Business
IQE plc: Results of REX Retail Offer and TVR
IQE plc: Results of REX Retail Offer and TVR.
About this update from Iqe Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT\n \nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE REX RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF IQE PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF IQE PLC\n \n \nCardiff, UK\n19 May 2023\n \nIQE plc\n \n \nResults of REX Retail Offer and Total Voting Rights\n \n \nFurther to the announcement by IQE plc (\"IQE\" or the \"Company\") at 7.00 a.m. on 18 May 2023, in which the results of the Placing were confirmed, IQE is pleased to announce that the Company will issue 5,492,730 new Ordinary Shares at a price of 20 pence to existing retail investors of the Company in connection with the REX Retail Offer.\n \nConsequently, 150,000,000 new Ordinary Shares will be issued in connection with the Placing and 5,492,730 new Ordinary Shares will be issued in connection with the REX Retail Offer, resulting in a total of 155,492,730 new Ordinary Shares being issued, raising total gross proceeds of approximately £31.1m for the Company.\n \nAdmission of the Placing Shares is expected to become effective at 8:00 a.m. on 22 May 2023 and Admission of the REX Retail Offer Shares is expected to become effective at 8.00 a.m. on 23 May 2023.\n \nFollowing Admission of the Placing Shares and the REX Retail Offer Shares, the number of Ordinary Shares that the Compan...