25th Jun 2019 16:30
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 StatementsFor: 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 DirectorFor: 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 DirectorFor: 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 DirectorFor: 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 CompanyFor: 400,704,874 (99.92%)Against: 277,283 (0.07%)Withheld: 37,958 (0.01%)
Ordinary resolution 7: Directors Authority to Allot SharesFor: 396,774,265 (98.21%)Against: 7,174,969 (1.78%)Withheld: 74,429 (0.02%)
Special resolution 8: Disapplication of Pre-emption rightsFor: 372,868,970 (92.29%)Against: 31,076,716 (7.69%)Withheld: 74,429 (0.02%)
Ordinary resolution 9: Adoption of LTIP planFor: 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 GenuitySimon BridgesAdam James | + 44 (0) 20 7523 8000 |
| Peel HuntEdward KnightNick Prowting | +44 (0) 20 7418 8900 |
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