REG - Sondrel (Holdings) - Holding(s) in Company

Sondrel (Holdings)Announcement

01/12/2023 15:45

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RNS Number : 4519V  Sondrel (Holdings) plc  01 December 2023

1 December 2023

Sondrel (Holdings) plc

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

 

Holding(s) in Company

 

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, notes the announcement this morning by Peel Hunt LLP
that Siemens Industry Software Limited ("Siemens") has today, subject to
completion,  disposed of its entire shareholding of  9,813,450 ordinary
shares in the Company, representing 11.22% of the Company's issued ordinary
share capital, at a price of 6.0 pence per ordinary share.

The disposal by Siemens has no impact on Sondrel's operations or commercial
relationships. Sondrel maintains strong relationships with its various
industry partners including foundries (such as TSMC, GlobalFoundries and
Samsung), OSAT organisations (such as Synergie-CAD, Amkor and ASE), IP vendors
(such as Synopsys, Siemens, Arm and Arteris) and EDA vendors (such as Synopsys
and Siemens).

The Group has increasingly been implementing newer technology from partners
like Synopsys and this technology is at the forefront of many of the Group's
existing and potential ASIC project delivery. In particular, Sondrel's strong
commercial relationship with Synopsys is creating new opportunities for the
Group.

 

For further information:

 

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

 Cavendish Capital Markets Ltd                                 Tel: +44 (0) 20 7220 0500
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Michael Johnson / George Budd / Charlie Combe - Sales and ECM

 Buchanan Communications                                       Tel: +44 (0) 20 7466 5000
 Chris Lane                                                    sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)

 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
(http://www.ir.sondrel.com/) .

 

 

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