REG - Sondrel (Holdings) - Suspension of Trading on AIM

Sondrel (Holdings)Announcement

24/06/2024 16:30

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RNS Number : 6539T  Sondrel (Holdings) plc  24 June 2024

24 June 2024

 

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

 

              Suspension of trading on AIM pending publication of
2023 Annual Report & Accounts

 

Sondrel (AIM: SND), a leading provider of ultra-complex chips for leading
global technology brands, provides the following update in relation to its
Annual Report and Financial Statements for its financial year ended 31
December 2023 (the "2023 Annual Report").

 

As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the
Company is required to publish its 2023 Annual Report by 30 June 2024.
However, the Company confirms that its auditors will require additional time
to complete their audit following completion of the Company's subscription to
raise £5.6 million on 14 June 2024.

 

As a result, the Company no longer expects to be able to publish the 2023
Annual Report by 30 June 2024.  The Company is now targeting the publication
of the 2023 Annual Report during July 2024.

 

Trading in the Company's ordinary shares on AIM will therefore be suspended
with effect from 7.30 a.m. on 1 July 2024 pending publication of the 2023
Annual Report. Suspension from trading is expected to be lifted with the
publication of the 2023 Annual Report in due course.

 

Notwithstanding the anticipated temporary suspension of trading in the
Company's ordinary shares, the Company will continue to make announcements as
and when there are any developments that require announcement in accordance
with its obligations under the AIM Rules.

 

For further information:

 

 Sondrel (Holdings) plc                                        Via Buchanan
 David Mitchard, Interim CEO                                   Tel: +44 (0) 20 7466 5000
 Nick Stone, Interim CFO

 Cavendish Capital Markets Limited                             Tel: +44 (0) 20 7220 0500
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Michael Johnson / Charlie Combe - Sales and ECM

 Buchanan Communications                                       Tel: +44 (0) 20 7466 5000

Chris Lane / Stephanie Whitmore / Abby Gilchrist
                            sondrel@buchanan.uk.com

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulation, 2019.

 

 

 

 

 

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