REG - Peel Hunt LLP Sondrel (Holdings) - Result of placing of shares in Sondrel (Holdings)

Sondrel (Holdings)Announcement

01/12/2023 07:00

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RNS Number : 3665V  Peel Hunt LLP  01 December 2023

1 December 2023

Result of placing of shares in Sondrel (Holdings) plc

NOT FOR DISTRIBUTION IN THE UNITED STATES (INCLUDING ITS TERRITORIES AND
POSSESSIONS), CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA. THE
INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA
OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Placing of 9,813,450 ordinary shares in Sondrel (Holdings) plc ("Sondrel" or
the "Company")

Siemens Industry Software Limited ("Siemens") has sold, subject to completion,
9,813,450 ordinary shares of £0.001 each in the Company (the "Placing
Shares") at a price of 6 pence per share (the "Placing"). Peel Hunt LLP ("Peel
Hunt") is acting as sole bookrunner to the Placing.  The Placing Shares
represent approximately 11.22% of the Company's issued share capital.
Following the Placing, Siemens will not have an interest in ordinary shares of
the Company.

The proceeds of the Placing are payable in cash and will be settled on a T+2
basis (unless otherwise agreed), and settlement of the Placing is expected to
occur on or about 5 December 2023.

The Company will not receive any proceeds from the Placing.

Market Abuse Regulation

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation. Upon the
publication of this announcement via a regulatory information service, this
inside information is now considered to be in the public domain.

 Enquiries:

 Peel Hunt LLP   Tel: +44 (0) 20 7418 8900
 Sohail Akbar
 Edward Allsopp

 

DISCLAIMER

This announcement and the information contained herein may not be published,
distributed or transmitted, directly or indirectly, in the United States
(including its territories and possessions), Canada, Australia, Japan or the
Republic of South Africa or any other jurisdiction where such an announcement
would be unlawful. The distribution of this announcement may be restricted by
law in certain jurisdictions and persons into whose possession this document
or other information referred to herein comes should inform themselves about
and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction. This announcement and the information contained herein are for
information purposes only and do not constitute or form part of any offer of
securities for sale or a solicitation of an offer to purchase securities in
the United States, Australia, Canada, Japan, the Republic of South Africa or
any other jurisdiction.

In the United Kingdom, this announcement is only directed at persons who are
qualified investors (as defined below) and (i) are investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together being
referred to as "Relevant Persons"). This announcement is directed only at
Relevant Persons and must not be acted on or relied on by persons who are not
Relevant Persons. Any investment or investment activity to which this
announcement relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.

This announcement is directed exclusively at persons who are "qualified
investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129.

The distribution of this announcement and the offering or sale of the Placing
Shares in certain jurisdictions may be restricted by law. No action has been
taken that would permit an offering of securities or possession or
distribution of this announcement in any jurisdiction where action for that
purpose is required. Persons into whose possession this announcement comes are
required to inform themselves about and to observe any such restrictions.  No
prospectus or offering document has been or will be prepared in connection
with the Placing. Any investment decision to buy securities in the Placing
must be made solely on the basis of publicly available information. Such
information is not the responsibility of and has not been independently
verified by any of Siemens, Peel Hunt or any of their respective affiliates.

Peel Hunt is authorised and regulated by the Financial Conduct Authority in
the United Kingdom. Peel Hunt is acting only for Siemens in connection with
the Placing and will not be responsible to anyone other than Siemens for
providing the protections offered to their respective clients nor for
providing advice in relation to the Placing or any matters referred to in this
announcement.

Peel Hunt and/or any respective affiliates may take up a portion of the
securities in the offering as a principal position and in that capacity may
retain, purchase or sell for their own account such securities. Peel Hunt does
not intend to disclose the extent of any such investment or transactions
otherwise than in accordance with any legal or regulatory obligation to do so.

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