REG - Sondrel (Holdings) - Grant of EMI Share Options

Sondrel (Holdings)Announcement

21/07/2023 11:45

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RNS Number : 8305G  Sondrel (Holdings) plc  21 July 2023

21 July 2023

Sondrel (Holdings) plc

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

 

Grant of EMI Share Options

 

Sondrel (Holdings) plc (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 it has granted options over 387,597 new
ordinary shares in the Company under the Company's EMI Share Option Plan to
Gareth Jones, Vice President ASIC and a PDMR of the Group (the "Options").

 

The terms of the Sondrel EMI Share Option Plan were announced by the Company
on 1 June 2023 and approved by the Company's shareholders on 27 June 2023.

 

The Options will vest in tranches over a four-year period subject to customary
malus and clawback provisions, with 50% of the Options granted vesting on the
second anniversary of grant, a further 25% vesting on the third anniversary of
grant and a final 25% vesting on the fourth anniversary of grant.

 

Vested Options will be capable of exercise in whole or in part at an exercise
price of 56.5 pence per new ordinary share at any time prior to the tenth
anniversary of grant.

 

Further detail is provided below in accordance with Article 19.3 of the Market
Abuse Regulation.

 

Enquiries:

 

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

 Cenkos Securities plc                                         Tel: +44 (0)20 7397 8900
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Alex Pollen / 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: www.ir.sondrel.com
(http://www.ir.sondrel.com/) .

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Gareth Jones

 2    Reason for the notification

 a)   Position/status                                              PDMR (Vice President ASIC)

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Sondrel (Holdings) plc

 b)   LEI                                                          984500D6E7L2A9A54935

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.001 each

      Identification code

                                                                   ISIN: GB00BJN54579

 b)   Nature of the transaction                                    Grants of options under the Sondrel EMI Share Option Plan

      Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            Nil       387,597

 c)

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price                                                      n/a

 e)   Date of the transaction                                      21 July 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

n/a

 

 

n/a

 

e)

 

Date of the transaction

 

21 July 2023

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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