22 April 2024
Sondrel (Holdings) plc
("Sondrel", the "Company" and together with its subsidiaries the "Group")
PDMR Dealings
Sondrel (AIM: SND), a leading provider of ultra-complex chips for leading global technology brands, announces that on 19 April 2024, David Mitchard, Interim CEO, purchased 554,138 ordinary shares of £0.001 each in the Company ("Ordinary Shares") at a price of 3.60 pence per Ordinary Share. Following this purchase, David Mitchard is beneficially interested in 554,138 Ordinary Shares, representing 0.63 per cent. of the issued share capital of the Company.
Furthermore, on 19 April 2024 Nick Stone, Interim CFO, purchased 140,000 Ordinary Shares at a price of 3.50 pence per Ordinary Share. Following this purchase, Nick Stone is beneficially interested in 140,000 Ordinary Shares, representing 0.16 per cent. of the issued share capital of the Company.
The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.
For further information:
| Sondrel (Holdings) plc | Via Buchanan |
| Graham Curren | Tel: +44 (0) 20 7466 5000 |
| Nick Stone | |
| | |
| 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 |
|
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.
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
| 1 | Details of PDMR / person closely associated with them ("PCA") | |||||||
| (a) | Name | David Mitchard | ||||||
| 2 | Reason for the notification | |||||||
| (a) | Position/status | Interim CEO/PDMR | ||||||
| (b) | Initial notification/amendment | Initial notification | ||||||
| 3 | Details of the Issuer | |||||||
| (a) | Name | SONDREL (HOLDINGS) PLC | ||||||
| (b) | Legal Entity Identifier code | 984500D6E7L2A9A54935 | ||||||
| 4 | Details of the transaction(s) | |||||||
| (a) | Description of the financial instrument | Ordinary Shares | ||||||
| (b) | Identification Code | GB00BJN54579 | ||||||
| (c) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
| (d) | Currency | GBP | ||||||
| (e) | Price(s) and volume(s) |
| ||||||
| [(f) | Aggregated information
| N/A | ||||||
| (g) | Date of the transaction | 19 April 2024 | ||||||
| (h) | Place of the transaction | AIMX | ||||||
| 1 | Details of PDMR / person closely associated with them ("PCA") | |||||||
| (a) | Name | Nick Stone | ||||||
| 2 | Reason for the notification | |||||||
| (a) | Position/status | Interim CFO/PDMR | ||||||
| (b) | Initial notification/amendment | Initial notification | ||||||
| 3 | Details of the Issuer | |||||||
| (a) | Name | SONDREL (HOLDINGS) PLC | ||||||
| (b) | Legal Entity Identifier code | 984500D6E7L2A9A54935 | ||||||
| 4 | Details of the transaction(s)
| |||||||
| (a) | Description of the financial instrument | Ordinary Shares | ||||||
| (b) | Identification Code | GB00BJN54579 | ||||||
| (c) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
| (d) | Currency | GBP | ||||||
| (e) | Price(s) and volume(s) |
| ||||||
| [(f) | Aggregated information
| N/A | ||||||
| (g) | Date of the transaction | 19 April 2024 | ||||||
| (h) | Place of the transaction | AIMX | ||||||
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