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 |
|
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.