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RNS Number : 1820S Sondrel (Holdings) plc 12 June 2024
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:
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 - Sales
Buchanan Communications Tel: +44 (0) 20 7466 5000
Chris Lane / Stephanie Whitmore / Abby Gilchrist sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)
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
(http://www.ir.sondrel.com/) .
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