IQE plc Issues Share Options to Key Executives

IQE plc ( (GB:IQE) ) has shared an update.

IQE plc announced the issuance of nil cost share options to its Executive Chair, Mark Cubitt, and CEO, Jutta Meier, under its Long Term Incentive Plan. Mark Cubitt received options over 166,667 ordinary shares, with plans for similar future grants, reflecting his increased time commitment and contributions during the strategic review. Jutta Meier was granted options over 5,666,667 ordinary shares, with vesting tied to financial and strategic performance targets. These grants aim to align the interests of key executives with shareholders, potentially impacting the company’s strategic direction and stakeholder confidence.

The most recent analyst rating on (GB:IQE) stock is a Buy with a £0.45 price target. To see the full list of analyst forecasts on IQE plc stock, see the GB:IQE Stock Forecast page.

More about IQE plc

IQE plc is a leading global supplier of advanced compound semiconductor wafers and material solutions, catering to a diverse range of applications including smart connected devices, communications infrastructure, automotive and industrial sectors, as well as aerospace and security. Headquartered in Cardiff, UK, IQE operates manufacturing locations in the UK, US, and Taiwan, and is listed on the AIM Stock Exchange in London. The company leverages its intellectual property portfolio to produce high-quality epitaxy wafers, positioning itself uniquely in a market with high entry barriers.

Average Trading Volume: 3,112,620

Technical Sentiment Signal: Sell

Current Market Cap: £97.13M

For an in-depth examination of IQE stock, go to TipRanks’ Stock Analysis page.