Source - GNW

IQE plc

("IQE" or the "Company")

Result of AGM and retirement of Director

13 June 2017

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 by a show of hands.

Proxy votes were cast as shown below:

RESOLUTION ForDiscretionAgainstWithheld
Resolution 1
Receive the Report and Accounts for the financial year ended 31 December 2014.
271,667,542
(99.99%)
37,508
(0.01%)
0
(0.00%)
612

 
Resolution 2
Receive the Directors' Remuneration Report.
271,424,458
(99.92%)
37,880
(0.01%)
191,120
(0.07%)
522,222

 
Resolution 3
Approve Annual Remuneration Report.
271,424,922
(99.92%)
37,508
(0.01%)
191,120
(0.07%)
52,130

 
Resolution 4
Re-appoint Mr P Smith as a director.
271,145,103
(99.80%)
54,051
(0.02%)
501,396
(0.18%)
5,112

 
Resolution 5
Re-appoint Mr P Rasmussen as a director.
270,428,447
(99.53%)
54,051
(0.02%)
1,222,552
(0.45%)
612

 
Resolution 6
Re-appoint Dr H Williams as a director.
270,426,253
(99.53%)
52,395
(0.02%)
1,226,402
(0.45%)
612

 
Resolution 7
Re-appoint PwC as auditors.
271,528,405
(99.94%)
35,852
(0.01%)
140,793
(0.05%)
612

 
Resolution 8
Authorise the allotment of securities.
267,990,078
(98.64%)
37,508
(0.01%)
3,659,768
(1.35%)
7,788

 
Resolution 9
Disapply pre-emption rights pursuant to Section 95 of the Companies Act 1985.
271,503,263
(99.94%)
37,880
(0.01%)
129,491
(0.05%)
24,508

 
Resolution 10
Amendment (correction) to article 163
271,325,982
(99.84%)
54,051
(0.02%)
381,568
(0.14%)
34,061

 

Retirement of Director

At the end of the meeting, Professor Simon Gibson confirmed his retirement from the role of Non-Executive Director with immediate effect. The Chairman, Board and members present expressed their gratitude to Simon for his contribution to the IQE Board over the last fifteen years.

CONTACTS:

IQE plc (+44 (0) 29 2083 9400)
Drew Nelson        
Phil Rasmussen    
Chris Meadows    
               
Canaccord Genuity(+ 44 (0) 20 7523 8000)
Henry Fitzgerald O'Connor
Simon Bridges      
               
               




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Source: IQE plc via Globenewswire