News: Suppliers
28 May 2026
IQE completes £81m fundraising
Epiwafer and substrate maker IQE plc of Cardiff, Wales, UK has completed its fundraising, yielding total subscription proceeds of £81m.
IQE is in the process of appointing Robert Dennehy and David O’Carroll, chief operating officer and vice president respectively of customer MACOM Technology Solutions Inc of Lowell, MA, USA, as non-executive directors of the board, subject to, among other things, completion of customary Nomad due diligence. Pending completion of that process and the appointment of the non-executive directors, IQE has entered into a side letter with the investor pursuant to which the investor will have limited consent rights.
Admission of the 332,183,678 fundraising shares is currently expected to take place at or around 1 June.
Following admission, IQE’s issued share capital will consist of 1,312,590,972 ordinary shares of 1 pence each. The firm holds 4,115 ordinary shares in treasury. So, the total number of ordinary shares with voting rights in IQE is 1,312,586,857.
Shareholders may use this figure (1,312,586,857) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, IQE under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
IQE raises £81m, including £45m from MACOM long-term supply agreements
