12 June 2024
Sondrel (Holdings) plc
("Sondrel", the
"Company" and together with its subsidiaries the
"Group")
Update re Subscription and Loan
Conversion: Revised Admission Date
Sondrel (AIM: SND), a
leading provider of ultra-complex chips for leading global
technology brands, announces further to the Company's
announcement of 10 June 2024 (the "Announcement") that Admission of
the Subscription Shares and the Conversion Shares is now expected
to occur at 8.00 a.m. on 14 June 2024.
Following Admission, the total number of
ordinary shares in the capital of the Company in issue is expected
to be 172,461,772 with each ordinary share carrying the right to
one vote. There are no ordinary shares held in treasury and
therefore the total number of voting rights in the Company is
expected to be 172,461,772. The above figure may be used by
Shareholders in the Company 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, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Capitalised terms not otherwise defined in this
announcement shall have the meanings ascribed to them in the
Announcement.
For further information:
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Sondrel (Holdings) plc
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Via
Buchanan
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David Mitchard, Interim
CEO
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Tel: +44
(0) 20 7466 5000
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Nick Stone, Interim CFO
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Cavendish Capital Markets Limited
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Tel: +44
(0) 20 7220 0500
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Ben Jeynes / Katy Birkin / George
Lawson - Corporate Finance
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Michael Johnson - Sales
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Buchanan Communications
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Tel: +44
(0) 20 7466 5000
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Chris Lane / Stephanie Whitmore /
Abby Gilchrist
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sondrel@buchanan.uk.com
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About Sondrel
Sondrel is a UK-based fabless
semiconductor company specialising in high end, complex digital
Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design,
prototyping, testing, packaging and production of ASICs and
SoCs.
The Company is one of only a
few companies capable of designing and supplying the higher-spec
chips built on the most advanced semiconductor technologies,
selling into a range of hyper growth end markets such as
high-performance computing, automotive, artificial intelligence,
VR/AR, video analytics, image processing, mobile networking and
data centres. Sondrel designs have enabled products by
leading technology brands including Apple (iPhone), Sony
(PlayStation), Meta's (Oculus), Samsung, Google and Sony
smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz
cars.
Sondrel is well-established,
with a 20-year track record of successful delivery, supported by
long standing ecosystem partnerships including Arm, TSMC and
Samsung. Headquartered in the UK, Sondrel has a global presence
with offices in UK, USA, China, India and Morocco.
For more information please
visit: ir.sondrel.com.