prowting

+44 (0) 20 7418 8900