An update from IQE plc ( (GB:IQE) ) is now available.
IQE plc announced a transaction involving Lombard Odier Asset Management (Europe), a person closely associated with Harmesh Suniara, a Non-Executive Director of the company. The transaction involves the subscription for convertible loan notes, which can be converted into ordinary shares at a price of 15 pence per share, with a principal value of £11,764,706. This transaction, conducted off-market on 13 March 2025, reflects strategic financial maneuvers that may impact IQE’s market positioning and stakeholder interests.
More about IQE plc
IQE plc is a leading global supplier of advanced compound semiconductor wafers and materials solutions, enabling a diverse range of applications across smart connected devices, communications infrastructure, automotive and industrial, and aerospace and security sectors. The company is headquartered in Cardiff, UK, with manufacturing locations in the UK, US, and Taiwan, and is listed on the AIM Stock Exchange in London. IQE leverages its intellectual property portfolio to produce superior quality epitaxy wafers, positioning itself uniquely in a market with high barriers to entry.
YTD Price Performance: 16.04%
Average Trading Volume: 2,773,182
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £124.6M
Learn more about IQE stock on TipRanks’ Stock Analysis page.