IQE Grants Options to Executive Chair and CEO
Why we think this is neutral
The RNS announcement details the issuance of options to the Executive Chair and CEO of IQE plc, which does not fall into any of the mandatory news categories. As such, a neutral sentiment score is appropriate.
Key Points
- Mark Cubitt received immediately vested options over 166,667 ordinary shares to reflect his additional time commitment as Executive Chair, his contribution during the Strategic Review, and to align his interests with shareholders
- Jutta Meier received options over 5,666,667 ordinary shares, subject to a three-year performance period and two-year holding period
Summary
The technology company has granted share options to its top executives as part of its long-term incentive plan.
IQE plc, the leading supplier of compound semiconductor wafer products and advanced material solutions, has announced the grant of nil cost share options to its Executive Chair, Mark Cubitt, and Chief Executive Officer, Jutta Meier, under the company's Long Term Incentive Plan (LTIP).
DIRECTOR DEALINGS