REG - Sondrel (Holdings) - Board Change

Sondrel (Holdings)Announcement

13/09/2023 07:15

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RNS Number : 2275M  Sondrel (Holdings) plc  13 September 2023

13 September 2023

Sondrel (Holdings) plc

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

 

Board Change

 

Sondrel (AIM: SND), the fabless semiconductor business providing turnkey
services in the design and delivery of 'application specific integrated
circuits' ("ASICs") and 'system on chips' ("SoCs") for leading global
technology brands, announces that, by mutual agreement, Joe Lopez will be
standing down as Chief Financial Officer with immediate effect and will step
down as a director of the Company prior to 30 September 2023. Nick Stone will
become non-board Interim Chief Financial Officer of the Group with effect from
14 September 2023.

 

Nick Stone is a highly experienced CFO with a strong track record, built over
25 years, successfully leading a variety of finance roles with particular
capital markets expertise.  Most recently Nick was CFO of Braemar plc from
2019 to 2023.  His other previous roles include CFO of The Appointment Group
Ltd, Interim CFO of Crown Agents Ltd, and CFO roles at Hornby plc and KBC
Advanced Technologies plc.

 

An executive search process for a permanent CFO has also been initiated with
immediate effect.

 

The Board would like to thank Joe for the contribution he has made to the
Group over the last four years and wishes him well for the future. A further
announcement will be made on his resignation as a director of the Company.

 

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Broker has changed
its name to Cavendish Securities plc following completion of its own corporate
merger.

 

 

 

 Sondrel (Holdings) plc                                        Via Buchanan
 Graham Curren, CEO                                            Tel: +44 (0) 20 7466 5000

 Cavendish Securities plc                                      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                                                    sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)

 Stephanie Whitmore
 Jack Devoy
 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 (https://ir.sondrel.com/) .

 

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